$ADBE (Adobe Systems Inc) ๐๐ง๐ $ORCL (Oracle Corporation) ๐๐ฐ๐จ ๐๐๐ซ๐ง๐ข๐ง๐ ๐ฌ - ๐ญ๐ฐ๐จ ๐๐ข๐๐๐๐ซ๐๐ง๐ญ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ญ๐ข๐จ๐ง๐ฌ
Dear investors,
Recently, we have seen earnings reports from two interesting companies.
$ADBE (part of the portfolio) โ a global technology leader that unleashes creativity and productivity for individuals and businesses through innovative platforms and tools.
$ORCL โ provides products and services for enterprise IT environments worldwide, with a strong focus on cloud infrastructure and software solutions.
Adobe
๐๐ ๐๐ง๐ ๐ ๐๐๐๐๐ ๐๐ข๐ ๐ฎ๐ซ๐๐ฌ
- revenue: 23,77bn USD - a 11% increase on a yearly basis
- operating cash flow: 10bn during the year
- net income: 7,13bn USD
- stock repurchased: 30,8 million shares
Adobe has a market capitalization of 149bn USD. - down 19% year to date.
Following the earnings release, the market reaction was positive.
Oracle
๐๐ ๐๐๐๐ ๐๐ข๐ ๐ฎ๐ซ๐๐ฌ
- Remaining Performance Obligations: 523bn USD - this is the major driver of the stock price right now.
- revenue for the quarter: 16bn - up 14%
- net income of 6,1bn USD
- earning per share: 2,1USD - up 92%
- Oracle's marke capitalization is 541bn USD - up 14,4% year to date, but down 42% from its peak in September 2025.
Larry Ellison commented:
โ๐๐๐๐๐๐ ๐ ๐๐๐ ๐ด๐๐๐๐๐ ๐๐๐๐๐ข๐ ๐ ๐ค๐ ๐๐ ๐๐๐๐๐๐ ๐กโ๐๐๐ ๐๐ก ๐๐ ๐ ๐ก๐๐๐ก๐๐๐๐ ๐๐๐ ๐ข๐ ๐ก๐ ๐๐๐๐ก๐๐๐ข๐ ๐๐๐ ๐๐๐๐๐๐, ๐๐๐๐ข๐๐๐๐ก๐ข๐๐๐๐ ๐๐๐ ๐ข๐ ๐๐๐ ๐๐ข๐ ๐๐ค๐ ๐โ๐๐๐ ๐๐ ๐๐ข๐ ๐๐๐๐ข๐ ๐๐๐ก๐๐๐๐๐ก๐๐๐ . ๐๐ ๐๐๐ ๐๐๐ค ๐๐๐๐๐๐ก๐ก๐๐ ๐ก๐ ๐ ๐๐๐๐๐๐ฆ ๐๐ ๐โ๐๐ ๐๐๐ข๐ก๐๐๐๐๐ก๐ฆ, ๐คโ๐๐๐ ๐ค๐ ๐ค๐๐๐ ๐๐๐๐ ๐๐๐ฆ ๐ค๐๐กโ ๐๐๐ ๐๐ข๐ ๐ถ๐๐ ๐๐๐ ๐บ๐๐ ๐ ๐ข๐๐๐๐๐๐๐ . ๐๐ ๐๐๐ข๐๐ ๐, ๐ค๐ ๐ค๐๐๐ ๐๐๐๐ก๐๐๐ข๐ ๐ก๐ ๐๐ข๐ฆ ๐กโ๐ ๐๐๐ก๐๐ ๐ก ๐บ๐๐๐ ๐๐๐๐ ๐๐๐ผ๐ท๐ผ๐ด, ๐๐ข๐ก ๐ค๐ ๐๐๐๐ ๐ก๐ ๐๐ ๐๐๐๐๐๐๐๐ ๐๐๐ ๐๐๐๐ ๐ก๐ ๐๐๐๐๐๐ฆ ๐คโ๐๐ก๐๐ฃ๐๐ ๐โ๐๐๐ ๐๐ข๐ ๐๐ข๐ ๐ก๐๐๐๐๐ ๐ค๐๐๐ก ๐ก๐ ๐๐ข๐ฆ. ๐โ๐๐๐ ๐๐๐ ๐๐๐๐๐ ๐ก๐ ๐๐ ๐ ๐๐๐ก ๐๐ ๐โ๐๐๐๐๐ ๐๐ ๐ด๐ผ ๐ก๐๐โ๐๐๐๐๐๐ฆ ๐๐ฃ๐๐ ๐กโ๐ ๐๐๐ฅ๐ก ๐๐๐ค ๐ฆ๐๐๐๐ , ๐๐๐ ๐ค๐ ๐๐ข๐ ๐ก ๐๐๐๐๐๐ ๐๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐ ๐ ๐ก๐ ๐กโ๐๐ ๐ ๐โ๐๐๐๐๐ .โ
๐๐ฒ ๐ฏ๐ข๐๐ฐ
In my opinion, both companies are high-quality businesses, but they are priced very differently by the market.
I am far from being a qualified expert to deeply analyze these businesses, but from a zoomed-out perspective, their recent performance seems heavily influenced by who can get closer to the AI money.
Oracle appears to be receiving the larger benefit for now, but I also see risk in that narrative. What if expectations do not materialize as planned?
Oracle significantly raised investor expectations through its OpenAI-related exposure, while Adobe faces AI-related pressure on its existing business model.
From a business and investment perspective, Adobe currently looks more attractive to me โ which is why it has a place in the portfolio.
Is this the right choice, or is the market seeing something I missed? Only time will tell.
What I do know is that I focus on real business fundamentals. Both companies are growing broadly in line with the market:
โข One is betting heavily on AI infrastructure and future demand
โข The other is buying back shares and focusing on its core, cash-generative business.
I like the figures โ nothing outstanding, but solid. Adobe will stay in the portfolio for a while.
Feel free to share your thoughts โ which one do you think will perform better over the next few years?
source:
adobe.com
investor.oracle.com... Show More
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Tue Jan 20 2026 06:11:15 GMT+0000 (Coordinated Universal Time)
