Adobe is changing the world through digital experiences.

Company profile
Ticker
ADBE
Exchange
Website
CEO
Shantanu Narayen
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Microsoft • Oracle • NortonLifeLock • BlackBerry • Activision Blizzard • Vmware • Ceridian HCM Holding • McAfee • Electronic Arts • Full Truck Alliance ...
Former names
ADOBE SYSTEMS INC
SEC CIK
Corporate docs
Subsidiaries
Adobe Assets, LLC • Adobe Canada Services Corporation • Adobe Colombia SAS • Adobe Labs, Inc. • Adobe Systems Brasil Limitada • Adobe Systems Canada Inc. • Adobe Systems Federal LLC • Adobe Systems Software Chile Limitada • Fotolia Dutch Holding LLC • Fotolia LLC ...
IRS number
770019522
ADBE stock data
News

Check Out What Whales Are Doing With Adobe
12 Aug 22
$100 Invested In This Stock 20 Years Ago Would Be Worth $4,200 Today
12 Aug 22
CNBC's Final Trades: Adobe, Pinnacle, This Automotive Stock And More
12 Aug 22
Target, Lowe's Get CNBC Fast Money Mentions; Here Are The Stocks Steve Weiss Is Buying
11 Aug 22
2022 Returns For Investor And Pandemic Darlings: You Won't Believe This Stock That Is Positive On The Year
10 Aug 22
Press releases
Adobe Digital Price Index: E-Commerce Enters Deflation for the First Time in Over Two Years
9 Aug 22
FC Bayern and Adobe Partner to Redefine Fan Experiences
3 Aug 22
Adobe Digital Price Index: Online Inflation Slows in June to 0.3%
12 Jul 22
Adobe Reports Record Revenue in Q2 Fiscal 2022
16 Jun 22
Adobe Digital Price Index: Online Inflation Continues to Slow in May at 2.0%
9 Jun 22
Analyst ratings and price targets
Current price
Average target
$446.16
Low target
$362.00
High target
$520.00
Morgan Stanley
Downgraded
$362.00
Evercore ISI Group
Maintains
$475.00
UBS
Maintains
$415.00
Stifel
Maintains
$500.00
Baird
Maintains
$450.00
Cowen & Co.
Maintains
$520.00
Deutsche Bank
Maintains
$500.00
Wells Fargo
Maintains
$425.00
Wolfe Research
Maintains
$400.00
B of A Securities
Maintains
$450.00
Mizuho
Maintains
$480.00
Oppenheimer
Maintains
$400.00
Citigroup
Maintains
$380.00
BMO Capital
Maintains
$420.00
Barclays
Maintains
$445.00
Jefferies
Maintains
$500.00
Credit Suisse
Maintains
$425.00
Piper Sandler
Maintains
$430.00
RBC Capital
Maintains
$500.00
Calendar
29 Jun 22
12 Aug 22
2 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Nov 20 | Nov 19 | Nov 18 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 3.37B | 3.37B | 3.37B | 3.37B | 3.37B | 3.37B |
Cash burn (monthly) | (no burn) | 73.75M | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 170.94M | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 3.19B | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 43.3 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
28 Jul 22 | Lewnes Ann | Common Stock | Sell | Dispose S | No | Yes | 400 | 794 | 317.6K | 23,988.051 |
26 Jul 22 | Belsky Scott | Common Stock | Sell | Dispose S | No | Yes | 393.58 | 2,711 | 1.07M | 26,089.051 |
24 Jul 22 | Chen Gloria | Common Stock | Payment of exercise | Dispose F | No | No | 401.9 | 199 | 79.98K | 18,026.02 |
24 Jul 22 | Chen Gloria | Common Stock | Option exercise | Acquire M | No | No | 0 | 402 | 0 | 18,225.02 |
24 Jul 22 | Chen Gloria | Common Stock | Payment of exercise | Dispose F | No | No | 401.9 | 156 | 62.7K | 17,823.02 |
24 Jul 22 | Chen Gloria | Common Stock | Option exercise | Acquire M | No | No | 0 | 315 | 0 | 17,979.02 |
24 Jul 22 | Chen Gloria | Common Stock | Payment of exercise | Dispose F | No | No | 401.9 | 127 | 51.04K | 17,664.02 |
24 Jul 22 | Chen Gloria | Common Stock | Option exercise | Acquire M | No | No | 0 | 258 | 0 | 17,791.02 |
24 Jul 22 | Chen Gloria | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 402 | 0 | 4,021 |
24 Jul 22 | Chen Gloria | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 315 | 0 | 1,892 |
Financial report summary
?Competition
AiAdvertising • WaveDancer • Magic Software Enterprises • Nuance Communications • Formula Systems • PC Connection • Quotient Technology • Flowerkist Skin Care & Cosmetics • Verb Technology • Criteo S.ARisks
- The effects of the COVID-19 pandemic have materially affected how we and our customers are operating our businesses, and the duration and extent to which this will impact our future results of operations and overall financial performance remains uncertain.
- Our competitive position and results of operations could be harmed if we do not compete effectively.
- If we cannot continue to develop, acquire, market and offer new products and services or enhancements to existing products and services that meet customer requirements, our operating results could suffer.
- Introduction of new technology could harm our business and results of operations.
- We may not realize the anticipated benefits of past or future investments or acquisitions, and integration of acquisitions may disrupt our business and management.
- The success of some of our product and service offerings depends on our ability to continue to attract and retain customers of and contributors to our online marketplaces for creative content.
- If our products or platforms are used to create or disseminate objectionable content, particularly misleading content intended to manipulate public opinion, our brand reputation may be damaged, and our business and financial results may be harmed.
- Social and ethical issues relating to the use of new and evolving technologies, such as AI, in our offerings may result in reputational harm and liability.
- Security breaches in data centers we manage, or third parties manage on our behalf, may compromise the confidentiality, integrity or availability of employee and customer data, which could expose us to liability and adversely affect our reputation and business.
- We rely on data centers managed both by Adobe and third parties to host and deliver our services, as well as access, collect, process, use, transmit and store data, and any interruptions or delays in these hosted services, or failures in data collection or transmission could expose us to liability and harm our business and reputation.
- Security vulnerabilities in our products and systems, or in our supply chain, could lead to reduced revenue or to liability claims.
- Some of our enterprise offerings have extended and complex sales cycles, which can make our sales cycles unpredictable.
- If our customers fail to renew subscriptions in accordance with our expectations, our future revenue and operating results could suffer.
- We face various risks associated with our operating as a multinational corporation.
- Our business could be harmed if we fail to effectively manage critical strategic third-party business relationships.
- Failure of our third-party customer service and technical support providers to adequately address customers’ requests could harm our business and adversely affect our financial results.
- If we are unable to recruit and retain key personnel, our business may be harmed.
- Failure to manage our sales, partner and distribution channels effectively could result in a loss of revenue and harm to our business.
- We are subject to risks associated with compliance with laws and regulations globally, which may harm our business.
- Increasing regulatory focus on privacy and security issues and expanding laws could impact our business models and expose us to increased liability.
- Our intellectual property portfolio is a valuable asset and we may not be able to protect our intellectual property rights, including our source code, from infringement or unauthorized copying, use or disclosure.
- We may incur substantial costs defending against third parties alleging that we infringe their proprietary rights.
- Changes in accounting principles, or interpretations thereof, could have a significant impact on our financial position and results of operations.
- Changes in tax rules and regulations, or interpretations thereof, may adversely affect our effective tax rates.
- Contracting with government entities exposes us to additional risks inherent in the government procurement process.
- Subscription offerings could create risks related to the timing of revenue recognition.
- We may incur losses associated with currency fluctuations and may not be able to effectively hedge our exposure.
- If our goodwill or amortizable intangible assets become impaired, then we could be required to record a significant charge to earnings.
- We have issued $4.15 billion of notes in debt offerings and may incur other debt in the future, which may adversely affect our financial condition and future financial results.
- Our investment portfolio may become impaired by deterioration of the financial markets.
- Catastrophic events may disrupt our business.
- Climate change may have a long-term impact on our business.
- Uncertainty about current and future economic conditions and other adverse changes in general political conditions in any of the major countries in which we do business could adversely affect our operating results.
- Revenue, margin or earnings shortfalls or the volatility of the market generally may cause the market price of our stock to decline.
Management Discussion
- •Total Digital Media ARR of approximately $12.95 billion as of June 3, 2022 increased by $795 million, or 7%, from $12.15 billion as of December 3, 2021. The change in our Digital Media ARR is primarily due to new user adoption of our Creative Cloud and Document Cloud offerings, partially offset by an $87 million ARR reduction taken in response to the Russia-Ukraine war.
- •Creative revenue during the three months ended June 3, 2022 of $2.61 billion increased by $287 million, or 12%, compared to the year-ago period. Document Cloud revenue during the three months ended June 3, 2022 of $595 million increased by $126 million, or 27%, compared to the year-ago period. The increases were primarily due to subscription revenue growth associated with our Creative Cloud and Document Cloud offerings.
- •Digital Experience revenue of $1.10 billion during the three months ended June 3, 2022 increased by $157 million, or 17%, compared to the year-ago period. The increase was primarily due to subscription revenue growth across our offerings.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Good
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New words:
central, complicate, counter, footprint, half, Hong, inflation, Japanese, judgement, Kong, minimum, restructured, stemming, supplier, Yen
Removed:
adequacy, cancellation, connect, consistent, enabling, execution, intercompany, invalidation, likelihood, Reader, reserved, Shield, updated
Financial reports
Current reports
8-K
Entry into a Material Definitive Agreement
30 Jun 22
8-K
Adobe Reports Record Revenue in Q2 Fiscal 2022
16 Jun 22
8-K
Submission of Matters to a Vote of Security Holders
19 Apr 22
8-K
Adobe Reports Record Revenue in Q1 Fiscal 2022
22 Mar 22
8-K
Other Events
17 Mar 22
8-K
Departure of Directors or Certain Officers
27 Jan 22
8-K
Departure of Directors or Certain Officers
18 Jan 22
8-K
Departure of Directors or Certain Officers
10 Jan 22
8-K
Adobe Announces Changes to Executive Leadership Team
16 Dec 21
8-K
Company Outlines Strategy for Next Decade of Growth
16 Dec 21
Registration and prospectus
S-3ASR
Automatic shelf registration
4 Feb 22
S-8
Registration of securities for employees
30 Jun 21
S-8
Registration of securities for employees
24 Jun 20
424B2
Prospectus for primary offering
24 Jan 20
FWP
Free writing prospectus
22 Jan 20
424B2
Prospectus for primary offering
22 Jan 20
S-8
Registration of securities for employees
12 Apr 19
S-3ASR
Automatic shelf registration
25 Jan 19
S-8
Registration of securities for employees
27 Jun 18
S-8
Registration of securities for employees
27 Jun 17
Proxies
DEFA14A
Additional proxy soliciting materials
4 Mar 22
DEFA14A
Additional proxy soliciting materials
5 Mar 21
DEFA14A
Additional proxy soliciting materials
26 Mar 20
DEFA14A
Additional proxy soliciting materials
28 Feb 20
DEFA14A
Additional proxy soliciting materials
28 Mar 19
DEFA14A
Additional proxy soliciting materials
4 Mar 19
DEF 14A
Definitive proxy
1 Mar 19
Other
UPLOAD
Letter from SEC
3 Jun 19
CORRESP
Correspondence with SEC
2 Jun 19
UPLOAD
Letter from SEC
20 May 19
CORRESP
Correspondence with SEC
8 May 19
UPLOAD
Letter from SEC
25 Apr 19
SD
Conflict minerals disclosure
18 May 17
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
23 Jan 17
CORRESP
Correspondence with SEC
5 Dec 16
CORRESP
Correspondence with SEC
28 Nov 16
UPLOAD
Letter from SEC
21 Jul 16
Ownership
4
ADOBE / Ann Lewnes ownership change
28 Jul 22
4
ADOBE / Scott Belsky ownership change
28 Jul 22
4
ADOBE / Dana Rao ownership change
26 Jul 22
4
ADOBE / SHANTANU NARAYEN ownership change
26 Jul 22
4
ADOBE / Ann Lewnes ownership change
26 Jul 22
4
ADOBE / Mark S. Garfield ownership change
26 Jul 22
4
ADOBE / Gloria Chen ownership change
26 Jul 22
4
ADOBE / Anil Chakravarthy ownership change
26 Jul 22
4
ADOBE / Scott Belsky ownership change
26 Jul 22
4
ADOBE / Mark S. Garfield ownership change
16 Jun 22
Patents
Utility
Retrieval Aware Embedding
11 Aug 22
Systems and methods for information retrieval are described.
Utility
Machine Learning for Digital Image Selection Across Object Variations
11 Aug 22
Digital image selection techniques are described that employ machine learning to select a digital image of an object from a plurality of digital images of the object.
Utility
Segmenting Users with Sparse Data Utilizing Hash Partitions
11 Aug 22
The present disclosure describes systems, non-transitory computer-readable media, and methods for utilizing hash partitions to determine local densities and distances among users (or among other represented data points) for clustering sparse data into segments.
Utility
Automated Digital Tool Identification from a Rasterized Image
11 Aug 22
A visual lens system is described that identifies, automatically and without user intervention, digital tool parameters for achieving a visual appearance of an image region in raster image data.
Utility
Knowledge-derived Search Suggestion
11 Aug 22
The present disclosure describes systems and methods for information retrieval.
Transcripts
2022 Q2
Earnings call transcript
17 Jun 22
2022 Q1
Earnings call transcript
23 Mar 22
2021 Q4
Earnings call transcript
16 Dec 21
2021 Q3
Earnings call transcript
22 Sep 21
2021 Q2
Earnings call transcript
18 Jun 21
2021 Q1
Earnings call transcript
24 Mar 21
2020 Q4
Earnings call transcript
10 Dec 20
2020 Q3
Earnings call transcript
16 Sep 20
2020 Q2
Earnings call transcript
12 Jun 20
2020 Q1
Earnings call transcript
13 Mar 20
Reddit threads
Bull Rally or Bull Trap?
10 Aug 22
Dividend Vs Growth at a young age
9 Aug 22
Rate My Portfolio
8 Aug 22
NASDAQ: ADBE Beats Earnings;
5 Aug 22
Dividends seem to be the only way to go?
4 Aug 22
Finding Numbers - Does this even make sense?
2 Aug 22
What companies have the most trustworthy, consistent, and successful management in your view and why? And which have the worst?
1 Aug 22
Is it a good time to invest or should I wait?
31 Jul 22
Favorite growth tech stocks ?
31 Jul 22
Any stocks with market cap bigger than $10B that are positioned as global or local monopolies+oligopolies with more than 10% upside potential? I will start with one:
25 Jul 22