Adobe Gives Upbeat Outlook, Though AI Effect Remains Murky

Adobe Inc. delivered an upbeat annual forecast but still drew a lukewarm reaction from investors, who have been seeking clearer signs that the software maker can thrive in an era of artificial intelligence.

Revenue will be $25.9 billion to $26.1 billion in the fiscal year ending in November 2026, the company said Wednesday in a statement. Though the midpoint of that range topped the average estimate, some analysts had predicted sales of more than $26.4 billion.