NASDAQ$ADBE
Adobe Systems Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Adobe's second quarter of fiscal year 2021 resulted in revenue growth of 23% year-over-year, driving record cash flows from operations of $1.99 billion.
Adobe's Q2 2021 was strong, with a 23% year-over-year revenue growth, reaching $3.84 billion. The company's Digital Media segment, including Creative and Document Cloud, drove significant growth. Record cash flows from operations reached $1.99 billion.
- Adobe achieved quarterly revenue of $3.84 billion, representing 23 percent year-over-year growth.
- Digital Media segment revenue was $2.79 billion, a 25 percent year-over-year growth.
- Digital Media Annualized Recurring Revenue (ARR) increased $518 million quarter-over-quarter to $11.21 billion.
- Cash flows from operations were a record $1.99 billion.
Headline financials
Revenue & EPS history
Adobe · Revenue · Quarterly
$3.84B
Revenue by segment
Adobe · $3.73B total across 2 segments · Q2 2021
- Digital Media$2.79B+25.1%74.8%
- Digital Experience$938M+13.6%25.2%
Forward guidance
Adobe is providing third quarter financial targets factoring current macroeconomic conditions and expected return of summer seasonality associated with the months of June, July and August.
Tailwinds
- Total revenue ~$3.88 billion
- Digital Media segment revenue~22 percent year-over-year growth
- Digital Media annualized recurring revenue (ARR)~$440 million of net new ARR
- Digital Experience segment revenue~21 percent year-over-year growth
- Digital Experience subscription revenue~25 percent year-over-year growth
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2021
-0.5%
Avg return
Earnings day
-1.7%
Avg return
5 days after
-0.3%
Avg return
30 days after
43%
32 / 74 earnings
Positive
+14.2%
Q2 2024
Best reaction
-19.4%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | -1.2% | -4.6% | — | |
| Q1 2026 | -0.1% | -8.8% | -16.5% | |
| Q4 2025 | +1.6% | +1.4% | -2.7% | |
| Q3 2025 | -3.4% | +3.3% | -3.7% | |
| Q2 2025 | -0.8% | -0.3% | -5.0% | |
| Q1 2025 | -13.9% | -10.8% | -19.6% | |
| Q4 2024 | -13.2% | -15.6% | -25.8% | |
| Q3 2024 | -7.5% | -11.3% | -14.6% | |
| Q2 2024 | +14.2% | +13.6% | +21.6% | |
| Q1 2024 | -14.1% | -9.1% | -17.3% | |
| Q4 2023 | -7.7% | -5.4% | -5.9% | |
| Q3 2023 | -4.5% | -2.1% | -0.9% | |
| Q2 2023 | +3.3% | +1.3% | +7.4% | |
| Q1 2023 | +6.0% | +8.9% | +13.8% | |
| Q4 2022 | -0.4% | -0.5% | +1.3% | |
| Q3 2022 | -19.4% | -21.7% | -22.5% | |
| Q2 2022 | -4.3% | -3.7% | +0.8% | |
| Q1 2022 | -6.8% | -4.8% | -8.0% | |
| Q4 2021 | -11.7% | -11.6% | -17.4% | |
| Q3 2021 | -2.4% | -2.9% | -0.4% | |
| Q2 2021 | +4.1% | +6.0% | +11.6% | |
| Q1 2021 | -0.2% | +3.7% | +12.1% | |
| Q4 2020 | -1.6% | -0.2% | +0.3% | |
| Q3 2020 | -2.0% | -3.8% | +3.1% | |
| Q2 2020 | -0.1% | +1.2% | +14.6% | |
| Q1 2020 | +6.4% | -1.1% | +1.1% | |
| Q4 2019 | +4.7% | +6.3% | +11.9% | |
| Q3 2019 | -1.1% | -1.8% | -4.8% | |
| Q2 2019 | +5.7% | +8.6% | +12.5% | |
| Q1 2019 | -2.8% | -1.5% | +2.8% | |
| Q4 2018 | -6.3% | -7.9% | -3.3% | |
| Q3 2018 | +2.6% | +1.1% | -7.1% | |
| Q2 2018 | -1.7% | -1.7% | +1.0% | |
| Q1 2018 | +3.3% | +5.2% | +2.6% | |
| Q4 2017 | +0.4% | -1.1% | +10.3% | |
| Q3 2017 | -3.7% | -4.7% | +10.2% | |
| Q2 2017 | +2.8% | +3.6% | +6.8% | |
| Q1 2017 | +4.0% | +2.4% | +5.7% | |
| Q4 2016 | -2.1% | -0.0% | +2.6% | |
| Q3 2016 | +8.1% | +7.8% | +9.4% | |
| Q2 2016 | -4.1% | -5.9% | -1.7% | |
| Q1 2016 | +6.0% | — | — | |
| Q4 2015 | +2.1% | — | — | |
| Q3 2015 | +0.9% | — | — | |
| Q2 2015 | -1.3% | — | — | |
| Q1 2015 | -1.8% | — | — | |
| Q4 2014 | +8.8% | — | — | |
| Q3 2014 | -4.2% | — | — | |
| Q2 2014 | +8.1% | — | — | |
| Q1 2014 | -0.8% | — | — | |
| Q4 2013 | +11.4% | — | — | |
| Q3 2013 | +9.2% | — | — | |
| Q2 2013 | +5.5% | — | — | |
| Q1 2013 | +3.4% | — | — | |
| Q4 2012 | +4.5% | — | — | |
| Q3 2012 | +6.0% | — | — | |
| Q2 2012 | -2.0% | — | — | |
| Q1 2012 | -2.0% | — | — | |
| Q4 2011 | -0.9% | — | — | |
| Q3 2011 | +1.7% | — | — | |
| Q2 2011 | +2.1% | — | — | |
| Q1 2011 | -0.9% | — | — | |
| Q4 2007 | -3.1% | — | — | |
| Q4 2010 | -3.1% | — | — | |
| Q3 2010 | -5.0% | — | — | |
| Q2 2010 | -5.6% | — | — | |
| Q1 2010 | +0.2% | — | — | |
| Q1 2009 | +0.2% | — | — | |
| Q4 2009 | -4.6% | — | — | |
| Q3 2009 | -2.1% | — | — | |
| Q3 2008 | -2.1% | — | — | |
| Q2 2008 | +0.4% | — | — | |
| Q2 2009 | +0.4% | — | — | |
| Q4 2008 | +0.4% | — | — |
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