Adobe Q2 2022 Earnings Report
Key Takeaways
Adobe reported record revenue of $4.39 billion in Q2 fiscal year 2022, representing 14% year-over-year growth. Diluted earnings per share was $2.49 on a GAAP basis and $3.35 on a non-GAAP basis. Cash flows from operations were $2.04 billion.
Adobe achieved record Q2 revenue with strong demand across Creative Cloud, Document Cloud and Experience Cloud.
Delivered another quarter of strong financial results, with greater than $2 billion in operating cash flows.
Digital Media segment revenue was $3.20 billion, representing 15 percent year-over-year growth.
Net New Digital Media Annualized Recurring Revenue was $464 million, exiting the quarter with Digital Media ARR of $12.95 billion.
Adobe
Adobe
Adobe Revenue by Segment
Forward Guidance
Adobe is providing third quarter and updated full fiscal year 2022 targets that factor in the increase in effective tax rates, the impact of the ongoing war in Ukraine, an incremental FX headwind, and summer seasonality in Q3 followed by a sequentially strong Q4.
Revenue & Expenses
Visualization of income flow from segment revenue to net income