以下部分引用 AI 总结，现阶段 AI 仍然有幻觉。请以内容的原文为准。

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ADBE

216 atoms · 跨 30 天 · 首见 2026-04-15 · 最近 2026-07-02

三色: 🟦 fact 167 · 🟥 take 49 · stance ▲59/▼64/◆27

叙事状态: ⚔️ contested (分歧) · 📉 放缓 · 策展近14d 2 atom · 🐦 X 近14d 8

状态只算低频策展源 (群/卖方); X firehose 仅作背景音量

来源: X 147 · 卖 7

时态: fresh:202 · aging:8 · stale:6

标签: 好数字:130 · 好信源:51 · 好观点:49 · 好思考:11

🟨 AI 综合 · junior analyst 概览

展开 AI 综合 (灰色 · 非市场结论 · 点击数字溯源到原 atom)

model: deepseek-chat · 2026-07-12 · 默认折叠

ADBE Q2 营收、EPS 和 RPO 均超预期，AI-first ARR 更录得超过5亿美元，同比增长200% ¹ ¹ ¹ ¹. 多头认为其订阅率约97%、毛利率约90%、营运利润率约45%，属顶级软件资产 ¹，且免费增值策略意在触达更多需求而非仅防御AI竞争 ¹. 即便营收仅有5%增长，隐含CAGR仍可达15% ¹，分析师还看到ARR环比有望企稳 ¹. 但空头指出投资者热度已降至“没人关心这个公司”的程度 ¹，且新CEO上任后可能下修FY27预期，当前市场8-9%的营收增长预估仍可能过高 ¹ ¹. 市场情绪在新领导就位前难以改善 ¹，股价已创新低，Philip Secs将评级下调至持有 ¹ ¹.

🧭 拥挤度 (一人一票): ▲ 7 位作者 (KOL6 · TMTB1) vs ▼ 11 位作者 (KOL9 · 卖方1 · TMTB1)

⚖️ 空头 9/11 来自KOL

📄 广泛报道的事实 · 3 个

展开 (多人转述同一事实/数字 — 确认度高, **非独立观点**, 不标多空)

AI-first ARR — 2 源报道 · Xnewsletter
Current price is $245.44 — 3 源报道 (含2快讯) · X
FY26有机ARR展望下调金额 — 2 源报道 (含1快讯) · Xnewsletter

💢 核心分歧 (4 轴)

1. AI 商业化进展 vs 竞争加剧拖累

*topic: 产品发布/竞争格局 · 11 bull vs 3 bear*

🟢 bullish 侧:

<a id="atom-b7bb28ec8c437d6d"></a>2026-04-15 X·@AIStockSavvy · Firefly AI Assistant 发布 · 产品发布 +同日4条
$ADBE Adobe Launches Firefly AI Assistant for Creative Workflows
tags: 好观点 · → daily
<a id="atom-0e41b26c842c596a"></a>2026-04-20 X·@wallstengine · launching CX Enterprise AI agent platform · 产品发布/合作客户
WSJ: Adobe $ADBE is launching CX Enterprise, an AI agent platform for businesses, and partnering with 30+ companies including Microsoft, Anthropic, OpenAI, Nvidia and AWS. Customers will be able to use AI agents across platforms for marketing tasks.
tags: 好信源 · → daily
[图: Adobe Inc. (ADBE) 的股价走势图，显示收盘价及盘前交易价格和涨幅 — 收盘价: $244.45; 盘前价: $250.20; 盘前涨幅: +2.35%; 前收盘价: $244.45]
📷 原图
<a id="atom-72b0fd5de81619cf"></a>2026-05-30 X·@HatedMoats · 企业级市场颠覆难度 · 竞争格局
$ADBE is virtually impossible to disrupt on enterprise level
tags: 好观点 · → daily
📷 原图
<a id="atom-9e4367e18baf883f"></a>2026-06-05 X·@AIStockSavvy · Experience Cloud驱动企业钱包份额增长 · 营收/竞争格局
highlights the Experience Cloud as the primary driver for expanding wallet share in the enterprise
tags: 好观点 · → daily
value: direction=增长
📷 原图
<a id="atom-1d4b52dddb67f68f"></a>2026-06-11 X·@StockSavvyShay ⭐ · AI-first ARR · 产品发布
AI-first ARR: >$500M (+200% YoY)
tags: 好数字·好信源 · → daily
value: qty=>$500M · date=Q2 FY2026
📷 原图

🔴 bearish 侧:

<a id="atom-86f61b6ed268c933"></a>2026-04-27 X·@AIStockSavvy [老化中] · Intensifying competition weighing on outlook · 竞争格局
Analyst sees intensifying competition and limited growth visibility, with balanced risk/reward and lack of catalysts weighing on outlook
tags: 好观点 · → daily
[图: 瑞穗证券（Mizuho）下调 Adobe (ADBE) 股票评级与目标价的分析师报告摘要图表 — 新目标价 (Price Target): $270.00; 原目标价 (Previous PT): $315.00; 目标价降幅 (Change %): -14.3%; 当前股价 (Current Price): $245.44; 潜在上涨空间 (Ups
📷 原图
<a id="atom-f26e3a408e0a9973"></a>2026-06-10 X·@ShanghaoJin · 担心被AI取代 · 竞争格局
他们是担心被AI取代
tags: 好观点 · → daily
<a id="atom-0765003e3bb87aad"></a>2026-06-11 X·@PatrickMoorhead · 策略性质 · 竞争格局/策略调整
This is a strategy reset, not to be confused with a demand miss. More like investment protection. It’s a defensive position for sure.
tags: 好观点 · → daily
value: direction=防御性

展开 5 条中性

<a id="atom-3c88bb99907bd021"></a>2026-04-15 X·@AIStockSavvy · Firefly AI Assistant 上下文保持 · 产品发布
Maintains context across sessions and integrates with https://t.co/M4LlkDyhql
tags: 好观点 · → daily
<a id="atom-bc7b0725e3d1b46d"></a>2026-06-07 X·@PatrickMoorhead · AI对软件影响力的判断 · 竞争格局
$ADBE is the other read, and a different one: whether AI is a tailwind for software or a threat to it.
tags: 好观点 · → daily
<a id="atom-af8ffa8e30bbbd4a"></a>2026-06-22 X·@wallstengine · CX Enterprise and CX Enterprise Coworker deployed for personalized customer experiences · 产品发布
The partnerships are focused on deploying Adobe CX Enterprise and CX Enterprise Coworker for personalized customer experiences.
tags: 好数字 · → daily

2. 25B 回购 vs 管理层动荡

*topic: 回购分红/人事变动 · 1 bull vs 3 bear*

🟢 bullish 侧:

<a id="atom-5e486dcd453ac384"></a>2026-04-22 X·@zerohedge ⭐ · 宣布 $25B 回购授权 · 回购分红
ADBE (Adobe) announced a $25B buyback authorization, which is 25% of the market cap at the present time
tags: 好数字·好信源 · → daily
value: qty=$25B · date=2026-04-22

🔴 bearish 侧:

<a id="atom-6f5dcd8299a55d4e"></a>2026-06-11 X·@TheTranscript_ · CEO and CFO leaving · 人事变动
$ADBE CEO and CFO leaving Adobe
tags: 好信源 · → daily
value: date=2026-06-11
<a id="atom-26d4edc1a766c5d8"></a>2026-06-11 X·@HyperTechInvest · CEO离职 · 人事变动 +同日1条
the CEO, and now the CFO, exit the company
tags: 好信源 · → daily
[图: Adobe (ADBE) 股票价格走势图，显示其在交易日及盘后交易中的下跌趋势。 — 当前价格: $206.67; 昨日下跌: $14.58 (6.25%); 昨日收盘价: $218.80; 盘后下跌: $12.13 (5.54%)]
📷 原图

3. 指引超预期 vs 下半年 ARR 主动下调

*topic: 业绩指引/营收 · 16 bull vs 14 bear*

🟢 bullish 侧:

<a id="atom-5b1a9a165c50a51f"></a>2026-06-05 X·@AIStockSavvy · ARR潜在稳定趋势 · 营收
Analyst sees potential for q/q ARR stabilization
tags: 好观点 · → daily
value: direction=环比改善
📷 原图
<a id="atom-8d6fc5ca0a23be3c"></a>2026-06-11 X·@AIStockSavvy · 营收超预期比率 · 营收
Revenue Beat: +2.64%
tags: 好数字 · → daily
value: qty=+2.64% · date=Q2-2026 · direction=up
[图: Adobe公司2026财年第二季度财报业绩及未来财务展望信息图 — 实际每股收益 (Actual EPS): 5.96美元; 实际营收 (Actual Revenue): 6.62B; 每股收益超预期 (EPS Beat): +2.58%; 营收超预期 (Revenue Beat): +2.64%; 下季度总营收指引 (Next Quarter To
📷 原图
<a id="atom-6d0944896b4d35b6"></a>2026-06-11 X·@StockSavvyShay ⭐ · Q2 sales · 营收 +同日4条
$ADBE Q2 EARNINGS • Sales $6.62B vs Est. $6.46B
tags: 好数字·好信源 · → daily
value: qty=$6.62B · date=Q2 FY2026
📷 原图
<a id="atom-e5176fded7d7da2d"></a>2026-06-11 X·@Techmeme · annual forecast raised · 业绩指引
Adobe raises its annual forecasts
tags: 好信源 · → daily
value: direction=up · date=FY2025
<a id="atom-7e30498968866302"></a>2026-06-12 newsletter·ADBE · Firefly ARR · 营收 +同日7条
Firefly ARR approaching $300M
tags: 好数字 · → daily
value: qty=接近$300M

🔴 bearish 侧:

<a id="atom-e7e6e12c38f3e42b"></a>2026-04-27 X·@AIStockSavvy [老化中] · Limited growth visibility · 营收 +同日1条
limited growth visibility
tags: 好观点 · → daily
[图: 瑞穗证券（Mizuho）下调 Adobe (ADBE) 股票评级与目标价的分析师报告摘要图表 — 新目标价 (Price Target): $270.00; 原目标价 (Previous PT): $315.00; 目标价降幅 (Change %): -14.3%; 当前股价 (Current Price): $245.44; 潜在上涨空间 (Ups
📷 原图
<a id="atom-32f6871fd5a62947"></a>2026-06-11 X·@PatrickMoorhead · 个人订阅 ARR 下降原因 · 营收/业绩指引 +同日1条
Deliberately lowering second-half ARR from individual subscribers to fund a bigger freemium push across Firefly, Express, and Acrobat.
tags: 好思考 · → daily
<a id="atom-d623b54f51f6b963"></a>2026-06-12 X·@AIStockSavvy · FY26有机ARR展望下调金额 · 业绩指引/营收
FY26 organic ARR outlook down by: ~$500mn
tags: 好数字·好信源 · → daily
value: qty=~$500mn · date=FY26
[图: Evercore ISI 对 Adobe (ADBE) 评级下调及目标价调整的分析师报告摘要图 — New Target: $225.00; Price Target Cut: -30.77%; Current Price: $218.80; Projected Upside: +2.83%; FY26 organic ARR outlook dow
📷 原图
<a id="atom-5dd838467d0ef8dc"></a>2026-06-11 newsletter·ADBE · 年度经常性收入(ARR)增长 · 财报/营收
ARR includes $450M+ from semrush so only grew 10%, down from close to 11% last q
tags: 好数字 · → daily
value: qty=10% (excl. Semrush $450M+)
<a id="atom-da7f0e927ec55799"></a>2026-06-12 newsletter·ADBE · FY26有机ARR影响 · 营收/ARR +同日6条
The combined hit is ~$480-500M (~2pp) to organic FY26 ARR, split roughly half pricing deferral, half freemium.
tags: 好数字 · → daily
value: qty=~$480-500M (约2pp)

展开 7 条中性

<a id="atom-f74ddf735e3ef642"></a>2026-06-11 X·@AIStockSavvy · 实际营收 · 营收
Revenue: 6.62B
tags: 好数字 · → daily
value: qty=6.62B · date=Q2-2026 · direction=na
[图: Adobe公司2026财年第二季度财报业绩及未来财务展望信息图 — 实际每股收益 (Actual EPS): 5.96美元; 实际营收 (Actual Revenue): 6.62B; 每股收益超预期 (EPS Beat): +2.58%; 营收超预期 (Revenue Beat): +2.64%; 下季度总营收指引 (Next Quarter To
📷 原图
<a id="atom-7a35743cc997e2f6"></a>2026-06-11 X·@PatrickMoorhead · 下半年 ARR 策略 · 策略调整/业绩指引
@Adobe is choosing to lower second-half ARR from individual subscribers to go all-in on a freemium funnel for Firefly, Express and Acrobat, and is deferring Creative Cloud price optimizations
tags: 好信源 · → daily
value: direction=减少
<a id="atom-deb6619be6f4ec77"></a>2026-06-12 X·@AIStockSavvy · Evercore ISI对催化剂路径判断 · 业绩指引
an uncertain catalyst path for Adobe
tags: 好观点 · → daily
value: direction=不确定
[图: Evercore ISI 对 Adobe (ADBE) 评级下调及目标价调整的分析师报告摘要图 — New Target: $225.00; Price Target Cut: -30.77%; Current Price: $218.80; Projected Upside: +2.83%; FY26 organic ARR outlook dow
📷 原图
<a id="atom-97bea8f736980646"></a>2026-06-08 newsletter·第三方分析师 · Firefly和汇率组合抵消有限的席位增长 · 营收/竞争
...as CC mix tailwinds and Firefly offset limited seat growth
tags: 好观点 · → daily
<a id="atom-bb9cd1a1f7715cbf"></a>2026-06-12 newsletter·ADBE · FY26总ARR增速 · 营收/ARR
FY26 total ARR growth held at 10.2%
tags: 好数字 · → daily
value: qty=10.2%

4. 机构降级抛售 vs 现金流估值安全垫

*topic: 评级目标价/仓位情绪/估值 · 11 bull vs 15 bear*

🟢 bullish 侧:

<a id="atom-39ac6c98beeff9c0"></a>2026-05-19 X·@nft_hu · 股价表现 · 价格动态/仓位情绪
大盘回调的背景下，软件股 $ADBE 展现了相当的韧性。
tags: 好观点 · → daily
value: direction=韧性
<a id="atom-6c994e1e06a4176e"></a>2026-05-22 X·@AdamoMancino [老旧] · 当前投资持仓方向 · 仓位情绪
I am already balls long!
tags: 好思考 · → daily
<a id="atom-b0237c1c234756e6"></a>2026-06-05 X·@AIStockSavvy [老旧] · RBC Capital评级 · 评级目标价 +同日1条
$ADBE | 𝐑𝐁𝐂 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐫𝐞𝐢𝐭𝐞𝐫𝐚𝐭𝐞𝐬 𝐎𝐮𝐭𝐩𝐞𝐫𝐟𝐨𝐫𝐦 on 𝐀𝐝𝐨𝐛𝐞
tags: 好观点 · → daily
value: direction=重申看多
📷 原图
<a id="atom-0229c0c56f4c40ad"></a>2026-06-11 X·@AIStockSavvy ⭐ [老旧] · Wells Fargo 评级 · 评级目标价
Wells Fargo maintains Buy on Adobe, maintains PT at $330
tags: 好数字·好观点·好信源 · → daily
value: qty=Buy · date=2026-06-12
📷 原图
<a id="atom-0c11320f4cbe9ea7"></a>2026-06-18 X·@Saladinbraham · Implied CAGR on 5% revenue growth · 盈利能力/估值
Even if Rev only grows 5% we still get a 15% CAGR here
tags: 好思考 · → daily
value: qty=15%

🔴 bearish 侧:

<a id="atom-5cbe2dbe8303742c"></a>2026-04-17 X·@AIStockSavvy [老旧] · PT目标价 · 评级目标价
RBC reiterates Outperform, cuts PT to $350
tags: 好数字·好信源 · → daily
value: qty=$350.00 · date=2026-04-17
[图: RBC Capital关于Adobe的分析师评级、目标价下调及业绩展望摘要表 — 新目标价 (PT): $350.00; 原目标价 (PT): $400.00; 目标价降幅: -12.5%; 当前价格: $248.16; 潜在上涨空间: +41.0%]
📷 原图
<a id="atom-75ca19e86e1f4290"></a>2026-04-27 X·@AIStockSavvy [老化中] · Mizuho downgrades to Neutral · 评级目标价 +同日2条
$ADBE | 𝐀𝐝𝐨𝐛𝐞: Mizuho 𝐝𝐨𝐰𝐧𝐠𝐫𝐚𝐝𝐞𝐬 𝐭𝐨 𝐍𝐞𝐮𝐭𝐫𝐚𝐥
tags: 好信源 · → daily
value: direction=down
[图: 瑞穗证券（Mizuho）下调 Adobe (ADBE) 股票评级与目标价的分析师报告摘要图表 — 新目标价 (Price Target): $270.00; 原目标价 (Previous PT): $315.00; 目标价降幅 (Change %): -14.3%; 当前股价 (Current Price): $245.44; 潜在上涨空间 (Ups
📷 原图
<a id="atom-3cf8dca18a9104ec"></a>2026-05-14 X·@CoorsLightCEO · 持有者定位 · 仓位情绪
bagholder in chief. one of us.
tags: 好观点 · → daily
<a id="atom-0dfdef6f611188a4"></a>2026-06-12 X·@AIStockSavvy · Evercore ISI评级 · 评级目标价 +同日4条
Evercore ISI downgrades Adobe to In Line
tags: 好信源 · → daily
value: direction=下调至In Line
[图: Evercore ISI 对 Adobe (ADBE) 评级下调及目标价调整的分析师报告摘要图 — New Target: $225.00; Price Target Cut: -30.77%; Current Price: $218.80; Projected Upside: +2.83%; FY26 organic ARR outlook dow
📷 原图
<a id="atom-48079bce042ef8ce"></a>2026-06-12 X·@heartof_thesea · FCF Multiple 跌幅 · 估值
FCF Multiple down closer to 80%!
tags: 好数字 · → daily
value: qty=80% · direction=down

展开 3 条中性

<a id="atom-efa1b737626516bf"></a>2026-04-27 X·@AIStockSavvy [老化中] · Balanced risk/reward · 仓位情绪
balanced risk/reward
tags: 好观点 · → daily
[图: 瑞穗证券（Mizuho）下调 Adobe (ADBE) 股票评级与目标价的分析师报告摘要图表 — 新目标价 (Price Target): $270.00; 原目标价 (Previous PT): $315.00; 目标价降幅 (Change %): -14.3%; 当前股价 (Current Price): $245.44; 潜在上涨空间 (Ups
📷 原图
<a id="atom-a0611f22faa295d5"></a>2026-06-08 X·@AIStockSavvy · Mizuho 目标价 · 评级目标价
Mizuho 维持 Adobe PT at $270
tags: 好数字 · → daily
value: qty=$270 · date=
[图: Mizuho 针对 Adobe (ADBE) 的卖方分析师评级、目标价及业绩前瞻更新图表 — 目标价 (Price Target): $270.00; 当前价格 (Current Price): $251.44; 预测上涨空间 (Projected Upside): +7.38%; 估值 (Valuation): 8.5x CY27E EV/FCF;
📷 原图
<a id="atom-ca5470d4315d1212"></a>2026-06-12 X·@fiscal_ai · 自由现金流收益率 · 现金流/估值
Adobe is now trading at nearly a 13% Free Cash Flow Yield.
tags: 好数字 · → daily
value: qty=12.72% · direction=nearly 13%
[图: Adobe (ADBE) 2016年至2026年自由现金流收益率 (Free Cash Flow Yield) 历史走势图 — 最新自由现金流收益率: 12.72%; 总变化率 (Total Change): 354.22%; 年复合增长率 (CAGR): 15.4%]
📷 原图

🔗 因果传导 (causal map)

*ADBE 在产业链上的传导关系. 边是群里/卖方陈述的因果 (非 AI 推断), 数字 = 几条 atom 支撑. 点 atom 溯源.*

↑ 上游·近期陈述 (1)

🔴 Meta · 竞争 · 1 次陈述
$META will soon offer an AI ad creation tool to compete with $ADBE

📏 估计带 (6)

*语料内对同一量的估计区间 (≥2 个估计才成带). 不判断谁对, 只陈列.*

营收 FY26: $490M – $26.6B · 3 个估计 · 最新 2026-06-12 $490M (newsletter·cred4)
营收 FY26: 8% – 22.5% · 3 个估计 · 最新 2026-06-12 22.5% (newsletter·cred4)
营收未标期限 ⚠混合口径: $300M – $500M · 4 个估计 · 最新 2026-06-12 $300M (newsletter·cred4)
营收未标期限 ⚠混合口径: 10% – 30% · 3 个估计 · 最新 2026-06-12 25% (newsletter·cred4)

🟦 客观事实 (facts) (30)

<a id="atom-0229c0c56f4c40ad"></a>🟦 2026-06-11 X·@AIStockSavvy ⭐ [老旧] · Wells Fargo 评级 · 评级目标价
Wells Fargo maintains Buy on Adobe, maintains PT at $330
tags: 好数字·好观点·好信源 · → daily
value: qty=Buy · date=2026-06-12
📷 原图
<a id="atom-6d0944896b4d35b6"></a>🟦 2026-06-11 X·@StockSavvyShay ⭐ · Q2 sales · 营收
$ADBE Q2 EARNINGS • Sales $6.62B vs Est. $6.46B
tags: 好数字·好信源 · → daily
value: qty=$6.62B · date=Q2 FY2026
📷 原图
<a id="atom-a29bc40ef143472c"></a>🟦 2026-06-11 X·@StockSavvyShay ⭐ · Q2 EPS · 盈利能力
$ADBE Q2 EARNINGS • EPS $5.96 vs Est. $5.82
tags: 好数字·好信源 · → daily
value: qty=$5.96 · date=Q2 FY2026
📷 原图
<a id="atom-67192183b18c1c08"></a>🟦 2026-06-11 X·@StockSavvyShay ⭐ · Q2 RPO · 订单需求
$ADBE Q2 EARNINGS • RPO $22.3B vs. Est. $22.1B
tags: 好数字·好信源 · → daily
value: qty=$22.3B · date=Q2 FY2026
📷 原图
<a id="atom-1d4b52dddb67f68f"></a>🟦 2026-06-11 X·@StockSavvyShay ⭐ · AI-first ARR · 产品发布
AI-first ARR: >$500M (+200% YoY)
tags: 好数字·好信源 · → daily
value: qty=>$500M · date=Q2 FY2026
📷 原图
<a id="atom-36377108ac1be2f8"></a>🟦 2026-06-11 X·@StockSavvyShay ⭐ · Q3 sales guidance · 业绩指引
Q3 Guidance • Sales $6.7B vs Est. $6.5B
tags: 好数字·好信源 · → daily
value: qty=$6.7B · date=Q3 FY2026
📷 原图
<a id="atom-7f1508e942eb5aec"></a>🟦 2026-06-11 X·@StockSavvyShay ⭐ · Q3 EPS guidance · 业绩指引
Q3 Guidance • EPS $6.08 vs Est. $5.77
tags: 好数字·好信源 · → daily
value: qty=$6.08 · date=Q3 FY2026
📷 原图
<a id="atom-958c65e2d80674c1"></a>🟦 2026-06-11 X·@StockSavvyShay ⭐ · FY2026 sales guidance · 业绩指引
2026 Outlook • Sales $26.6B vs Est. $26.1B
tags: 好数字·好信源 · → daily
value: qty=$26.6B · date=FY2026
📷 原图
<a id="atom-cdde3e234633bb07"></a>🟦 2026-06-11 X·@StockSavvyShay ⭐ · FY2026 EPS guidance · 业绩指引
2026 Outlook • EPS $24.40 vs Est. $23.56
tags: 好数字·好信源 · → daily
value: qty=$24.40 · date=FY2026
📷 原图
<a id="atom-5e486dcd453ac384"></a>🟦 2026-04-22 X·@zerohedge ⭐ · 宣布 $25B 回购授权 · 回购分红
ADBE (Adobe) announced a $25B buyback authorization, which is 25% of the market cap at the present time
tags: 好数字·好信源 · → daily
value: qty=$25B · date=2026-04-22
<a id="atom-7fd87f82d483b894"></a>🟦 2026-06-12 X·@AIStockSavvy · Evercore ISI目标价 · 评级目标价
slashes PT to $225 from $325
tags: 好数字·好信源 · → daily
value: qty=$225 · date=当前目标价
[图: Evercore ISI 对 Adobe (ADBE) 评级下调及目标价调整的分析师报告摘要图 — New Target: $225.00; Price Target Cut: -30.77%; Current Price: $218.80; Projected Upside: +2.83%; FY26 organic ARR outlook dow
📷 原图
<a id="atom-afbf370c5d0ade9a"></a>🟦 2026-06-12 X·@AIStockSavvy · Evercore ISI目标价调整幅度 · 评级目标价
Price Target Cut: -30.77%
tags: 好数字·好信源 · → daily
value: qty=-30.77%
[图: Evercore ISI 对 Adobe (ADBE) 评级下调及目标价调整的分析师报告摘要图 — New Target: $225.00; Price Target Cut: -30.77%; Current Price: $218.80; Projected Upside: +2.83%; FY26 organic ARR outlook dow
📷 原图
<a id="atom-9e4a9366fb15b2c4"></a>🟦 2026-06-12 X·@AIStockSavvy · 当前股价 · 价格动态
Current Price: $218.80
tags: 好数字·好信源 · → daily
value: qty=$218.80
[图: Evercore ISI 对 Adobe (ADBE) 评级下调及目标价调整的分析师报告摘要图 — New Target: $225.00; Price Target Cut: -30.77%; Current Price: $218.80; Projected Upside: +2.83%; FY26 organic ARR outlook dow
📷 原图
<a id="atom-53e067fc26609f6c"></a>🟦 2026-06-12 X·@AIStockSavvy · Evercore ISI预期上行空间 · 价格动态
Projected Upside: +2.83%
tags: 好数字·好信源 · → daily
value: qty=+2.83%
[图: Evercore ISI 对 Adobe (ADBE) 评级下调及目标价调整的分析师报告摘要图 — New Target: $225.00; Price Target Cut: -30.77%; Current Price: $218.80; Projected Upside: +2.83%; FY26 organic ARR outlook dow
📷 原图
<a id="atom-d623b54f51f6b963"></a>🟦 2026-06-12 X·@AIStockSavvy · FY26有机ARR展望下调金额 · 业绩指引/营收
FY26 organic ARR outlook down by: ~$500mn
tags: 好数字·好信源 · → daily
value: qty=~$500mn · date=FY26
[图: Evercore ISI 对 Adobe (ADBE) 评级下调及目标价调整的分析师报告摘要图 — New Target: $225.00; Price Target Cut: -30.77%; Current Price: $218.80; Projected Upside: +2.83%; FY26 organic ARR outlook dow
📷 原图
<a id="atom-9bfec6f4940aa6ed"></a>🟦 2026-06-20 X·@Pirat_Nation · 过去一年股价跌幅 · 价格动态
过去一年 ADBE 股价跌幅 48.22%
tags: 好数字·好信源 · → daily
value: qty=48.22% · date=过去一年
[图: Adobe Inc (NASDAQ: ADBE) 股票过去一年的价格走势图表 — 195,16 USD (收盘价); -48.22% (过去一年跌幅); -181.76 (过去一年下跌额); 18 Jun 2026 (图表日期)]
📷 原图
<a id="atom-c4ed8c97a19d6394"></a>🟦 2026-06-20 X·@Pirat_Nation · 收盘价 · 价格动态
ADBE 收盘价 195.16 USD
tags: 好数字·好信源 · → daily
value: qty=195.16 USD
[图: Adobe Inc (NASDAQ: ADBE) 股票过去一年的价格走势图表 — 195,16 USD (收盘价); -48.22% (过去一年跌幅); -181.76 (过去一年下跌额); 18 Jun 2026 (图表日期)]
📷 原图
<a id="atom-5fc9bd6ea39de5ed"></a>🟦 2026-06-20 X·@Pirat_Nation · 过去一年股价下跌额 · 价格动态
ADBE 过去一年股价下跌 181.76 USD
tags: 好数字·好信源 · → daily
value: qty=181.76 USD · date=过去一年
[图: Adobe Inc (NASDAQ: ADBE) 股票过去一年的价格走势图表 — 195,16 USD (收盘价); -48.22% (过去一年跌幅); -181.76 (过去一年下跌额); 18 Jun 2026 (图表日期)]
📷 原图
<a id="atom-af547e9bfaf66be2"></a>🟦 2026-06-18 X·@AIStockSavvy · survey finding: creator AI usage · 订单需求
Adobe survey found 75% of creators use AI as an integrated or essential workflow tool
tags: 好数字·好信源 · → daily
value: qty=75%
<a id="atom-308021648055a14d"></a>🟦 2026-06-12 X·@ChemStat66667 · 当前股价 · 价格动态
当前股价: 204.02 USD
tags: 好数字·好信源 · → daily
value: qty=204.02 · date=2026-06-12
[图: Adobe Inc (ADBE) 的历史股价走势图 — 当前股价: 204.02 USD; 历史涨幅: +92,636.36%; 市值 (时价总额): 824.65亿; 市盈率 (株価収益率): 11.89; 52周高值: 405.00]
📷 原图
<a id="atom-ed441f43fb00f4d3"></a>🟦 2026-06-11 X·@AIStockSavvy · 下季度总营收指引 · 业绩指引
Next Quarter Total Revenue Outlook: 66.7亿至67.2亿美元
tags: 好数字·好信源 · → daily
value: qty=6.67B-6.72B · date=next quarter · direction=na
[图: Adobe公司2026财年第二季度财报业绩及未来财务展望信息图 — 实际每股收益 (Actual EPS): 5.96美元; 实际营收 (Actual Revenue): 6.62B; 每股收益超预期 (EPS Beat): +2.58%; 营收超预期 (Revenue Beat): +2.64%; 下季度总营收指引 (Next Quarter To
📷 原图
<a id="atom-0b5218094e0c63f9"></a>🟦 2026-04-27 X·@AIStockSavvy [老化中] · Mizuho cuts PT to $270 · 评级目标价
cuts 𝐏𝐓 𝐭𝐨 $𝟐𝟕𝟎
tags: 好数字·好信源 · → daily
value: qty=$270
[图: 瑞穗证券（Mizuho）下调 Adobe (ADBE) 股票评级与目标价的分析师报告摘要图表 — 新目标价 (Price Target): $270.00; 原目标价 (Previous PT): $315.00; 目标价降幅 (Change %): -14.3%; 当前股价 (Current Price): $245.44; 潜在上涨空间 (Ups
📷 原图
<a id="atom-cc7ac80aac81df53"></a>🟦 2026-06-12 卖·MS Tom Wigg · 指引下调 · 财报/指引
ADBE lowers guide
tags: 好数字 · → daily
<a id="atom-0b8eeed820698aae"></a>🟦 2026-06-11 卖·BofA Brian Fenske [老旧] · LO Active Manager Positioning
ADBE LO Active Manager Positioning is currently near 0.5x.
tags: 好数字 · → daily
value: qty=0.5x · date=2026-06
<a id="atom-2073b882d21b65dd"></a>🟦 2026-06-09 卖·BofA Brian Fenske · 财报日期 · 财报
ADBE earnings on 6/11 PM
tags: 好数字 · → daily
value: event=Earnings PM · date=2026-06-11
<a id="atom-8be81b5b0b12879b"></a>🟦 2026-07-02 X·@zerohedge · 股价变化 · 评级目标价/价格动态
Adobe Inc. shares (ADBE) are up 2.8% after HSBC upgraded the software company to buy from hold.
tags: 好数字 · → daily
value: qty=+2.8% · direction=increase
<a id="atom-3515fbecce05c72c"></a>🟦 2026-06-12 X·@zerohedge · 股价日内跌幅 · 价格动态
ADOBE SHARES FALL 8.1% TO LOWEST INTRADAY SINCE FEB. 2018
tags: 好数字 · → daily
value: qty=-8.1% · date=2026-06-12
<a id="atom-1ed08079509d2500"></a>🟦 2026-06-16 卖·BofA Brian Fenske [老化中] · LO Active Manager Positioning
ADBE LO Active Manager Positioning has declined significantly, reaching approximately 0.5x by mid-2025.
tags: 好信源 · → daily
value: qty=0.5x · date=2025-06
<a id="atom-f4be31b8199fecd1"></a>🟦 2026-06-12 newsletter·ADBE · FQ2营收 · 财报
Revenue was $6.618B, +12.7% y/y (last q +12.0%) vs Street $6.454B, +~10%
tags: 好数字 · → daily
value: qty=$6.618B, +12.7% y/y vs Street $6.454B
<a id="atom-e0cfb6c887535bac"></a>🟦 2026-06-12 newsletter·ADBE · FQ2每股收益 · 财报
EPS was $5.96 vs Street $5.82
tags: 好数字 · → daily
value: qty=$5.96 vs Street $5.82

🟥 多头 takes (bullish) (12)

<a id="atom-b103139b14b2a096"></a>🟥 2026-06-05 X·@AIStockSavvy [老旧] · RBC Capital目标价 · 评级目标价
maintains PT at $350
tags: 好数字 · → daily
value: qty=$350
📷 原图
<a id="atom-a3a6e46a55f49deb"></a>🟥 2026-06-12 newsletter·TMTB · 多资产管理 · 估值
Bulls also point to the enterprise as a structurally underappreciated asset
tags: 好思考 · → daily
<a id="atom-0c11320f4cbe9ea7"></a>🟥 2026-06-18 X·@Saladinbraham · Implied CAGR on 5% revenue growth · 盈利能力/估值
Even if Rev only grows 5% we still get a 15% CAGR here
tags: 好思考 · → daily
value: qty=15%
<a id="atom-784e15b18fcaad07"></a>🟥 2026-06-12 newsletter·ADBE · 免费增值策略意图 · 产品策略
On the callback, mgmt emphasized that the freemium shift is intended to access more demand, not simply defend against AI competition.
tags: 好观点 · → daily
<a id="atom-f5d3e2b9e9a499c3"></a>🟥 2026-06-12 newsletter·ADBE · 用户使用深度扩展 · 用户行为
mgmt is more confident because usage is expanding beyond basic generation into editing, video and production workflows.
tags: 好观点 · → daily
<a id="atom-18ce9fdabc084939"></a>🟥 2026-06-12 newsletter·TMTB · 基本面质量（多头论点） · 估值/商业模式
Bulls start from the premise that ADBE remains one of the highest-quality franchises in software: ~97% subscription mix, ~90% gross margins, ~45% operating margins, $10B+ of annual FCF, and entrenched positions across creative tools, PDF, and the marketing/content supply chain.
tags: 好观点 · → daily
<a id="atom-b0237c1c234756e6"></a>🟥 2026-06-05 X·@AIStockSavvy [老旧] · RBC Capital评级 · 评级目标价
$ADBE | 𝐑𝐁𝐂 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐫𝐞𝐢𝐭𝐞𝐫𝐚𝐭𝐞𝐬 𝐎𝐮𝐭𝐩𝐞𝐫𝐟𝐨𝐫𝐦 on 𝐀𝐝𝐨𝐛𝐞
tags: 好观点 · → daily
value: direction=重申看多
📷 原图
<a id="atom-5b1a9a165c50a51f"></a>🟥 2026-06-05 X·@AIStockSavvy · ARR潜在稳定趋势 · 营收
Analyst sees potential for q/q ARR stabilization
tags: 好观点 · → daily
value: direction=环比改善
📷 原图
<a id="atom-9e4367e18baf883f"></a>🟥 2026-06-05 X·@AIStockSavvy · Experience Cloud驱动企业钱包份额增长 · 营收/竞争格局
highlights the Experience Cloud as the primary driver for expanding wallet share in the enterprise
tags: 好观点 · → daily
value: direction=增长
📷 原图
<a id="atom-984d42b9fe1b4c70"></a>🟥 2026-06-16 X·@MrMojoRisinX · Burry 称 Musk 将在夏季前收购 · 并购
likely purchases ADBE all before the end of the summer
tags: 好观点 · → daily
value: date=2026 年夏季前
<a id="atom-72b0fd5de81619cf"></a>🟥 2026-05-30 X·@HatedMoats · 企业级市场颠覆难度 · 竞争格局
$ADBE is virtually impossible to disrupt on enterprise level
tags: 好观点 · → daily
📷 原图
<a id="atom-39ac6c98beeff9c0"></a>🟥 2026-05-19 X·@nft_hu · 股价表现 · 价格动态/仓位情绪
大盘回调的背景下，软件股 $ADBE 展现了相当的韧性。
tags: 好观点 · → daily
value: direction=韧性

🟥 空头 takes (bearish) (25)

<a id="atom-5cbe2dbe8303742c"></a>🟥 2026-04-17 X·@AIStockSavvy [老旧] · PT目标价 · 评级目标价
RBC reiterates Outperform, cuts PT to $350
tags: 好数字·好信源 · → daily
value: qty=$350.00 · date=2026-04-17
[图: RBC Capital关于Adobe的分析师评级、目标价下调及业绩展望摘要表 — 新目标价 (PT): $350.00; 原目标价 (PT): $400.00; 目标价降幅: -12.5%; 当前价格: $248.16; 潜在上涨空间: +41.0%]
📷 原图
<a id="atom-6d6380f34e61b65a"></a>🟥 2026-06-20 X·@Pirat_Nation · 市场热度趋势 · 仓位情绪
Nobody cares about this company anymore
tags: 好观点·好思考 · → daily
value: direction=下降
[图: Adobe Inc (NASDAQ: ADBE) 股票过去一年的价格走势图表 — 195,16 USD (收盘价); -48.22% (过去一年跌幅); -181.76 (过去一年下跌额); 18 Jun 2026 (图表日期)]
📷 原图
<a id="atom-ecaf05aa5a9d45e9"></a>🟥 2026-06-12 newsletter·TMTB · FY27营收预期 · 营收
any new CEO is likely to rebase FY27 expectations, meaning Street numbers (~8-9% revenue growth, ~$26.5-27 EPS) may still be too high
tags: 好数字 · → daily
value: qty=~8-9% revenue growth
<a id="atom-96370d75561aada4"></a>🟥 2026-06-12 newsletter·TMTB · FY27EPS预期 · 目标价
Street numbers (~8-9% revenue growth, ~$26.5-27 EPS) may still be too high
tags: 好数字 · → daily
value: qty=~$26.5-27
<a id="atom-a6c4fd55c823f707"></a>🟥 2026-06-17 X·@JerryCap · 股价 · 价格动态
New lows for $ADBE
tags: 好数字 · → daily
value: direction=新低
<a id="atom-a3dafb4d6d0b3386"></a>🟥 2026-06-29 卖·JPM · 投资者关注度下降 · 市场情绪
ADBE needed to be pushed down one notch on the LO axis as investor discussions are becoming few and far between.
tags: 好观点 · → daily
<a id="atom-b284b7cccd702ab0"></a>🟥 2026-06-29 卖·Philip Secs 🔁2源 🔊x2 · 评级下调 · 评级调整
DOWNGRADE: ADBE (Philip Secs to Hold)
tags: 好观点 · → daily
value: rating=Hold (from ?)
<a id="atom-42effe4a77175a24"></a>🟥 2026-06-12 X·@AIStockSavvy · Evercore ISI对市场情绪的判断 · 管理层表态/仓位情绪
sentiment is unlikely to improve until new leadership is in place
tags: 好思考 · → daily
value: direction=难以改善
[图: Evercore ISI 对 Adobe (ADBE) 评级下调及目标价调整的分析师报告摘要图 — New Target: $225.00; Price Target Cut: -30.77%; Current Price: $218.80; Projected Upside: +2.83%; FY26 organic ARR outlook dow
📷 原图
<a id="atom-9afcfb203ebdf942"></a>🟥 2026-06-12 newsletter·TMTB · 定价能力 · 竞争
a company that simultaneously defers price increases and gives more product away for free is, by definition, losing pricing power
tags: 好思考 · → daily
<a id="atom-deeee354fbdc9371"></a>🟥 2026-06-12 newsletter·TMTB · 利润趋势 · 利润
eventual margin drift below 45% as inference costs and S&M intensity rise
tags: 好思考 · → daily
<a id="atom-41ce934e8bfcd5ec"></a>🟥 2026-06-12 X·@AIStockSavvy · Evercore ISI对上行空间判断 · 仓位情绪
Analyst sees limited upside
tags: 好观点 · → daily
value: direction=有限
[图: Evercore ISI 对 Adobe (ADBE) 评级下调及目标价调整的分析师报告摘要图 — New Target: $225.00; Price Target Cut: -30.77%; Current Price: $218.80; Projected Upside: +2.83%; FY26 organic ARR outlook dow
📷 原图
<a id="atom-14f1fcdfbe7d9fe9"></a>🟥 2026-06-12 newsletter·TMTB · 竞争担忧加剧 · 竞争
Organic growth the main nit that will fuel AI disruption/competitive fears
tags: 好观点 · → daily
<a id="atom-f52eef73b70388ba"></a>🟥 2026-06-12 newsletter·TMTB · 业务策略：流量从直接付费转向免费增值 · 产品策略
Mgmt is rebalancing traffic away from direct-to-paid journeys toward freemium (Firefly, Express, Acrobat AI Assistant), explicitly trading short-term ARR for MAU growth and lifetime value.
tags: 好观点 · → daily
<a id="atom-6e3966710421fb56"></a>🟥 2026-06-12 newsletter·TMTB · 免费增值模型成本结构 · 成本/商业模式
Per the callback, the freemium model is structurally more expensive and cost to acquire a dollar of ARR is rising.
tags: 好观点 · → daily
<a id="atom-d6f07babeacf22c8"></a>🟥 2026-06-12 newsletter·TMTB · Creative Cloud定价权恶化论述（熊方观点） · 竞争/定价权
Mgmt still sees Creative Cloud pricing/line optimization as available later, but the decision to defer planned 2H actions while expanding freemium will make bears argue that ADBE’s ability to push price in creative/prosumer/SMB is deteriorating.
tags: 好观点 · → daily
<a id="atom-42240cc961ae3475"></a>🟥 2026-06-12 newsletter·ADBE · H2有机ARR展望下降的原因分配 · 营收/ARR
The lower 2H organic ARR outlook was described as roughly 50/50 between less pricing contribution and a harder freemium push, with benefits expected to show up in FY27 and more detail expected later on MAU/free-to-paid conversion.
tags: 好观点 · → daily
value: qty=约50/50 定价贡献减少/免费增值推进
<a id="atom-48bcdda7702f1fde"></a>🟥 2026-06-12 newsletter·TMTB · 估值陷阱 · 估值
the multiple is a value trap, not a floor
tags: 好观点 · → daily
<a id="atom-03eff713064c3444"></a>🟥 2026-06-18 X·@sytelus · Subscription customer base trend · 订单需求/客户
permanently contracting customer base over long term
tags: 好观点 · → daily
value: direction=contracting · date=long term
<a id="atom-48537a3591e636e0"></a>🟥 2026-06-18 X·@sytelus · Margin improvement capability · 盈利能力/定价权
inability to improve margins given they can’t increase price even more
tags: 好观点 · → daily
value: direction=inability · date=long term
<a id="atom-0765003e3bb87aad"></a>🟥 2026-06-11 X·@PatrickMoorhead · 策略性质 · 竞争格局/策略调整
This is a strategy reset, not to be confused with a demand miss. More like investment protection. It’s a defensive position for sure.
tags: 好观点 · → daily
value: direction=防御性
<a id="atom-f26e3a408e0a9973"></a>🟥 2026-06-10 X·@ShanghaoJin · 担心被AI取代 · 竞争格局
他们是担心被AI取代
tags: 好观点 · → daily
<a id="atom-3cf8dca18a9104ec"></a>🟥 2026-05-14 X·@CoorsLightCEO · 持有者定位 · 仓位情绪
bagholder in chief. one of us.
tags: 好观点 · → daily
<a id="atom-86f61b6ed268c933"></a>🟥 2026-04-27 X·@AIStockSavvy [老化中] · Intensifying competition weighing on outlook · 竞争格局
Analyst sees intensifying competition and limited growth visibility, with balanced risk/reward and lack of catalysts weighing on outlook
tags: 好观点 · → daily
[图: 瑞穗证券（Mizuho）下调 Adobe (ADBE) 股票评级与目标价的分析师报告摘要图表 — 新目标价 (Price Target): $270.00; 原目标价 (Previous PT): $315.00; 目标价降幅 (Change %): -14.3%; 当前股价 (Current Price): $245.44; 潜在上涨空间 (Ups
📷 原图
<a id="atom-e7e6e12c38f3e42b"></a>🟥 2026-04-27 X·@AIStockSavvy [老化中] · Limited growth visibility · 营收
limited growth visibility
tags: 好观点 · → daily
[图: 瑞穗证券（Mizuho）下调 Adobe (ADBE) 股票评级与目标价的分析师报告摘要图表 — 新目标价 (Price Target): $270.00; 原目标价 (Previous PT): $315.00; 目标价降幅 (Change %): -14.3%; 当前股价 (Current Price): $245.44; 潜在上涨空间 (Ups
📷 原图
<a id="atom-545789176271bf13"></a>🟥 2026-04-27 X·@AIStockSavvy [老化中] · Lack of catalysts · 业绩指引
lack of catalysts weighing on outlook
tags: 好观点 · → daily
[图: 瑞穗证券（Mizuho）下调 Adobe (ADBE) 股票评级与目标价的分析师报告摘要图表 — 新目标价 (Price Target): $270.00; 原目标价 (Previous PT): $315.00; 目标价降幅 (Change %): -14.3%; 当前股价 (Current Price): $245.44; 潜在上涨空间 (Ups
📷 原图

🟥 中性 takes (neutral) (8)

<a id="atom-deb6619be6f4ec77"></a>🟥 2026-06-12 X·@AIStockSavvy · Evercore ISI对催化剂路径判断 · 业绩指引
an uncertain catalyst path for Adobe
tags: 好观点 · → daily
value: direction=不确定
[图: Evercore ISI 对 Adobe (ADBE) 评级下调及目标价调整的分析师报告摘要图 — New Target: $225.00; Price Target Cut: -30.77%; Current Price: $218.80; Projected Upside: +2.83%; FY26 organic ARR outlook dow
📷 原图
<a id="atom-1e836cac9c81cd7b"></a>🟥 2026-06-12 newsletter·ADBE · 管理层对搜索结构性变化的观点 · AI/竞争
Mgmt argued LLM-driven, intent-based search is structurally changing user acquisition.
tags: 好观点 · → daily
<a id="atom-7fbab7fa63f81538"></a>🟥 2026-06-12 newsletter·ADBE · FY27免费增值转化细节 · 用户增长
benefits expected to show up in FY27 and more detail expected later on MAU/free-to-paid conversion.
tags: 好观点 · → daily
<a id="atom-7103d60bd44584ee"></a>🟥 2026-06-12 newsletter·ADBE · 定价仍是增长算法的一部分 · 产品策略/定价权
Pricing remains part of the growth algorithm, but mgmt does not want pricing to be the message while trying to capture heightened AI/LLM-driven traffic
tags: 好观点 · → daily
<a id="atom-97bea8f736980646"></a>🟥 2026-06-08 newsletter·第三方分析师 · Firefly和汇率组合抵消有限的席位增长 · 营收/竞争
...as CC mix tailwinds and Firefly offset limited seat growth
tags: 好观点 · → daily
<a id="atom-bc7b0725e3d1b46d"></a>🟥 2026-06-07 X·@PatrickMoorhead · AI对软件影响力的判断 · 竞争格局
$ADBE is the other read, and a different one: whether AI is a tailwind for software or a threat to it.
tags: 好观点 · → daily
<a id="atom-155132ab5e3e8eea"></a>🟥 2026-06-01 X·@Ryan15143 · 季度业绩表现 · 财报
WDAY, CRM, ADBE, BL, NCNO, DCBO…to name a few. Not amazing quarters, but solid with no signs of disruption yet
tags: 好观点 · → daily
value: qty=solid · date=2026-06-01
<a id="atom-efa1b737626516bf"></a>🟥 2026-04-27 X·@AIStockSavvy [老化中] · Balanced risk/reward · 仓位情绪
balanced risk/reward
tags: 好观点 · → daily
[图: 瑞穗证券（Mizuho）下调 Adobe (ADBE) 股票评级与目标价的分析师报告摘要图表 — 新目标价 (Price Target): $270.00; 原目标价 (Previous PT): $315.00; 目标价降幅 (Change %): -14.3%; 当前股价 (Current Price): $245.44; 潜在上涨空间 (Ups
📷 原图

🟦 新闻流 (squawk · 19)

展开新闻流 (FirstSquawk / financialjuice / wallstengine / DeItaone — 快讯, 非原创 take)

<a id="atom-6eafde442bdf8005"></a>🟦 2026-07-02 X·@wallstengine · 2QFY26 营收增长率 · 营收
Adobe’s 2QFY26 revenue rose 12.7% year-over-year
tags: 好数字 · → daily
value: qty=12.7% · date=2QFY26
📷 原图
<a id="atom-d68e30ddd36820b0"></a>🟦 2026-07-02 X·@wallstengine · FY26 营收指引增长率 · 业绩指引
the company guided to FY26 revenue growth of 11.8%
tags: 好数字 · → daily
value: qty=11.8% · date=FY26
📷 原图
<a id="atom-58c39d5619d447b1"></a>🟦 2026-07-02 X·@wallstengine · 总剩余履约义务增长率 · 营收
Total remaining performance obligations and current RPO rose 13.1% year-over-year in 2QFY26
tags: 好数字 · → daily
value: qty=13.1% · date=2QFY26
📷 原图
<a id="atom-2044d8e5a5fbc404"></a>🟦 2026-07-02 X·@wallstengine · 2QFY26 AI-first 收入增长率 · 营收
Adobe is monetizing AI, with AI-first revenue rising 3x year-over-year
tags: 好数字 · → daily
value: qty=3x · date=2QFY26
📷 原图
<a id="atom-95294b491f5fde2a"></a>🟦 2026-07-02 X·@wallstengine · 2QFY26 AI-first 收入占比 · 营收
AI-first revenue ... was still only ~2% of 2QFY26 revenue
tags: 好数字 · → daily
value: qty=~2% · date=2QFY26
📷 原图
<a id="atom-41c5b97cacf7c731"></a>🟦 2026-06-22 X·@wallstengine · announced new agentic AI partnerships · 合作客户
$ADBE announced new agentic AI partnerships with Accenture, Omnicom, WPP and Stagwell’s Code and Theory.
tags: 好数字 · → daily
<a id="atom-af8ffa8e30bbbd4a"></a>🟦 2026-06-22 X·@wallstengine · CX Enterprise and CX Enterprise Coworker deployed for personalized customer experiences · 产品发布
The partnerships are focused on deploying Adobe CX Enterprise and CX Enterprise Coworker for personalized customer experiences.
tags: 好数字 · → daily
<a id="atom-27f7e9b8e4800243"></a>🟦 2026-06-22 X·@wallstengine · CX skills and MCP servers now generally available inside Anthropic’s Claude Enterprise and Microsoft 365 Copilot · 产品发布
Adobe also said its CX skills and MCP servers are now generally available inside Anthropic’s Claude Enterprise and Microsoft 365 Copilot.
tags: 好数字 · → daily
<a id="atom-bb9484dfef194cc4"></a>🟥 2026-06-15 X·@FirstSquawk · 目标价下调 · 评级目标价
CITIGROUP CUTS ADOBE TARGET PRICE TO $228 FROM $264
tags: 好观点 · → daily
value: qty=$228 · date=2026-06-15
<a id="atom-1864dacf200ef3c8"></a>🟦 2026-06-11 X·@FirstSquawk · Q2 FY26 营收 · 营收
_ADOBE Q2 FY26 EARNINGS — BEATS ACROSS THE BOARD

REVENUE: $6.62B BEAT (EST $6.45B)_

tags: 好数字 · → daily

value: qty=$6.62B · date=Q2 FY26

<a id="atom-ffa11b43434cacbd"></a>🟦 2026-06-11 X·@FirstSquawk · Q2 FY26 调整后 EPS · 盈利能力
ADJ EPS: $5.96 BEAT (EST $5.83)
tags: 好数字 · → daily
value: qty=$5.96 · date=Q2 FY26
<a id="atom-1e8c73038b60b3c0"></a>🟦 2026-06-11 X·@FirstSquawk · Q2 FY26 剩余履约义务 · 订单需求
REMAINING PERFORMANCE OBLIGATIONS: $22.27B BEAT (EST $22.11B)
tags: 好数字 · → daily
value: qty=$22.27B · date=Q2 FY26
<a id="atom-e49db05fcfd284e1"></a>🟦 2026-06-11 X·@FirstSquawk · Q3 FY26 营收指引 · 业绩指引
Q3 REVENUE GUIDANCE: $6.67B–$6.72B BEAT (EST $6.51B)
tags: 好数字 · → daily
value: qty=$6.67B–$6.72B · date=Q3 FY26
<a id="atom-d10f41768a633045"></a>🟦 2026-06-11 X·@FirstSquawk · Q3 FY26 调整后 EPS 指引 · 业绩指引
Q3 ADJ EPS GUIDANCE: $6.05–$6.10 BEAT (EST $5.77)
tags: 好数字 · → daily
value: qty=$6.05–$6.10 · date=Q3 FY26
<a id="atom-03f745739784f1f8"></a>🟦 2026-06-11 X·@FirstSquawk · CFO 离职日期 · 人事变动
CFO DAN DURN TO DEPART JUNE 15
tags: 好信源 · → daily
value: date=2026-06-15
<a id="atom-0e41b26c842c596a"></a>🟦 2026-04-20 X·@wallstengine · launching CX Enterprise AI agent platform · 产品发布/合作客户
WSJ: Adobe $ADBE is launching CX Enterprise, an AI agent platform for businesses, and partnering with 30+ companies including Microsoft, Anthropic, OpenAI, Nvidia and AWS. Customers will be able to use AI agents across platforms for marketing tasks.
tags: 好信源 · → daily
[图: Adobe Inc. (ADBE) 的股价走势图，显示收盘价及盘前交易价格和涨幅 — 收盘价: $244.45; 盘前价: $250.20; 盘前涨幅: +2.35%; 前收盘价: $244.45]
📷 原图
<a id="atom-bbe69431c1e961e6"></a>🟦 2026-04-20 X·@wallstengine · closing price · 价格动态
收盘价: $244.45
tags: 好数字 · → daily
value: qty=$244.45 · date=2026-04-20
[图: Adobe Inc. (ADBE) 的股价走势图，显示收盘价及盘前交易价格和涨幅 — 收盘价: $244.45; 盘前价: $250.20; 盘前涨幅: +2.35%; 前收盘价: $244.45]
📷 原图
<a id="atom-37cb56111f0cea73"></a>🟦 2026-04-20 X·@wallstengine · pre-market price · 价格动态
盘前价: $250.20
tags: 好数字 · → daily
value: qty=$250.20 · date=2026-04-20
[图: Adobe Inc. (ADBE) 的股价走势图，显示收盘价及盘前交易价格和涨幅 — 收盘价: $244.45; 盘前价: $250.20; 盘前涨幅: +2.35%; 前收盘价: $244.45]
📷 原图
<a id="atom-2fefacced5b0c2b2"></a>🟦 2026-04-20 X·@wallstengine · pre-market change · 价格动态
盘前涨幅: +2.35%
tags: 好数字 · → daily
value: qty=+2.35% · date=2026-04-20
[图: Adobe Inc. (ADBE) 的股价走势图，显示收盘价及盘前交易价格和涨幅 — 收盘价: $244.45; 盘前价: $250.20; 盘前涨幅: +2.35%; 前收盘价: $244.45]
📷 原图

⏱ 时间轴 (近 20)

🟦 2026-07-02 · fact · 2QFY26 营收增长率 · → daily
🟦 2026-07-02 · fact · FY26 营收指引增长率 · → daily
🟦 2026-07-02 · fact · 总剩余履约义务增长率 · → daily
🟦 2026-07-02 · fact · 2QFY26 AI-first 收入增长率 · → daily
🟦 2026-07-02 · fact · 2QFY26 AI-first 收入占比 · → daily
🟦 2026-07-02 · fact · HSBC 升级评级至买入 · → daily
🟦 2026-07-02 · fact · 股价变化 · → daily
🟦 2026-07-02 · narrative · HSBC 上调评级 · → daily
🟥 2026-06-29 · narrative · 投资者关注度下降 · → daily
🟥 2026-06-29 · position · 评级下调 · → daily
🟦 2026-06-25 · fact · Agrees to Acquire · → daily
🟦 2026-06-24 · fact · YTD跌幅 · → daily
🟦 2026-06-22 · fact · announced new agentic AI partnerships · → daily
🟦 2026-06-22 · fact · CX Enterprise and CX Enterprise Coworker deployed for person · → daily
🟦 2026-06-22 · fact · CX skills and MCP servers now generally available inside Ant · → daily
🟦 2026-06-22 · fact · FCF multiple · → daily
🟦 2026-06-20 · fact · 远期市盈率 · → daily
🟦 2026-06-20 · fact · 过去一年股价跌幅 · → daily
🟦 2026-06-20 · fact · 收盘价 · → daily
🟦 2026-06-20 · fact · 过去一年股价下跌额 · → daily

📊 板块级信号 · 软件板块 (43)

*以下是 软件板块 板块的信号 (ADBE 是成员), 非直接针对 ADBE — 供板块上下文参考*

展开板块信号

🟦▲ 2026-05-29 [twitter] · 超额收益维持至1999年底
总体来看，软件较科技板块的超额收益一直维持到了1999年底
🟥▲ 2026-05-11 [chat] · 仓位与基本面
SPX 强劲反弹但仓位仅 62% = 基本面驱动 → 软件股收入加速 + 利润率扩大但仓位为负 = 逆向做多机会
🟦▲ 2026-06-01 [newsletter] · 本月涨幅
软件板块5月涨幅21%
🟦▼ 2026-04-23 [chat] · 很难找到没跌 5% 的，MSFT 是罕见例外
很难找到没跌 5% 的软件股，MSFT 成为罕见例外
🟦▼ 2026-04-23 [twitter] · 估值已大幅下调
软件板块估值已大幅下调
🟦▼ 2026-04-23 [twitter] · 相较普通股票仍存在溢价
但相较普通股票仍存在溢价
🟥▼ 2026-04-08 [chat] · 终端价值重估
机构将软件比作“新的百货大楼” (new dept store)，认为在 AI 替代预期下缺乏买入理由，终端价值 (terminal value) 逻辑被破坏。
🟦▼ 2026-04-19 [chat] · 亚洲投资者共识交易方向
GS 销售指出，亚洲投资者坚守共识交易：做空软件

📊 板块级信号 · Enterprises (15)

*以下是 Enterprises 板块的信号 (ADBE 是成员), 非直接针对 ADBE — 供板块上下文参考*

展开板块信号

🟦▼ 2026-04-28 [twitter] · fraction without systematic AI misbehavior detection
nearly 1 in 3 enterprises has no systematic way to detect a misbehaving AI model until damage is already done.
🟥▼ 2026-05-31 [twitter] · AI 预算成本控制动机
CFOs will be going into shock over AI budgets this year and people are going to be motivated to find cost savings very s
🟦▼ 2026-04-25 [twitter] · AI 模型异常检测能力
And nearly 1 in 3 enterprises has no systematic way to detect a misbehaving AI model until damage is already done.
🟥▲ 2026-06-28 [twitter] · can host Chinese models under their own GPUs so it’s still compliant a
They can host Chinese models under their own GPUs so it’s still compliant and they would argue they have more control.
🟥▲ 2026-06-28 [twitter] · will post train with their own data on top of Chinese models to build
they will post train with their own data on top of Chinese models. That’s how they build data moat.
🟥▼ 2026-06-28 [twitter] · will not trust anthropic due to data retention for safety concerns
They will not trust anthropic who will retain their data at any time for “safety” concerns like how they did with Fable
🟥▼ 2026-06-25 [twitter] · moving off cloud
enterprises are moving off the cloud
🟥▲ 2026-06-25 [twitter] · acquiring compute
enterprises are...acquiring compute

📊 板块级信号 · US equities (4)

*以下是 US equities 板块的信号 (ADBE 是成员), 非直接针对 ADBE — 供板块上下文参考*

展开板块信号

🟦▼ 2026-06-23 [twitter] · market cap erased today
U.S. stocks erased roughly $1 trillion in market value today as a broad-based selloff swept across equities.
🟥▼ 2026-07-01 [twitter] · short entries recommended until October
Short entries until October imo
🟥▼ 2026-07-01 [twitter] · first crash likely November
First crash November ish? Not sure
🟥▼ 2026-06-21 [twitter] · valuation level
record valuations

📊 板块级信号 · SaaS (23)

*以下是 SaaS 板块的信号 (ADBE 是成员), 非直接针对 ADBE — 供板块上下文参考*

展开板块信号

🟥▲ 2026-05-16 [twitter] · 将用独家数据业务流程打造专家模型
SaaS 將開始用自己的：• 獨家數據 • 業務流程 • 行業 know-how 打造純 AI 模型公司做不到的「專家模型」
🟥▼ 2026-05-04 [twitter] · existing business/pricing model is dead
So the existing business/pricing model of software is dead.
🟦▼ 2026-05-25 [twitter] · 股价表现
SaaS limit down on Tuesday morning
🟥▲ 2026-06-08 [sellside] · 历史上在高速增长期也先关注增长而非利润率
People used to applaud SaaS companies growing 41%, deploying Opex toward Hiring aggressively
🟥▲ 2026-05-17 [twitter] · 资本轮动方向
Rotation into SaaS continues?
🟥▼ 2026-06-26 [chat] · 算力成本攀升施压利润率
算力成本攀升将持续施压 SaaS 利润率，除非激进提价或裁员
🟥▼ 2026-06-26 [twitter] · 按席位定价的公司收入承压
every company tied to seat counts is getting crushed. Seat compression is how AI saves customers money, and seat-based S
🟥▲ 2026-06-26 [twitter] · 按变量定价的公司正在获胜
every company selling variably is winning

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