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ADOBE (ADBE)

Q2 2025 Earnings Summary

Reported on Jun 12, 2025 (After Market Close)
Pre-Earnings Price$413.68Last close (Jun 12, 2025)
Post-Earnings Price$392.50Open (Jun 13, 2025)
Price Change
$-21.18(-5.12%)
MetricYoY ChangeReason

Total Revenue

+10.6% YoY (from $5,309M to $5,873M)

Strong revenue growth driven by increased adoption of subscription offerings in Digital Media and Digital Experience segments, reflecting trends seen in previous periods.

Geographic Revenue Contributions

Values for Q2 2025: Americas $3,500M, EMEA $1,541M, APAC $832M

Steady regional performance indicates robust demand across key markets which continues the balanced geographic revenue growth observed in prior periods.

Profitability

Operating Income of $2,109M; Net Income of $1,691M; Gross Margin near 89%

High profitability is maintained through effective operational efficiency and cost management, building on a strong revenue base from the previous period.

Operating Cash Flow & Cash Equivalents

Operating Cash Flow of $2,191M; cash declined to $4,931M

Robust operating cash generation continues to support liquidity; however, aggressive financing and stock repurchase activities—consistent with earlier period trends—resulted in a reduced cash balance.

Stockholders’ Equity

Decreased from $13,095M in Q1 2025 to $11,448M in Q2 2025

A significant reduction primarily driven by continued stock repurchase programs and treasury stock adjustments, compounding trends seen in earlier periods.

MetricPeriodGuidanceActualPerformance
Total Adobe Revenue
Q2 2025
$5.77B to $5.82B
$5.873B
Beat
Digital Media Segment Revenue
Q2 2025
$4.27B to $4.30B
$4.345B
Beat
Digital Experience Segment Revenue
Q2 2025
$1.43B to $1.45B
$1.457B
Beat
Digital Experience Subscription
Q2 2025
$1.315B to $1.325B
$1.334B
Beat
GAAP EPS
Q2 2025
$3.80 to $3.85
$3.94 to $3.95
Beat

Research analysts covering ADOBE.