The earnings call reflects a strong positive performance with record revenues and growth in multiple segments, particularly in Digital Media and AI-driven innovations. However, there are challenges with monetization and external copyright issues, which Adobe is addressing through its strategic approach. Overall, the sentiment is largely positive with a focus on future growth and innovation.

Company Guidance

In the recent earnings call, Adobe provided optimistic guidance for the second quarter of fiscal year 2025, highlighting their financial achievements and strategic direction. Adobe reported record revenue of $5.87 billion, reflecting an 11% year-over-year growth. The company achieved GAAP earnings per share of $3.94 and non-GAAP earnings per share of $5.06, representing a 13% increase from the previous year. Digital Media revenue reached $4.35 billion, with an annual recurring revenue (ARR) of $18.09 billion, marking a 12.1% year-over-year increase. Meanwhile, the Digital Experience segment generated $1.46 billion in revenue, with a 10% growth as reported. Adobe's strategic focus remains on integrating AI-driven solutions to enhance creativity and productivity across various user groups, with the AI-influenced ARR already contributing significantly to the company's revenue. Adobe aims to surpass its $250 million AI direct ARR target by the end of fiscal 2025, driven by innovations like the Acrobat AI Assistant and the Firefly app. The company also revised its full-year targets, projecting total revenue between $23.5 and $23.6 billion, further solidifying its strong market position.

Record-Breaking Revenue and Growth

Adobe delivered a record revenue of $5.87 billion in Q2 FY 2025, representing an 11% year-over-year growth. GAAP EPS was $3.94, while non-GAAP EPS was $5.06, marking 13% year-over-year growth.

Digital Media Segment Success

Digital Media achieved revenue of $4.35 billion, growing 12% year over year. Digital Media ARR reached $18.09 billion, with a 12.1% year-over-year growth.

AI and Firefly Expansion

The Firefly app saw time subscribers grow 30% quarter over quarter. Usage of generative AI features in Acrobat and Express grew over 3x year over year.

Strong Cash Flow

Adobe reported cash flows from operations of $2.19 billion, a record for Q2.

Successful Customer Wins

Adobe secured key global customer wins including Cisco, Macy's, NFL, and Premier League, enhancing its market position.

Adobe (ADBE) Earnings, Revenues Date & History

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ADBE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 11, 2025	2025 (Q3)	5.18 / -	4.65	―	―	―
Jun 13, 2025	2025 (Q2)	4.97 / 5.06	4.48	12.95% (+0.58)
Mar 12, 2025	2025 (Q1)	4.97 / 5.08	4.48	13.39% (+0.60)
Dec 11, 2024	2024 (Q4)	4.67 / 4.81	4.27	12.65% (+0.54)
Sep 12, 2024	2024 (Q3)	4.53 / 4.65	4.09	13.69% (+0.56)	―
Jun 13, 2024	2024 (Q2)	4.39 / 4.48	3.91	14.58% (+0.57)
Mar 14, 2024	2024 (Q1)	4.38 / 4.48	3.8	17.89% (+0.68)
Dec 13, 2023	2023 (Q4)	4.13 / 4.27	3.6	18.61% (+0.67)
Sep 14, 2023	2023 (Q3)	3.98 / 4.09	3.4	20.29% (+0.69)
Jun 15, 2023	2023 (Q2)	3.79 / 3.91	3.35	16.72% (+0.56)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

ADBE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jun 13, 2025	$391.68	$401.73	+2.57%
Mar 12, 2025	$438.60	$377.84	-13.85%
Dec 11, 2024	$549.93	$474.63	-13.69%
Sep 12, 2024	$586.55	$536.87	-8.47%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.