Adobe Stock Struggling with Pressure Ahead of Earnings

Options bulls are piling on ahead of the event

Laura McCandless

Deputy Editor

Jun 8, 2026 at 1:18 PM

ADBE

Adobe Inc (NASDAQ:ADBE) is set to report fiscal second-quarter earnings after the close on Thursday, June 11. According to Zacks Research, analysts expect earnings of $5.83 per share on revenue of $6.46 billion, representing year-over-year growth of 15.2% and 9.9%, respectively.

Options traders are bracing for a sizable post-earnings reaction. The options pits are pricing in a next-day swing of 13.8%, much larger than the stock's historical earnings move of 8.2% over the last eight quarters. ADBE has closed five of its last eight post-earnings sessions lower, including a 7.6% drop following its March report.

At last glance today, ADBE was down 2.2% at $246.01, heading for its fourth drop in five sessions after it was rejected by familiar pressure at the 120-day moving average. Since the start of the year, the equity is down 29.9%, struggling to recover from its roughly eight-year low in early April.

Options speculators have been much more optimistic than usual ahead of the event. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), ADBE's 10-day call/put volume ratio of 2.41 ranks higher than 98% of readings from the past year.

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