Adobe Beats Forecasts, But AI Doubts Linger for Investors

• Adobe gave an upbeat FY2026 revenue outlook ($25.9B-$26.1B), but investors remained unimpressed, expecting higher figures.
• CEO Shantanu Narayen highlighted Adobe's growing importance in the AI ecosystem and rapid adoption of its AI-driven tools.
• Concerns over generative AI disrupting Adobe's business have led to a nearly one-fifth stock value loss this year.
• Adobe integrated Photoshop and Acrobat into OpenAI's ChatGPT to broaden its audience and address AI concerns.
• The company reported strong Q4 results, with sales of $6.19 billion and adjusted earnings of $5.50 per share, both exceeding forecasts.

Why It Matters: Adobe's AI strategy faces investor skepticism despite optimistic forecasts.