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Adobe Beats Q2 Expectations, Raises FY25 Revenue Guidance Amid Strong AI Momentum
Adobe tops Q2 estimates with strong AI-led growth and raises full-year outlook, even as shares remain down 10% year-over-year.
Adobe Inc (NASDAQ: ADBE) on Thursday reported fiscal second-quarter net income of $1.69 billion, exceeding Wall Street expectations as the company highlighted strong demand and continued AI-driven innovation across its platforms.
The San Jose, California-based software giant said it had net income of $3.94 per share. Adjusted for one-time gains and costs, earnings were $5.06 per share. The results beat the average estimate of $4.96 per share, according to 13 analysts surveyed by Zacks Investment Research.
Revenue for the quarter reached $5.87 billion, surpassing Street forecasts of $5.79 billion from 11 Zacks-surveyed analysts. Cash flows from operations stood at $2.19 billion.
Exiting the quarter, Adobe reported Remaining Performance Obligations (RPO) of $19.69 billion, with Current RPO (cRPO) representing 67% of that figure. The company also said it repurchased approximately 8.6 million shares during the quarter.
“Our strategy to deliver ground-breaking innovation for Business Professionals and Consumers, and Creative and Marketing Professionals is delighting customers and we are pleased to raise Adobe’s FY25 revenue target,” said Shantanu Narayen, chair and CEO of Adobe. “Adobe’s AI innovation is transforming industries enabling individuals and enterprises to achieve unprecedented levels of creativity.”
For the fiscal third quarter ending in August, Adobe expects earnings per share to range from $5.15 to $5.20, with revenue projected between $5.88 billion and $5.93 billion.
For the full fiscal year, the company now anticipates earnings per share to be in the range of $20.50 to $20.70, with revenue guidance raised to between $23.5 billion and $23.6 billion.
Despite the strong quarterly performance, Adobe shares have declined 7% since the beginning of 2025 and were trading at $413.68 in the final minutes of trading on Thursday, marking a 10% decrease over the past 12 months.
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