Adobe (ADBE) Reports Q2: Everything You Need To Know Ahead Of Earnings

Creative software giant Adobe (NASDAQ:ADBE) will be reporting earnings this Thursday after market close. Here’s what you need to know.

Adobe beat analysts’ revenue expectations last quarter, reporting revenues of $6.40 billion, up 12% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ billings estimates and EPS guidance for next quarter beating analysts’ expectations.

Is Adobe a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Adobe’s revenue to grow 9.8% year on year, in line with the 10.6% increase it recorded in the same quarter last year.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Adobe has a history of exceeding Wall Street’s expectations.

With Adobe being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unfold for vertical software stocks. However, there has been positive investor sentiment in the segment, with share prices up 3.4% on average over the last month. Adobe is down 3.2% during the same time .

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