“Digital Experience segment revenue of $5.8 to $5.9 billion, Digital Experience subscription revenue of $5.375 to $5.425 billion, GAAP earnings per share of $16.3 to $16.5, and non-GAAP earnings per share of $20.5 to $20.7.”

In context

“are of $4 to $4.5, and non-GAAP earnings per share of $5.01 to $5.2. For Q3, we expect non-GAAP operating margin of approximately 45.5% and a non-GAAP tax rate of approximately 18.5%. As a result of us driving strong performance in the first half of the year, we are pleased to raise our targets for FY 2025 total revenue, Digital Media segment revenue, and EPS. As well as reaffirm digital experience subscription and segment revenue and Digital Media ending ARR growth for the year. Additionally, we're on pace to surpass $250 million in AI Direct ARR book of business exiting the year. For FY 2025, we are now targeting total Adobe revenue of $23.5 to $23.6 billion, Digital Media segment revenue of $17.45 to $17.5 billion, Digital Media ending ARR book of business growth of 11% year over year. Digital Experience segment revenue of $5.8 to $5.9 billion, Digital Experience subscription revenue of $5.375 to $5.425 billion, GAAP earnings per share of $16.3 to $16.5, and non-GAAP earnings per share of $20.5 to $20.7. In summary, Adobe's Q2 performance and revised FY '25 targets reflect excellent execution and the momentum we're building across our portfolio in a dynamic macroeconomic environment. With a disciplined approach to investment and focus on driving customer innovation, we remain confident in our ability to deliver strong shareholder value. Shantanu? Back to you. Shantanu Narayen: Thanks, Dan. Our strong Q2 performance highlights our momentum and how we're leveraging AI to drive exponential value in the creative economy. As a result of our strategy and execution, we're confident in our ability to deliver value to existing customers and attract new users. I'm incredibly proud of how our teams around the world continue to create the future, raise the bar, and bring our purpose to life. Adobe co”