Adobe er kommet med deres Q3-regnskab her til aften. Kursen er oppe med ~4% i efter-markedet. Praesentation begynder om et kvarter. Det ser som altid rigtig fornuftigt ud. De loefter forventningerne til helaaret. Jeg synes ovedreven AI-frygt har gjort den for billig. I presse-meddelelsen naevner de i oevrigt AI 8 gange og i de forberedte kommentarer til praesentationen er AI naevnt 68 gange. Hehe 
Det er til den nuvaerende kurs en af de mest attraktive SaaS-virksomheder i mine oejne trods AI-truslen. Google var ogsaa billig, fordi folk frygtede SearchGPT, og saa glemte de eksistensen af Gemini. Jeg taenker lidt det samme om Firefly, Harmonize, osv.
---
10Q er desvaerre ikke frigivet endnu, men her presse-meddelelsen:
Adobe Reports Record Revenue in Q2 and Raises FY25 Revenue and EPS Targets
https://news.adobe.com/news/2025/06/adobe-q2fy25-financial-results
https://www.businesswire.com/news/home/20250911368178/en/Adobe-Raises-FY25-Digital-Media-ARR-Growth-Total-Revenue-and-EPS-Targets
Company Reports Record Revenue and RPO Surpasses $20 Billion, Accelerating to 13 Percent Year-Over-Year Growth
"Adobe is the leader in the AI creative applications category with AI-influenced ARR surpassing $5 billion and AI-first ARR already exceeding our $250 million year-end target," said Shantanu Narayen, chair and CEO, Adobe. "Given our customer strategy, AI product innovation and strong go-to-market execution, we're pleased to once again raise our FY25 total revenue and EPS targets."
"Adobe delivered record Q3 revenue, with strength in subscription revenue across both Digital Media and Digital Experience segments," said Dan Durn, executive vice president and CFO, Adobe. "We're raising our FY25 total revenue and EPS targets as we execute against our growth
strategy to deliver category leading and AI-infused solutions to meet the diverse needs of our customers."
Third Quarter Fiscal Year 2025 Financial Highlights
• Adobe achieved record revenue of $5.99 billion in its third quarter of fiscal year 2025, which represents 11 percent year-over-year growth, or
10 percent in constant currency. Diluted earnings per share was $4.18 on a GAAP basis and $5.31 on a non-GAAP basis.
• GAAP operating income in the third quarter was $2.17 billion and non-GAAP operating income was $2.77 billion. GAAP net income was $1.77
billion and non-GAAP net income was $2.25 billion.
• Cash flows from operations were $2.20 billion.
• Exiting the quarter, Remaining Performance Obligations ("RPO") were $20.44 billion, and Current Remaining Performance Obligations
("cRPO") were 67 percent.
• Adobe repurchased approximately 8.0 million shares during the quarter.
Third Quarter Fiscal Year 2025 Business Segment Highlights
• Digital Media segment revenue was $4.46 billion, which represents 12 percent year-over-year growth, or 11 percent in constant currency.
Digital Media Annualized Recurring Revenue ("ARR") exiting the quarter was $18.59 billion, representing 11.7 percent year-over-year growth.
• Digital Experience segment revenue was $1.48 billion, representing 9 percent year-over-year growth as reported and in constant currency.
Digital Exp
---
Jeg fandt i oevrigt to tidligere indlaeg om Adobe herinde:
2024-01-03 Vi kigger på Adobe med TA og FA
https://proinvestor.com/boards/117746/
2025-01-09 Adobe 52 week low
https://proinvestor.com/boards/124044/
Jeg naevnte ogsaa helt kort Adobe i denne traad:
https://proinvestor.com/boards/128314/
---
2025-09-11 Adobe's stock gains on earnings, revenue beat
https://www.cnbc.com/2025/09/11/adobe-adbe-q3-2025-earnings-report.html
2025-08-29 The week that Google ate Adobe
https://www.businessinsider.com/google-ate-adobe-graphic-designers-generative-ai-saas-software-2025-8
2025-06-13 Adobe shares slide as investors skeptical of quicker AI-adoption returns
https://www.reuters.com/business/adobe-shares-slide-investors-skeptical-quicker-ai-adoption-returns-2025-06-13/
Det er til den nuvaerende kurs en af de mest attraktive SaaS-virksomheder i mine oejne trods AI-truslen. Google var ogsaa billig, fordi folk frygtede SearchGPT, og saa glemte de eksistensen af Gemini. Jeg taenker lidt det samme om Firefly, Harmonize, osv.---
10Q er desvaerre ikke frigivet endnu, men her presse-meddelelsen:
Adobe Reports Record Revenue in Q2 and Raises FY25 Revenue and EPS Targets
https://news.adobe.com/news/2025/06/adobe-q2fy25-financial-results
https://www.businesswire.com/news/home/20250911368178/en/Adobe-Raises-FY25-Digital-Media-ARR-Growth-Total-Revenue-and-EPS-Targets
Company Reports Record Revenue and RPO Surpasses $20 Billion, Accelerating to 13 Percent Year-Over-Year Growth
"Adobe is the leader in the AI creative applications category with AI-influenced ARR surpassing $5 billion and AI-first ARR already exceeding our $250 million year-end target," said Shantanu Narayen, chair and CEO, Adobe. "Given our customer strategy, AI product innovation and strong go-to-market execution, we're pleased to once again raise our FY25 total revenue and EPS targets."
"Adobe delivered record Q3 revenue, with strength in subscription revenue across both Digital Media and Digital Experience segments," said Dan Durn, executive vice president and CFO, Adobe. "We're raising our FY25 total revenue and EPS targets as we execute against our growth
strategy to deliver category leading and AI-infused solutions to meet the diverse needs of our customers."
Third Quarter Fiscal Year 2025 Financial Highlights
• Adobe achieved record revenue of $5.99 billion in its third quarter of fiscal year 2025, which represents 11 percent year-over-year growth, or
10 percent in constant currency. Diluted earnings per share was $4.18 on a GAAP basis and $5.31 on a non-GAAP basis.
• GAAP operating income in the third quarter was $2.17 billion and non-GAAP operating income was $2.77 billion. GAAP net income was $1.77
billion and non-GAAP net income was $2.25 billion.
• Cash flows from operations were $2.20 billion.
• Exiting the quarter, Remaining Performance Obligations ("RPO") were $20.44 billion, and Current Remaining Performance Obligations
("cRPO") were 67 percent.
• Adobe repurchased approximately 8.0 million shares during the quarter.
Third Quarter Fiscal Year 2025 Business Segment Highlights
• Digital Media segment revenue was $4.46 billion, which represents 12 percent year-over-year growth, or 11 percent in constant currency.
Digital Media Annualized Recurring Revenue ("ARR") exiting the quarter was $18.59 billion, representing 11.7 percent year-over-year growth.
• Digital Experience segment revenue was $1.48 billion, representing 9 percent year-over-year growth as reported and in constant currency.
Digital Exp
---
Jeg fandt i oevrigt to tidligere indlaeg om Adobe herinde:
2024-01-03 Vi kigger på Adobe med TA og FA
https://proinvestor.com/boards/117746/
2025-01-09 Adobe 52 week low
https://proinvestor.com/boards/124044/
Jeg naevnte ogsaa helt kort Adobe i denne traad:
https://proinvestor.com/boards/128314/
---
2025-09-11 Adobe's stock gains on earnings, revenue beat
https://www.cnbc.com/2025/09/11/adobe-adbe-q3-2025-earnings-report.html
2025-08-29 The week that Google ate Adobe
https://www.businessinsider.com/google-ate-adobe-graphic-designers-generative-ai-saas-software-2025-8
2025-06-13 Adobe shares slide as investors skeptical of quicker AI-adoption returns
https://www.reuters.com/business/adobe-shares-slide-investors-skeptical-quicker-ai-adoption-returns-2025-06-13/
Saa har Reuters ogsaa faaet skrevet deres artikel faerdig:
Adobe raises annual revenue and profit forecasts on strong design software demand
https://www.reuters.com/business/adobe-raises-annual-revenue-profit-forecasts-strong-design-software-demand-2025-09-11/
Jeg fandt en fin figur her:
https://bsky.app/profile/sergeycyw.bsky.social/post/3lyi3dqxs6r2i
Adobe raises annual revenue and profit forecasts on strong design software demand
https://www.reuters.com/business/adobe-raises-annual-revenue-profit-forecasts-strong-design-software-demand-2025-09-11/
Jeg fandt en fin figur her:
https://bsky.app/profile/sergeycyw.bsky.social/post/3lyi3dqxs6r2i
Jeg er glad for, at jeg ikke deltager i et druk-spil, hvor man skal drikke, hver gang AI bliver naevnt paa earnings call
Vedhaeftet tidsserier for omsaetning fra Digital Media og Digital Experience opdateret frem til forrige kvartal. Det koerer opad i et mere taktfast tempo end et schweizisk ur.
Vedhaeftet tidsserier for omsaetning fra Digital Media og Digital Experience opdateret frem til forrige kvartal. Det koerer opad i et mere taktfast tempo end et schweizisk ur.
12/9 2025 12:27 Helge Larsen/PI-redaktør 1
128358 Adobe lægger an til en grøn fredag efter positive AI-nyheder
12/9 11:35
Adobe stiger med 4,3 pct. i det amerikanske formarked, efter at softwareselskabet i forbindelse med regnskabet for tredje kvartal præsenterede gode resultater for AI.
Det skriver Bloomberg News.
Adobe, der er kendt for at stå bag Photoshop og en række andre kreative applikationer, præsenterede torsdag efter amerikansk børslukning regnskab for sit forskudte tredje kvartal.
Analytikerne har efter regnskabet rettet særligt fokus på den årlige tilbagevendende omsætning. Ifølge Bloomberg Intelligence kan regnskabet dæmpe nogle af investorernes bekymringer for faldende efterspørgsel som følge af tredjeparts AI-værktøjer.
- Adobe er førende inden for kategorien kreative AI-applikationer med en AI-påvirket tilbagevendende omsætning på over 5 mia. dollar, udtalte Adobes topchef, Shantanu Narayen, i forbindelse med regnskabet, hvor forventningerne for året også blev hævet.
RBC Capital skriver i deres kommentar til regnskabet, at resultaterne var stærke netop med fokus på den AI-relaterede tilbagevendende omsætning.
- Tredje kvartals resultater var ganske sunde, og prognosen for fjerde kvartal ses højere, men vigtigst af alt har Adobe fremskridt med AI-produkter der viser investorerne, at selskabet ikke bliver overhalet af Google, OpenAI og andre, skriver finanshuset Vital Knowledge.
I samme ombæring påpeger Vital dog, at et enkeltstående regnskab ikke er nok til at fjerne "forældelsesskyer", der hænger over Adobe.
I tredje kvartal præsenterede Adobe desuden en rekordomsætning på 5,99 mia. dollar mod ventede 5,91 mia. dollar. En stigning på 11 pct. sammenlignet med samme periode sidste år.
.\˙ MarketWire
12/9 11:35
Adobe stiger med 4,3 pct. i det amerikanske formarked, efter at softwareselskabet i forbindelse med regnskabet for tredje kvartal præsenterede gode resultater for AI.
Det skriver Bloomberg News.
Adobe, der er kendt for at stå bag Photoshop og en række andre kreative applikationer, præsenterede torsdag efter amerikansk børslukning regnskab for sit forskudte tredje kvartal.
Analytikerne har efter regnskabet rettet særligt fokus på den årlige tilbagevendende omsætning. Ifølge Bloomberg Intelligence kan regnskabet dæmpe nogle af investorernes bekymringer for faldende efterspørgsel som følge af tredjeparts AI-værktøjer.
- Adobe er førende inden for kategorien kreative AI-applikationer med en AI-påvirket tilbagevendende omsætning på over 5 mia. dollar, udtalte Adobes topchef, Shantanu Narayen, i forbindelse med regnskabet, hvor forventningerne for året også blev hævet.
RBC Capital skriver i deres kommentar til regnskabet, at resultaterne var stærke netop med fokus på den AI-relaterede tilbagevendende omsætning.
- Tredje kvartals resultater var ganske sunde, og prognosen for fjerde kvartal ses højere, men vigtigst af alt har Adobe fremskridt med AI-produkter der viser investorerne, at selskabet ikke bliver overhalet af Google, OpenAI og andre, skriver finanshuset Vital Knowledge.
I samme ombæring påpeger Vital dog, at et enkeltstående regnskab ikke er nok til at fjerne "forældelsesskyer", der hænger over Adobe.
I tredje kvartal præsenterede Adobe desuden en rekordomsætning på 5,99 mia. dollar mod ventede 5,91 mia. dollar. En stigning på 11 pct. sammenlignet med samme periode sidste år.
.\˙ MarketWire
15/9 2025 15:57 bb8 0128395 Morningstar - The Best AI Stocks to Buy Now
https://www.morningstar.com/stocks/best-ai-stocks-buy-now
Next on our list of the best AI stocks to buy now, Adobe trades 37% below our fair value estimate of $560 per share. Adobe lays claim to the go-to software products that creative professionals rely on, such as Photoshop, Illustrator, and InDesign, and we think it has carved out a wide economic moat around its business.
Bulls Say: Adobe is the de facto standard in content creation software and PDF file editing, categories it created and still dominates.
Bears Say: Momentum is slowing in Creative Cloud after elevated growth driven largely by the model transition to software as a service.
https://www.morningstar.com/stocks/best-ai-stocks-buy-now
Next on our list of the best AI stocks to buy now, Adobe trades 37% below our fair value estimate of $560 per share. Adobe lays claim to the go-to software products that creative professionals rely on, such as Photoshop, Illustrator, and InDesign, and we think it has carved out a wide economic moat around its business.
Bulls Say: Adobe is the de facto standard in content creation software and PDF file editing, categories it created and still dominates.
Bears Say: Momentum is slowing in Creative Cloud after elevated growth driven largely by the model transition to software as a service.
