---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/41673134.md"
description: "$Adobe(ADBE.US) earnings are scheduled for tomorrow after the market closes, with the options market pricing in an implied volatility of ±8.7%. Two background numbers: Out of the past eight earnings reports, the actual volatility exceeded the implied volatility five times. Last quarter, the implied volatility was 6.8%, but the stock actually fell by 8.7%. The quarter before that, the implied volatility was 7.7%, but the stock actually rose by 8.6%. Sellers of volatility have been taking consecutive losses on this stock, and the current 8.7% is already an elevated quote. The stock has lost a quarter of its value year-to-date, and it closed slightly lower last night around $238. The market has largely priced in the negative impact of AI eroding creative software. With expectations set so low—consensus EPS at 5.82 and consensus revenue at $6.46 billion—the bar for exceeding expectations isn't actually that high.I'm not trying to guess the direction because volatility itself is more worth trading than direction—the odds for a long straddle aren't bad, given the implied 8.7% volatility and the history of five previous overshoots."
datetime: "2026-06-10T10:41:47.000Z"
locales:
  - [en](https://longbridge.com/en/topics/41673134.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/41673134.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/41673134.md)
author: "[Fufu](https://longbridge.com/en/profiles/26996852.md)"
---

# $Adobe(ADBE.US) earnings are scheduled for tomorro…


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