- Adobe press release (NASDAQ:ADBE): Q2 Non-GAAP EPS of $5.06 beats by $0.09.
- Revenue of $5.87B (+10.5% Y/Y) beats by $70M.
- GAAP operating income in the second quarter was $2.11 billion and non-GAAP operating income was $2.67 billion. GAAP net income was $1.69 billion and non-GAAP net income was $2.17 billion.
- Cash flows from operations were $2.19 billion.
- Exiting the quarter, Remaining Performance Obligations (“RPO”) were $19.69 billion, and Current Remaining Performance Obligations (“cRPO”) were 67 percent.
- Adobe repurchased approximately 8.6 million shares during the quarter.
-
The following table summarizes Adobe’s third quarter fiscal year 2025 targets, which assumes current macroeconomic conditions1:
Total revenue
$5.875 billion to $5.925 billion vs. consensus of $5.88B
Digital Media segment revenue
$4.37 billion to $4.40 billion
Digital Experience segment revenue
$1.45 billion to $1.47 billion
Digital Experience subscription revenue
$1.35 billion to $1.36 billion
Earnings per share
GAAP: $4.00 to $4.05
Non-GAAP: $5.15 to $5.20 vs. consensus of $5.10
The following updated table summarizes Adobe’s fiscal year 2025 targets, which assumes current macroeconomic conditions2:
Total revenue
$23.50 billion to $23.60 billion vs. consensus of $23.45B
Digital Media segment revenue
$17.45 billion to $17.50 billion
Digital Media ending ARR growth
11.0% year over year
Digital Experience segment revenue
$5.80 billion to $5.90 billion
Digital Experience subscription revenue
$5.375 billion to $5.425 billion
Earnings per share
GAAP: $16.30 to $16.50
Non-GAAP: $20.50 to $20.70 vs. consensus of $20.36
- Shares +6.37%.
Adobe Non-GAAP EPS of $5.06 beats by $0.09, revenue of $5.87B beats by $70M
