Adobe Performance degli utili passati
Criteri Il passato verificati 3/6
Adobe ha registrato una crescita degli utili a un tasso medio annuo di 8.2%, mentre il settore Software ha registrato utili in crescita a un tasso medio annuo di 24.9%. I ricavi sono stati in crescita a un tasso medio annuo di 10.5%. Il ritorno sul capitale proprio di Adobe è 62.8% e ha margini netti di 28.7%.
Informazioni chiave
8.21%
Tasso di crescita degli utili
11.26%
Tasso di crescita dell'EPS
| Software Crescita del settore | 17.33% |
| Tasso di crescita dei ricavi | 10.49% |
| Rendimento del capitale proprio | 62.76% |
| Margine netto | 28.69% |
| Prossimo aggiornamento sugli utili | 10 Sep 2026 |
Aggiornamenti sulle prestazioni recenti
Recent updates
Seeking Alpha • 8h
Adobe: The Growth Story Is Broken But Why I'm Buying Anyway
Summary Adobe trades at a deep discount despite AI disruption fears, offering a compelling risk/reward profile and strong buy rating. While revenue growth remains modest, ADBE's margin expansion and entrenched customer base support resilient profitability and downside protection. Management expects AI monetization to materialize mainly in fiscal 2027, with ARR growth skewed toward Q4, suggesting a potential upcoming inflection. Share repurchases and a solid balance sheet provide further support as the market awaits stability and narrative improvement for multiple re-ratings. Read the full article on Seeking Alpha
Aggiornamento narrativa • Jul 15
ADBE: Freemium AI Pivot Will Convert User Scale Into Future Cash Flows
Adobe's analyst fair value estimate has been revised from $415.56 to $380.00 as analysts weigh slower organic ARR guidance, a broader shift toward freemium models, and rising competitive pressure from AI driven design tools against the company's still solid growth profile and embedded user base. Analyst Commentary Recent research on Adobe highlights a sharp split in opinion, with many firms trimming targets or ratings while a smaller group of bullish analysts argue that the stock's reset and product positioning create an opportunity.Aggiornamento narrativa • Jul 01
ADBE: Freemium AI Pivot And Buybacks Will Support Long-Term Cash Flows
Analysts have trimmed their fair value estimate for Adobe to $415.56 from $438.81, reflecting a broad reset in price targets as they factor in slower organic ARR guidance, a heavier push into freemium offerings, and leadership transitions that introduce more execution risk around AI and monetization plans. Analyst Commentary Recent research on Adobe highlights a clear shift in sentiment, with many firms cutting price targets and resetting expectations around organic ARR, leadership changes, and the company’s heavier focus on freemium.Articolo di analisi • Jun 17
Adobe (ADBE) Stock Could Be 35.2% Undervalued After Earnings And Leadership Changes
Adobe (ADBE) is back in focus after a sharp market reaction to its latest earnings, leadership changes involving both the CEO and CFO, and a clear shift toward a freemium, AI-centric growth model. See our latest analysis for Adobe. Over the past year, momentum in Adobe stock has clearly faded, with the share price down 37.8% year to date and the 1-year total shareholder return declining 45.16%, as investors react to leadership changes and the shift to a freemium, AI-led model despite solid...Aggiornamento narrativa • Jun 17
ADBE: Freemium AI Shift And Buybacks Will Reshape Future Cash Flows
Adobe's updated analyst price target has moved lower to reflect reduced revenue growth expectations, a softer long term ARR outlook under a larger freemium push, leadership transitions, and a more conservative future P/E assumption, even as margins are modeled slightly higher. Analyst Commentary Street research around Adobe is mixed, but there is a clear pocket of bullish analysts who see the recent reset as an entry point rather than a sign to step aside.
Aggiornamento narrativa • Jun 12
Musings after the earnings
Thesis Update: Upward Revision on Adobe (ADBE) Post-Q2 CY2026 Earnings I am raising my fair value estimate for Adobe following this morning's strong earnings print and updated outlook. The Core Catalyst: The revision hinges on two key updates: raised FY2026 revenue guidance and a ~2% point drop in unadjusted operating margin.Articolo di analisi • Jun 12
Software stocks just gave investors a masterclass
Software stocks crashed on fears AI would make them obsolete, then they came roaring back. This edition of Market Insights aims to hand investors a repeatable playbook for separating real risk from market panic.Articolo di analisi • Jun 12
Software stocks just gave investors a masterclass
Software stocks crashed on fears AI would make them obsolete, then they came roaring back. This edition of Market Insights aims to hand investors a repeatable playbook for separating real risk from market panic.Aggiornamento narrativa • Jun 03
ADBE: AI Product Adoption And Buyback Program Will Reshape Future Cash Flows
Adobe's updated analyst fair value edges up by about $0.10 per share to roughly $456.35. This reflects models that now factor in slightly higher projected revenue growth and profit margins, alongside recent Street research that has generally reduced official price targets on concerns around AI competition, CEO transition risk, and near term pressure on annual recurring revenue.Nuova narrativa • May 31
Adobe: A Probabilistic Case for Undervaluation
As a self-described "Quantitative Fundamental Hobby Investor," my valuation philosophy is straightforward: I prioritize high-quality cash flow generation and the durability of a company’s economic moat. Adobe (ADBE) is currently at the center of a heated debate regarding AI disruption.
Aggiornamento narrativa • May 18
ADBE: CEO Transition Will Increase Risk Around AI Subscription Monetization
Analysts have reduced their average price target on Adobe by $70 to $220 per share, citing CEO transition uncertainty, slower annual recurring revenue trends, and rising competitive pressures from AI driven offerings as key reasons for the reset. Analyst Commentary Recent research on Adobe highlights a shift toward more cautious views as multiple bearish analysts reduce price targets and, in some cases, downgrade ratings.
Nuova narrativa • May 07
Good Value for a Creative Monopoly
Adobe’s strategic positioning ensures it remains the creative industry’s "operating system," regardless of whether AI succeeds or fails. By building Firefly exclusively on licensed Adobe Stock and public domain content, Adobe has created a unique "legal moat" that offers enterprise customers commercial safety and IP indemnity that competitors cannot match.
Nuova narrativa • May 04
Classic Value Trap
Adobe was an amazing company. I'm an end user since 1991.Aggiornamento narrativa • Apr 30
ADBE: AI Competition And CEO Transition Will Reshape Future Cash Flows
Adobe's updated analyst price target has shifted from about $580 to roughly $456 as analysts factor in rising AI competition, a series of target cuts across major firms, and added uncertainty around the CEO transition and annual recurring revenue trends. Analyst Commentary Recent research on Adobe clusters around a few key themes that matter for you as an investor: how the market is pricing AI competition, what the CEO transition means for execution, and how annual recurring revenue trends feed into valuation.
Aggiornamento narrativa • Apr 16
ADBE: Generative AI And Freemium Adoption Will Shape Future Earnings Power
Adobe's analyst price target has been adjusted slightly higher, with analysts pointing to updated expectations for revenue growth, profit margins, and future P/E in light of recent Q1 results, CEO transition news, and ongoing discussion around AI related opportunities and headwinds. Analyst Commentary Wall Street views on Adobe are mixed, with many firms trimming price targets and recalibrating ratings after the Q1 print and the CEO transition update.Aggiornamento narrativa • Apr 01
ADBE: Generative AI Monetization And Freemium User Growth Will Drive Future Revenue
Adobe's updated fair value estimate has been reduced from about $408 to roughly $328 as analysts factor in a lower future P/E, softer growth assumptions, and fresh uncertainty tied to the CEO transition and AI-driven shifts in its core businesses. Analyst Commentary Recent research on Adobe reflects a clear reset in expectations, with many firms cutting price targets and adjusting ratings to reflect CEO transition risk, AI related disruption, and softer growth metrics such as net new annual recurring revenue.Articolo di analisi • Apr 01
Why Adobe's (NASDAQ:ADBE) Earnings Are Better Than They Seem
The market seemed underwhelmed by the solid earnings posted by Adobe Inc. ( NASDAQ:ADBE ) recently. Along with the...Aggiornamento narrativa • Mar 18
ADBE: CEO Transition Will Intensify AI Monetization Uncertainty And Multiple Compression
Analysts have reduced the Adobe price target to $220 from $271.93, reflecting softer revenue growth assumptions, a lower future P/E outlook, and heightened uncertainty around the CEO transition and the pace of AI driven monetization. Analyst Commentary Recent research on Adobe shows a clear tilt toward caution, with multiple price target cuts and rating downgrades clustering around the latest fiscal Q1 report and the CEO transition announcement.Aggiornamento narrativa • Mar 04
ADBE: AI Adoption And Generative Credits Will Drive Future Revenue Milestones
Our updated view trims Adobe's fair value estimate from $447.56 to $408.47, reflecting a lower assumed future P/E of about 21.2x. This is in line with a wave of reduced Street price targets around $290 to $375 and analyst concerns about competitive pressure, AI related execution risks, and more muted near term upside for the shares.Aggiornamento narrativa • Feb 18
ADBE: AI Transition And Creative Ecosystem Partnerships Will Reshape Future Cash Flows
Our fair value estimate for Adobe has edged higher to $580.27 from $575.83 as analysts broadly reduce price targets and ratings in response to softer Digital Media growth expectations, questions about the durability of the competitive moat, and concerns that AI benefits may be slower to show up in revenue and margins than previously hoped. Analyst Commentary Recent Street research on Adobe has tilted more cautious, with several firms cutting ratings and price targets as they reassess Digital Media growth expectations, competition, and the timing of AI monetization.Aggiornamento narrativa • Feb 04
ADBE: AI Transition And Semrush Deal Will Reshape Future Cash Flows
Analysts have trimmed their fair value estimate for Adobe slightly, to about $576 per share. They cite a wave of recent downgrades and reduced price targets that reflect concerns about limited near term upside, competitive pressure in creative tools, and uncertainty over how much the current AI transition will benefit the business.Aggiornamento narrativa • Jan 21
ADBE: Future AI And Semrush Deal Will Reshape Cash Flow Profile
Analysts have reduced their Adobe fair value estimate by about US$7 to roughly US$578, citing a lower future P/E assumption and recent price target cuts that reflect concerns about near term growth momentum and competitive pressures. Analyst Commentary Recent Street research on Adobe has tilted more cautious, with several firms cutting ratings and price targets as they reassess expectations around AI driven growth, competitive intensity and near term execution.Aggiornamento narrativa • Jan 07
ADBE: Future AI And Marketing Deals Will Reshape Cash Flow Profile
Narrative Update on Adobe Analysts have revised their Adobe fair value estimate from $605.00 to about $585.69. This reflects slightly lower revenue growth and profit margin assumptions, a somewhat higher discount rate, and a partially offsetting increase in the future P/E input in their models.Aggiornamento narrativa • Dec 23
ADBE: Rising AI Costs Will Pressure Margins And Drive Multiple Compression
Analysts have reduced their fair value estimate for Adobe from $380.00 to about $271.93 per share, citing expectations for slightly slower revenue growth, lower long term profit margins, and a more conservative valuation multiple. Analyst Commentary Bearish analysts have become more vocal on Adobe, pointing to a combination of moderating growth expectations and tighter competitive dynamics across creative, document, and marketing workflows.Aggiornamento narrativa • Dec 20
Adobe Stock: When Creativity Software Becomes an AI-Native Platform
Adobe (NASDAQ: ADBE) has spent decades defining how digital creativity is produced, edited, and distributed. From Photoshop to Premiere to Acrobat, its tools are embedded deeply into professional and consumer workflows.Aggiornamento narrativa • Dec 09
ADBE: AI Adoption And Acquisitions Will Drive Future Revenue Milestones
Analysts have nudged their average price target on Adobe slightly lower, trimming fair value by about $3 to approximately $448 as they factor in modestly slower revenue growth, slightly softer long term margins, and a marginally higher discount rate, despite continued momentum in AI driven products. Analyst Commentary Analysts remain divided on Adobe's outlook, with most acknowledging solid execution in the near term but reassessing the pace and durability of growth as the company leans further into AI infused offerings.Aggiornamento narrativa • Nov 24
ADBE: Ongoing AI Product Adoption Will Drive Early Revenue Milestones And Overcome Doubts
Adobe's analyst price target has been revised downward by approximately $6 to $450. Analysts are trimming future growth and profit expectations in light of continued AI-driven uncertainty and evolving competitive dynamics.
Nuova narrativa • Oct 09
A Fair Price for a Great Business Facing Real Threats
TLDR; "HOLD" The story of Adobe today is that of a wide-moat champion that has been knocked from its pedestal. After a deep-dive analysis, our conclusion is that Adobe remains a world-class business, but the competitive landscape has fundamentally changed.Aggiornamento narrativa • Sep 23
Firefly And GenStudio Will Transform Marketing And Boost Future Engagement
Analysts have reduced Adobe’s price target to $456.18 due to persistent AI-related uncertainty, slowing revenue growth, and intensified competition, despite continued strong execution and early AI monetization progress. Analyst Commentary Ongoing AI uncertainty and heightened competitive pressures are weighing on long-term growth assumptions and sector valuation multiples, leading to widespread target cuts, despite continued Outperform/Overweight ratings from many bullish analysts.Aggiornamento narrativa • Sep 08
Firefly And GenStudio Will Transform Marketing And Boost Future Engagement
Analysts moderately lowered Adobe's price target to $475.45 amid mixed views—bulls cite resilient margins, disciplined execution, and AI potential, while bears flag Creative Cloud market share losses and AI competition—leaving fair value edging slightly lower. Analyst Commentary Bullish analysts highlight Adobe’s potential as a long-term AI winner, citing its commercially safe generative content approach, resilient top line, disciplined expense management, and industry-leading margins as supportive of attractive long-term value.Ripartizione dei ricavi e delle spese
Ripartizione dei ricavi e delle spese
Come Adobe guadagna e spende denaro. In base agli ultimi utili dichiarati, su base LTM.
Storico di utili e ricavi
| Data | Ricavi | Utili | Spese G+A | Spese di R&S |
|---|---|---|---|---|
| 29 May 26 | 25,198 | 7,229 | 8,635 | 4,494 |
| 27 Feb 26 | 24,453 | 7,208 | 8,308 | 4,378 |
| 28 Nov 25 | 23,769 | 7,130 | 8,061 | 4,294 |
| 29 Aug 25 | 23,181 | 6,957 | 7,826 | 4,195 |
| 30 May 25 | 22,601 | 6,869 | 7,576 | 4,129 |
| 28 Feb 25 | 22,037 | 6,751 | 7,373 | 4,031 |
| 29 Nov 24 | 21,505 | 5,560 | 7,215 | 3,944 |
| 30 Aug 24 | 20,947 | 5,360 | 7,041 | 3,834 |
| 31 May 24 | 20,429 | 5,079 | 6,934 | 3,693 |
| 01 Mar 24 | 19,936 | 4,801 | 6,836 | 3,585 |
| 01 Dec 23 | 19,409 | 5,428 | 6,764 | 3,473 |
| 01 Sep 23 | 18,886 | 5,121 | 6,661 | 3,357 |
| 02 Jun 23 | 18,429 | 4,854 | 6,556 | 3,251 |
| 03 Mar 23 | 17,999 | 4,737 | 6,392 | 3,113 |
| 02 Dec 22 | 17,606 | 4,756 | 6,187 | 2,987 |
| 02 Sep 22 | 17,191 | 4,813 | 5,955 | 2,871 |
| 03 Jun 22 | 16,693 | 4,889 | 5,703 | 2,747 |
| 04 Mar 22 | 16,142 | 4,827 | 5,494 | 2,621 |
| 03 Dec 21 | 15,785 | 4,822 | 5,406 | 2,540 |
| 03 Sep 21 | 15,099 | 5,839 | 5,185 | 2,441 |
| 04 Jun 21 | 14,389 | 5,582 | 4,974 | 2,356 |
| 05 Mar 21 | 13,682 | 5,566 | 4,770 | 2,276 |
| 27 Nov 20 | 12,868 | 5,260 | 4,559 | 2,188 |
| 28 Aug 20 | 12,436 | 3,861 | 4,403 | 2,130 |
| 29 May 20 | 12,045 | 3,699 | 4,313 | 2,053 |
| 28 Feb 20 | 11,661 | 3,232 | 4,256 | 1,997 |
| 29 Nov 19 | 11,171 | 2,951 | 4,125 | 1,930 |
| 30 Aug 19 | 10,644 | 2,778 | 4,033 | 1,846 |
| 31 May 19 | 10,101 | 2,652 | 3,855 | 1,756 |
| 01 Mar 19 | 9,552 | 2,682 | 3,611 | 1,654 |
| 30 Nov 18 | 9,030 | 2,591 | 3,366 | 1,538 |
| 31 Aug 18 | 8,572 | 2,414 | 3,173 | 1,446 |
| 01 Jun 18 | 8,122 | 2,167 | 3,017 | 1,362 |
| 02 Mar 18 | 7,699 | 1,879 | 2,903 | 1,288 |
| 01 Dec 17 | 7,302 | 1,694 | 2,822 | 1,224 |
| 01 Sep 17 | 6,903 | 1,592 | 2,722 | 1,158 |
| 02 Jun 17 | 6,526 | 1,443 | 2,645 | 1,091 |
| 03 Mar 17 | 6,153 | 1,313 | 2,536 | 1,024 |
| 02 Dec 16 | 5,854 | 1,169 | 2,486 | 976 |
| 02 Sep 16 | 5,552 | 992 | 2,419 | 939 |
| 03 Jun 16 | 5,306 | 896 | 2,342 | 909 |
| 04 Mar 16 | 5,070 | 799 | 2,299 | 884 |
| 27 Nov 15 | 4,796 | 630 | 2,217 | 863 |
| 28 Aug 15 | 4,562 | 495 | 2,182 | 856 |
Guadagni di qualità: ADBE ha guadagni di alta qualità.
Margine di profitto in crescita: Gli attuali margini di profitto netti di ADBE (28.7%) sono inferiori rispetto allo scorso anno (30.4%).
Flusso di cassa libero e analisi degli utili
Analisi della crescita degli utili nel passato
Andamento degli utili: Gli utili di ADBE sono cresciuti del 8.2% all'anno negli ultimi 5 anni.
Accelerare la crescita: La crescita degli utili di ADBE nell'ultimo anno ( 5.3% ) è inferiore alla media quinquennale ( 8.2% all'anno).
Guadagni vs Settore: La crescita degli utili ADBE nell'ultimo anno ( 5.3% ) non ha superato quella del settore Software 14.4%.
Rendimento del capitale proprio
ROE elevato: Il Return on Equity ( 62.8% ) di ADBE è considerato eccezionale.
Rendimento delle attività
Rendimento del capitale investito
Scoprire le aziende con forti performance passate
Analisi aziendale e situazione dei dati finanziari
| Dati | Ultimo aggiornamento (ora UTC) |
|---|---|
| Analisi dell'azienda | 2026/07/21 21:26 |
| Prezzo dell'azione a fine giornata | 2026/07/21 00:00 |
| Utili | 2026/05/29 |
| Utili annuali | 2025/11/28 |
Fonti dei dati
I dati utilizzati nella nostra analisi aziendale provengono da S&P Global Market Intelligence LLC. I seguenti dati sono utilizzati nel nostro modello di analisi per generare questo report. I dati sono normalizzati, il che può comportare un ritardo nella disponibilità della fonte.
| Pacchetto | Dati | Tempistica | Esempio Fonte USA * |
|---|---|---|---|
| Dati finanziari della società | 10 anni |
| |
| Stime di consenso degli analisti | +3 anni |
|
|
| Prezzi di mercato | 30 anni |
| |
| Proprietà | 10 anni |
| |
| Gestione | 10 anni |
| |
| Sviluppi principali | 10 anni |
|
* Esempio per i titoli statunitensi, per i titoli non statunitensi si utilizzano forme e fonti normative equivalenti.
Se non specificato, tutti i dati finanziari si basano su un periodo annuale ma vengono aggiornati trimestralmente. Si tratta dei cosiddetti dati TTM (Trailing Twelve Month) o LTM (Last Twelve Month). Per saperne di più.
Modello di analisi e Snowflake
I dettagli del modello di analisi utilizzato per generare questo report sono disponibili sulla nostra pagina GitHub; abbiamo anche delle guide su come utilizzare i nostri report e dei tutorial su YouTube.
Scoprite il team di livello mondiale che ha progettato e realizzato il modello di analisi Simply Wall St.
Metriche di settore e industriali
Le nostre metriche di settore e di sezione sono calcolate ogni 6 ore da Simply Wall St; i dettagli del nostro processo sono disponibili su Github.
Fonti analitiche
Adobe Inc. è coperta da 64 analisti. 32 di questi analisti ha fornito le stime di fatturato o di utile utilizzate come input per il nostro report. Le stime degli analisti vengono aggiornate nel corso della giornata.
| Analista | Istituzione |
|---|---|
| Joseph Bonner | Argus Research Company |
| Robert Oliver | Baird |
| Saket Kalia | Barclays |