ADBE

If you’re on X (formerly known as “twitter”), you may be under the impression that Adobe’s growth has accelerated in FY 2Q’26 as I noticed quite a few posts mentioning how total ARR has finally accelerated last quarter. Unfortunately, Adobe’s ARR included $480 million from the

At first glance, everything seems to be chugging along just fine at Adobe. Their earnings yesterday continued to show that revenue is still growing at double digit rate with operating margins remaining quite stable. In fact, Adobe mentioned their ARR from “AI first” offering tripled YoY with monthly active users

Hendrik Bessembinder's research indicates that ~4% of companies account for virtually all the excess return over the one-month Treasury bill rate in the US stock market since 1926. You have probably already come across this study before, but one of my inferences from this study was we

Disclosure: I own shares of Adobe Adobe just had its Annual Creativity Conference: MAX as well as its Analyst Day. I wanted to write an update based on more data points that were disclosed on the Analyst day.  If you are not up to speed on the business, I encourage