The market is treating Adobe like a legacy software company in terminal decline. Yet the actual data shows it's one of the biggest beneficiaries of the rise of ... (opens in new tab)

The market is treating Adobe like a legacy software company in terminal decline. Yet the actual data shows it's one of the biggest beneficiaries of the rise of GenAI. In fact, it's one of the top 5 most profitable & fastest-growing AI companies today, in an industry where profitability is rare.Adobe hit a record $6.62 billion in Q2 revenue (up 13% YoY) while non-GAAP EPS jumped 18% to $5.96. Its net margins are at 36%, close to an all-time high. They are absorbing the compute costs of generat...