Added to YB: 2026-06-18
Pitch date: 2026-06-15
ADBE [neutral]
Adobe Inc.
+0.96%
current return
Author Info
No bio for this author
Company Info
Adobe Inc. operates as a technology company worldwide. The Digital Media segment offers products and services that enable individuals, teams, and enterprises to create, publish, and promote content.
Market Cap
$82.4B
Pitch Price
$205.38
Price Target
N/A
Dividend
N/A
EV/EBITDA
8.55
P/E
11.86
EV/Sales
3.33
Sector
Software
Category
turnaround
Adobe Q2 2026: Hairlines Becomes a Fault Lines
ADBE (earnings): Q2'26 rev +12.7% to $6.62B beat & raised, but stock fell again (6th beat-raise selloff, back to 2018 prices). GAAP EPS +7.9% mostly from 6.3% lower share count; FCF flat ~$2.1B. Freemium pivot (940M MAU) sacrifices near-term ARR. Margins compressing (GAAP op 33.8% vs 37.8% Q1), CEO+CFO both exiting, insider selling. Bull: RPO +13%, AI-ARR >$500M (3x), enterprise strong, Semrush adds $480M ARR. Echoes 2013 Creative Cloud transition. Decision: hold & watch KPIs, not adding.
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