Adobe Systems reported record revenue just under $6 billion for Q3 2025, only 1% higher than the same quarter in 2024. Non-GAAP net income rose 8% to nearly $2.3 billion. Analyst estimates were slightly beaten, with revenue at $5.91 billion and adjusted profitability at $5.18 per share.

The company credited its growth to artificial intelligence technology integrated across its products. Investors may have expected stronger growth given the potential of AI. Adobe also provided updated guidance for Q4 2025 and the full year, expecting revenue just under $6.13 billion with adjusted net income of $5.40 per share.

Despite Adobe’s positive earnings report, some investors were disappointed, causing the stock to close marginally down. The company implied that its AI initiatives were driving growth, leading to expectations for more robust performance. Adobe’s updated guidance for Q4 2025 and full-year 2025 exceeded analyst estimates, reflecting confidence in future growth.

Read more at Yahoo Finance: Why Adobe Stock Just Couldn’t Light a Fire Under Investors Today