Move decomposition
Earnings contribution and valuation offset
The market move is separated into the change in trailing earnings power and the offset from relative valuation.
US Equity · NASDAQ · Earnings Dossier
ADBE earnings intelligence
Adobe Systems IncorporatedTechnology · Software - Application · USD reporting basis
Current earnings profile
Delivery strong, expectations demanding
Results have usually cleared estimates, but price has not consistently rewarded the delivery.
Evidence99/100 · Deep
Next scheduled catalyst
Thursday 10 September 2026
Time unconfirmed · Fiscal period ending 31 Aug 2026
42event risk
Moderate
Countdown28 dayscalendar proximity
EPS estimate4.86 USDprovider consensus
Estimate growth-8.5%versus comparable year-ago actual
Historical movement8.8%average absolute next weekly close
Three-year earnings transmission
Delivered earnings power versus market price
Earnings power is leading market price; the spread is stable and has persisted through 10 updates. Both series begin at 100, so the gap isolates the relative change in price and trailing earnings power.
Market move-47.8%2023-08-18 to 2026-08-07
Earnings move55.2%trailing diluted EPS
Unresolved spread103.0 ptsStable
Current multiple11.6xprice divided by TTM EPS
Relationship pressure74/100High
Model confidence96/100High
Relationship controls
What qualifies the headline spread
Persistent earnings lead
Earnings power has led market price across several updates.
Business quality supportive
Cash generation and operating evidence are broadly supportive.
Beat rate100.0%12 beats in 12 measured quarters
Average surprise+2.7%median 2.5%
Delivery streak1212 consecutive beats
Average response-6.2%12 measured reactions
Result-price confirmation18%same directional sign
Surprise variability0.9 ptspopulation dispersion
Estimate delivery
Actual EPS versus consensus
Actual and estimated EPS are displayed in reported currency on the same quarterly basis.
Price acceptance
Surprise and next weekly close
The response uses the first completed weekly close after the public report against the prior completed weekly close.
Fundamental delivery
Quarterly revenue and net income
Reported financial statements provide scale and earnings quality context around the headline EPS result.
Transmission matrix
Does price confirm delivery?
Upper right and lower left observations confirm the sign of delivery. The other quadrants expose expectation or resilience effects.
Current business context
Growth, quality and valuation
EPS growth5.2%year on year
Revenue growth11.5%year on year
Average surprise2.5%latest four quarters
SUE2.65standardised surprise
Net margin28.7%trailing basis
Cash conversion1.53xcash flow / net income
P/E14.6xcurrent snapshot
Data completeness100%alphavantage
Market context
Positioning into the event
Weekly close265.21 USDcompleted week
13-week return4.8%price momentum
Fair-value gap-37.5%price versus current fair value
Relative strength-20.7exchange benchmark
Trend signalInactiveweekly architecture
Next-week stateUndecided46.1%
Market context describes the setup surrounding the report. It does not convert the earnings event into a directional forecast.
Reported evidence ledger
Quarter-by-quarter delivery and acceptance
Each row preserves the reported estimate, public date, statement context and conservative weekly reaction measurement.
Reported / periodEPS actual / estimateSurpriseEPS growthRevenue / growthNext close / four weeksRead
Reported / period11 Jun 202631 May 2026 · exact
EPS actual / estimate5.96 / 5.81USD
Surprise+2.6%Beat
EPS growth+17.8%year on year
Revenue / growth6618000000+12.7% · USD
Next close / four weeks-18.9% / -12.6%completed weekly closes
ReadDivergedresult versus price sign
Reported / period12 Mar 202628 Feb 2026 · exact
EPS actual / estimate6.06 / 5.87USD
Surprise+3.2%Beat
EPS growth+41.6%year on year
Revenue / growth6398000000+12.0% · USD
Next close / four weeks-12.1% / -14.4%completed weekly closes
ReadDivergedresult versus price sign
Reported / period10 Dec 202530 Nov 2025 · exact
EPS actual / estimate5.50 / 5.40USD
Surprise+1.9%Beat
EPS growth+14.3%year on year
Revenue / growth6194000000+10.5% · USD
Next close / four weeks+2.9% / -3.7%completed weekly closes
ReadConfirmedresult versus price sign
Reported / period11 Sep 202531 Aug 2025 · exact
EPS actual / estimate5.31 / 5.18USD
Surprise+2.5%Beat
EPS growth+14.2%year on year
Revenue / growth5988000000+10.7% · USD
Next close / four weeks+0.1% / -0.6%completed weekly closes
ReadContainedresult versus price sign
Reported / period12 Jun 202531 May 2025 · exact
EPS actual / estimate5.06 / 4.97USD
Surprise+1.8%Beat
EPS growth+12.9%year on year
Revenue / growth5873000000+10.6% · USD
Next close / four weeks-6.1% / -9.0%completed weekly closes
ReadDivergedresult versus price sign
Reported / period12 Mar 202528 Feb 2025 · exact
EPS actual / estimate4.28 / 4.07USD
Surprise+5.2%Beat
EPS growth-4.5%year on year
Revenue / growth5714000000+10.3% · USD
Next close / four weeks-12.2% / -22.3%completed weekly closes
ReadDivergedresult versus price sign
Reported / period11 Dec 202430 Nov 2024 · exact
EPS actual / estimate4.81 / 4.67USD
Surprise+3.0%Beat
EPS growth+12.6%year on year
Revenue / growth5606000000+11.1% · USD
Next close / four weeks-15.8% / -22.1%completed weekly closes
ReadDivergedresult versus price sign
Reported / period12 Sep 202431 Aug 2024 · exact
EPS actual / estimate4.65 / 4.54USD
Surprise+2.4%Beat
EPS growth+13.4%year on year
Revenue / growth5408000000- · USD
Next close / four weeks-4.7% / -10.0%completed weekly closes
ReadDivergedresult versus price sign
Reported / period13 Jun 202431 May 2024 · exact
EPS actual / estimate4.48 / 4.40USD
Surprise+1.8%Beat
EPS growth-year on year
Revenue / growth5309000000- · USD
Next close / four weeks+12.9% / +24.3%completed weekly closes
ReadConfirmedresult versus price sign
Reported / period14 Mar 202429 Feb 2024 · exact
EPS actual / estimate4.48 / 4.38USD
Surprise+2.3%Beat
EPS growth-year on year
Revenue / growth5182000000- · USD
Next close / four weeks-10.7% / -12.1%completed weekly closes
ReadDivergedresult versus price sign
Reported / period13 Dec 202330 Nov 2023 · exact
EPS actual / estimate4.27 / 4.14USD
Surprise+3.1%Beat
EPS growth-year on year
Revenue / growth5048000000- · USD
Next close / four weeks-4.2% / -7.4%completed weekly closes
ReadDivergedresult versus price sign
Reported / period14 Sep 202331 Aug 2023 · exact
EPS actual / estimate4.10 / 3.98USD
Surprise+3.0%Beat
EPS growth-year on year
Revenue / growth-- · USD
Next close / four weeks-5.6% / -6.0%completed weekly closes
ReadDivergedresult versus price sign
Reproducible method
How the earnings dossier is measured
Reported diluted EPS is compared with the stored estimate for the same fiscal period. Moves within ±0.5% are classified as in-line.
The first completed weekly close after the public date is compared with the prior completed weekly close. Four-week response uses the first close at least 21 days later.
Risk combines proximity, average absolute price movement, surprise variability, estimate availability and timing certainty. It does not score direction.
Exact public dates are used when stored. Missing estimates, timing and statement fields remain missing. No result or reaction is filled from a future observation.
Independent market research for education. Not investment advice, a recommendation, forecast, target or execution instruction.