September 12, 2025 04:01 AM GMT Adobe Inc. | North America 3Q25 Results – Is the AI Engine Starting to Rev? A growing beat in DM NNARR, building traction in the 'AI- infused' solution set and FY25 numbers moving higher should work to entice investor back to this core software franchise trading at a depressed multiple. At just 19X our CY26 GAAP EPS estimate, the risk/reward at ADBE skews positive. OW. Key Takeaways On the Road to AI Redemption. Over the past year, Adobe shares (down almost 40% YoY) have felt ...