Hybrid: interns split time between the San Jose office and home; office frequency determined by the manager.
Adobe offers software for creating and managing digital content across media, organized into Creative Cloud, Marketing Cloud, and Document Cloud. Its products run on desktop and mobile apps that sync with cloud services, letting users create, edit, share, and optimize content across devices. Adobe differentiates itself with a broad, integrated ecosystem that covers design, marketing workflows, and document management, backed by a large user base and scalable enterprise solutions. Its goal is to help people and organizations produce and improve digital content at scale.
Company Size
10,001+
Company Stage
IPO
Headquarters
San Jose, California
Founded
1994
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Adobe has launched its Premiere video-editing app for Android, nearly a year after its iPhone debut. The app, which replaces Premiere Rush (ending support 30 September), has been optimised for various Android devices, including Samsung foldables and Google Pixels. Senior vice president Eric Snowden says the iOS version received "incredibly positive" feedback, earning 4.8 stars from over 25,000 App Store ratings. The Android version works on devices with at least 5GB RAM running Android 13 or later. Features include access to camera roll footage, creator-made templates, and options for basic or advanced editing with multitrack timelines. Adobe's apps, including Acrobat, Photoshop, and Lightroom, are also optimised for Google's new Chromebook platform, though they won't match desktop-grade performance on Windows or macOS.
Adobe reported third-quarter fiscal 2026 revenue of $6.76 billion, up 13% and beating the $6.70 billion analyst estimate. Non-GAAP earnings per share came in at $6.13, ahead of the $6.09 consensus. Shares fell 1.9% in extended trading after the company guided fourth-quarter revenue to $6.80 billion to $6.85 billion, slightly below expectations. The quarter coincided with a leadership transition, as Anil Chakravarthy prepares to become CEO on 1 December, with Shantanu Narayen moving to executive chair. Adobe crossed one billion monthly active users, up more than 20% year-over-year, and AI-first ARR rose over 150% to exceed $650 million. However, net new ARR fell 38% year-over-year to $390 million, raising concerns amongst analysts about monetisation of the growing user base.
Adobe stock remains down nearly 30% this year amid AI disruption concerns, despite continued solid performance. The company reported third-quarter revenue of $6.76 billion, up 13% year over year and exceeding its prior forecast. Adjusted earnings per share rose 15% to $6.13. Adobe is pursuing a freemium strategy to drive growth, offering free tools like Adobe Express and limited AI credits to convert casual users into subscribers. Monthly active freemium users grew 70% year over year, surpassing 100 million in the quarter. The company raised its full-year guidance, forecasting revenue between $26.576 billion and $26.626 billion, with adjusted earnings per share of $24.45 to $24.50. For the fiscal fourth quarter, Adobe expects revenue between $6.8 billion and $6.85 billion.
Adobe shares rose 1.4% on Friday, despite being down 27% over the past year. Jim Cramer suggested potential cuts in Adobe seem "false" and wondered if a squeeze could develop, noting the company's large market cap enables acquisitions. Adobe reported Q3 revenue of $6.76 billion and earnings per share of $6.13, slightly beating analyst estimates. The company's AI annual recurring revenue jumped 150% to $650 million, with overall ARR growing 11% to $27.50 billion. Adobe also surpassed one billion monthly active users for the first time. However, net new ARR dropped 36-37% annually, and Q4 revenue guidance of $6.80-6.85 billion missed estimates. Morgan Stanley maintained an Underweight rating, whilst JPMorgan cut its price target from $340 to $315. Hedge fund ownership declined from 86 to 81 firms quarter-over-quarter.
MagicSchool, providing AI for educators, raised $45M in Series B funding, reinforcing their commitment to being here to support educators and students for the long haul.