Adobe Announces Q3 FY2025 Earnings Release Date and MAX 2025 Investor Q&A Session

Adobe will announce Q3 FY2025 earnings results on Sept. 11, with a conference call to follow. The company will also host an Investor Q&A session with management at Adobe MAX 2025 on Oct. 28. Adobe's executive team will discuss its strategy and latest innovations. The event will be streamed live on the Adobe Investor Relations Site.

Adobe Inc. (NASDAQ: ADBE) is set to release its third quarter fiscal year 2025 earnings results after the market closes on Thursday, September 11, 2025. Following the release, a conference call with investors will be held from 2:00 p.m. to 3:00 p.m. Pacific Time. The conference call will be streamed live on the Adobe Investor Relations Site [2].

In addition to the earnings release, Adobe will host an Investor Q&A session with management at Adobe MAX 2025 in Los Angeles, CA on Tuesday, October 28, 2025, at 1:30 p.m. Pacific Time. The event will be streamed live on the Adobe Investor Relations Site [2]. This session will provide an opportunity for investors to hear directly from Adobe's executive team about the company's strategy and latest innovations.

Adobe's financial, product, and other material information is routinely posted on its website at www.adobe.com/ADBE [2].

Financial Highlights

Adobe's stock has been trading at a lower price compared to its historical performance, with the stock closing at $356.70 on Friday, August 29, down almost 14% from June 12 ($413.68) [1]. Despite the recent decline, the company's strong free cash flow (FCF) and FCF margins suggest that the stock may be undervalued.

For the fiscal quarter ending August 31, Adobe reported revenue growth of 10.6% year-over-year (YoY) to $5.873 billion, with a significant portion of revenue coming from subscriptions to its software [1]. The company's operating cash flow (OCF) increased by 12.9% to $2.19 billion, resulting in a high OCF margin of 37.3% [1].

Adobe's net FCF came in at $2.144 billion for the quarter, representing a net FCF margin of 36.51% [1]. Over the trailing 12 months (TTM), the average net FCF margin has been 41.75%, which can be used to forecast FCF over the next 12 months (NTM) [1].

Analyst Forecasts

Analysts expect Adobe's revenue to be up 9.6% for the fiscal year ending November 2025, with a forecasted increase of 9.4% for the fiscal year ending November 2026 [1]. This implies that over the next 12 months (NTM), the average revenue forecast is $24.68 billion, which could result in NTM FCF of $10.3 billion [1].

Price Targets

Using a 20x multiple of NTM FCF, Adobe's market cap could be substantially higher over the next 12 months, with a potential price target of $485.11 per share [1]. This coincides with other analysts' price targets, with Yahoo! Finance reporting an average target of $480.07 and AnaChart.com reporting an average target of $420.03 [1].

Investment Strategy

Given the undervalued stock price and high short-put yields, investors may consider shorting out-of-the-money (OTM) puts as a strategy to benefit from the expected price appreciation. The Sept. 12 expiry put option chain shows a midpoint premium of $14.05 per share for the $350.00 strike price put, providing a short-seller an immediate short-put yield of 4.0% [1].

References

[1] https://www.newsbreak.com/barchart-338247362/4208513209584-adobe-looks-cheap-ahead-of-earnings-short-put-yields-are-juicy
[2] https://www.marketscreener.com/news/adobe-to-announce-q3-fy2025-earnings-results-on-sept-11-ce7d59dad98bf627