Adobe Inc. $ADBE delivered an upbeat sales outlook for the fiscal quarter ending in August, with projected revenue between $5.88 billion and $5.93 billion. The midpoint slightly exceeds the consensus estimate of $5.88 billion, while adjusted earnings are expected to range from $5.15 to $5.20 per share—above analysts’ average forecast of $5.11. The results reaffirm Adobe’s revenue stability, but investor skepticism persists amid intensifying competition from AI-native challengers.