{"id":40006,"date":"2026-03-13T10:59:07","date_gmt":"2026-03-13T10:59:07","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/40006\/"},"modified":"2026-03-13T10:59:07","modified_gmt":"2026-03-13T10:59:07","slug":"adobe-2-%e6%9c%88%e5%ad%a3%e5%ba%a6%e7%87%9f%e6%94%b6%e9%81%94-64-%e5%84%84%e7%be%8e%e5%85%83%e3%80%81%e5%b9%b4%e5%a2%9e-12%ef%bc%8c%e6%af%8f%e8%82%a1%e7%9b%88%e9%a4%98%ef%bc%88eps%ef%bc%89%e5%8d%87","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh-ca\/live-updates\/40006\/","title":{"rendered":"Adobe 2 \u6708\u5b63\u5ea6\u71df\u6536\u9054 64 \u5104\u7f8e\u5143\u3001\u5e74\u589e 12%\uff0c\u6bcf\u80a1\u76c8\u9918\uff08EPS\uff09\u5347\u81f3 6.06 \u7f8e\u5143\uff0c\u9ad8\u65bc 5.08 \u7f8e\u5143"},"content":{"rendered":"Adobe Systems \u5831\u544a\u622a\u81f3 2026 \u5e74 2 \u6708\u7684\u5b63\u5ea6\u71df\u6536\u70ba 64 \u5104\u7f8e\u5143\uff0c\u5e74\u589e 12%\u3002\u6bcf\u80a1\u76c8\u9918\uff08EPS\uff0c\u6307\u300c\u6bcf\u4e00\u80a1\u80a1\u7968\u80fd\u5206\u5230\u7684\u7372\u5229\u300d\uff09\u70ba 6.06 \u7f8e\u5143\uff0c\u53bb\u5e74\u540c\u671f\u70ba 5.08 \u7f8e\u5143\u3002\n\n\u71df\u6536\u9ad8\u65bc Zacks \u4e00\u81f4\u9810\u4f30\uff08Consensus Estimate\uff0c\u591a\u4f4d\u5206\u6790\u5e2b\u5f59\u6574\u7684\u5e73\u5747\u9810\u6e2c\uff09\u4e2d\u7684 62.8 \u5104\u7f8e\u5143\uff0c\u610f\u5916\u8d85\u51fa\uff08surprise\uff0c\u5be6\u969b\u6578\u5b57\u6bd4\u9810\u4f30\u591a\u7684\u5e45\u5ea6\uff09+1.86%\u3002EPS \u4e5f\u9ad8\u65bc\u4e00\u81f4\u9810\u4f30\u7684 5.88 \u7f8e\u5143\uff0c\u610f\u5916\u8d85\u51fa +3.1%\u3002\n\n\u670d\u52d9\u53ca\u5176\u4ed6\uff08Services and other\uff09\u71df\u6536\u70ba 1.10 \u5104\u7f8e\u5143\uff0c\u5c0d\u6bd4\u4e94\u4f4d\u5206\u6790\u5e2b\u9810\u4f30\u7684 1.1081 \u5104\u7f8e\u5143\uff0c\u5e74\u6e1b 19.1%\u3002\n\n\u8a02\u95b1\uff08Subscription\uff09\u71df\u6536\u5408\u8a08 62 \u5104\u7f8e\u5143\uff0c\u5c0d\u6bd4\u56db\u4f4d\u5206\u6790\u5e2b\u9810\u4f30\u7684 60.9 \u5104\u7f8e\u5143\uff0c\u5e74\u589e 13%\u3002\n\n\u7522\u54c1\uff08Products\uff09\u71df\u6536\u70ba 9,000 \u842c\u7f8e\u5143\uff0c\u5c0d\u6bd4\u56db\u4f4d\u5206\u6790\u5e2b\u9810\u4f30\u7684 7,480 \u842c\u7f8e\u5143\uff0c\u5e74\u6e1b 5.3%\u3002\n\nAdobe \u540c\u6642\u8d85\u51fa\u71df\u6536\u8207\u7372\u5229\u9810\u4f30\uff0c\u5e02\u5834\u60c5\u7dd2\u53ef\u80fd\u7acb\u523b\u8f49\u6b63\u300212% \u7684\u5e74\u589e\u71df\u6536\u4ee3\u8868\u57fa\u672c\u9762\u4ecd\u5f37\uff0c\u53ef\u964d\u4f4e\u77ed\u671f\u4e0b\u8dcc\u98a8\u96aa\u3002\u4eca\u5e74\u4ee5\u4f86\u79d1\u6280\u80a1\u50c5\u5c0f\u5e45\u4e0a\u6f32\u7d04 4%\uff0c\u9019\u4efd\u8ca1\u5831\u53ef\u80fd\u8b93 Adobe \u66f4\u7a81\u51fa\u3002\n\n\u6700\u95dc\u9375\u7684\u6307\u6a19\u662f\u8a02\u95b1\u71df\u6536\uff1a\u5e74\u589e 13% \u4e14\u9ad8\u65bc\u9810\u671f\uff0c\u78ba\u8a8d Adobe 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AI\uff08\u4eba\u5de5\u667a\u6167\uff09\u529f\u80fd\u6b63\u5728\u8f49\u6210\u53ef\u6301\u7e8c\u7684\u6536\u5165\u3002\n\n\u5f9e\u884d\u751f\u6027\u5546\u54c1\uff08derivatives\uff0c\u4ee5\u5176\u4ed6\u8cc7\u7522\u50f9\u683c\u70ba\u57fa\u790e\u7684\u91d1\u878d\u5546\u54c1\uff0c\u4f8b\u5982\u9078\u64c7\u6b0a\uff09\u89d2\u5ea6\u770b\uff0c\u8ca1\u5831\u516c\u5e03\u524d\u7684\u4e0d\u78ba\u5b9a\u6027\u5df2\u6d88\u9664\uff0c\u9810\u671f\u96b1\u542b\u6ce2\u52d5\u7387\uff08implied volatility\uff0c\u9078\u64c7\u6b0a\u50f9\u683c\u53cd\u6620\u7684\u5e02\u5834\u300c\u672a\u4f86\u6ce2\u52d5\u300d\u9810\u671f\uff09\u6703\u660e\u986f\u4e0b\u964d\u30022025 \u5e74\u7b2c 4 \u5b63\u8ca1\u5831\u5f8c\u4e5f\u51fa\u73fe\u985e\u4f3c\u60c5\u6cc1\uff1a\u516c\u5e03\u5f8c\u5169\u500b\u4ea4\u6613\u65e5\uff0c\u96b1\u542b\u6ce2\u52d5\u7387\u4e0b\u8dcc\u8d85\u904e 25%\u3002\u900f\u904e\u505a\u7a7a\u6ce2\u52d5\u7387\uff08short 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