Adobe Systems Inc. Q1 2024 Earnings Analysis
Revenue grew 11.3% year over year and fell 75.9% sequentially. Margins weakened from the previous quarter, indicating ongoing pressure on profitability. Year-over-year earnings remained under pressure, showing that the recovery in profitability is still incomplete.
Revenue trend
Revenue growth stayed positive, supporting a healthier topline trend.
Margin and earnings quality
Margins deteriorated from last quarter, indicating weaker profit conversion.
What matters next
Investor focus is likely to remain on whether management can restore earnings momentum over coming quarters.
Revenue & YoY Growth
QuarterlyRevenue trend and year-over-year growth across recent reported quarterly periods.
Net Income & Net Margin
QuarterlyNet income and net margin trend over recent reported quarterly periods.
Revenue Analysis
Adobe Systems Inc. reported $5.2B in revenue for Q1 2024, up 11.3% YoY and down 75.9% QoQ. Positive year-over-year growth suggests healthier revenue momentum.
Profitability Analysis
Net income came in at $620.0M, down 50.3% YoY and down 58.2% QoQ. Net margin was 12%. Sequential margin deterioration suggests profitability remains under pressure.
Frequently Asked Questions
Quick factual answers for this report. Need the why behind them? Ask the report assistant.
What was Adobe Systems Inc.'s revenue in Q1 2024?
Adobe Systems Inc. reported revenue of $5.2B in Q1 2024.
What was Adobe Systems Inc.'s net income in Q1 2024?
Adobe Systems Inc. reported net income of $620.0M in Q1 2024.
How did Adobe Systems Inc.'s revenue change year over year?
Adobe Systems Inc.'s revenue increased by 11.3% year over year in Q1 2024.
What was Adobe Systems Inc.'s net margin in Q1 2024?
Adobe Systems Inc.'s net margin was 12% in Q1 2024.
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Data Source & Methodology
Financial data is sourced from company filings and internal processed earnings data.
YoY and QoQ values are derived from reported quarterly figures when not directly available.
This page is for informational purposes only and does not constitute investment advice.
