Adobe reports – Adobe will report Q2 earnings this Thursday after market close. Ahead of the release, the market expects revenue growth of 9.8% year over year, following last quarter’s $6.40 billion revenue and a strong track record that helped lift investor expectations in t
The moment markets shut their doors, Adobe plans to step back into the spotlight.
Creative software giant Adobe (NASDAQ: ADBE) is set to report earnings this Thursday after market close, a timing that matters for traders and for anyone watching how the rest of the software market is likely to move.
Last quarter, Adobe beat analysts’ revenue expectations with revenues of $6.40 billion, up 12% year on year. It also delivered what the market wanted to hear: an impressive beat of analysts’ billings estimates, along with EPS guidance for next quarter that beat analysts’ expectations.
Now the question is whether that momentum holds. This quarter, the market is expecting Adobe’s revenue to grow 9.8% year on year, which is in line with the 10.6% increase it recorded in the same quarter last year.
In the run-up to the report. most of the analysts covering the company have reconfirmed their estimates over the last 30 days. That suggests they expect the business to keep “on the course” as earnings approach. Adobe also has a history of exceeding Wall Street’s expectations. and it’s an important detail for investors deciding how much optimism to carry into Thursday’s numbers.
There’s another layer to the setup: Adobe is the first among its peers to report earnings this season. That means there won’t be a nearby comparison point at the same time to judge what “good” looks like for vertical software stocks.
Still, investor sentiment has found a foothold. Share prices in the segment are up 3.4% on average over the last month. Against that backdrop, Adobe is down 3.2% during the same time.
The sequence going into Thursday is sharp. Adobe’s last report carried strong beats—$6.40 billion in revenue. billings ahead. and EPS guidance beating expectations—while this quarter’s market expectation is more measured at 9.8% revenue growth. Analysts have largely stuck with their forecasts for the past 30 days. and the broader vertical software mood has improved even as Adobe’s own shares have slipped over the last month.
Adobe earnings ADBE Q2 earnings NASDAQ:ADBE revenue growth billings estimates EPS guidance