Adobe Shares Surge 15% on AI-Driven Earnings Beat

The software giant raises its annual revenue forecast as AI-powered tools drive growth across key product lines.

Adobe reported quarterly earnings of $4.48 per share, surpassing analyst estimates of $4.39.
Revenue increased by 10% year-over-year to $5.31 billion, exceeding expectations.
AI initiatives, including the Firefly image generator, contributed to higher customer engagement and plan upgrades.
The company raised its full-year revenue forecast to between $21.40 billion and $21.50 billion.
Despite the rally, Adobe shares remain down approximately 12% for the year.