ADBE
Adobe just hit the buyback button
Adobe’s board approved a new stock repurchase authorization for up to $25 billion of common stock, with the program stretching all the way to April 30, 2030. In plain English: the company is giving itself a giant pile of cash ammo to go shopping for its own shares.
Why this matters
Buybacks can act like a stock market airbag. They can reduce share count, help offset dilution from equity comp, and give investors a little confidence boost when management thinks the business is sturdy enough to send capital back home instead of hoarding it like a raccoon with a gold bar.
The investor read-through
For Adobe, the move lands in a week already packed with stock-related noise: earnings, analyst takes, and boardroom drama. This isn’t a moonshot catalyst on its own, but it does tell you the company is still confident enough in its cash generation to keep returning capital in a big way.
Big picture: Adobe is trying to remind Wall Street that even if the growth story gets debated, the balance-sheet and cash-flow story is still very much alive.