Try out @leodexio to swap Dash with Maya!https://t.co/DuVkSvguwJ ...

Financial Performance - Q2 FY26 - Billings reached $1,678 million, a 36% year-over-year increase[5] - Revenue totaled $1,763 million, up 17% year-over-year[5] - GAAP operating margin was 25%, a 2 percentage point increase[5] - Non-GAAP operating margin was 39%, a 1 percentage point increase[5] - Free cash flow was $451 million, a 122% increase[5] Revenue Breakdown - Q2 FY26 - Design revenue was $1,472 million, up 17% year-over-year (18% in constant currency)[7] - Make revenue was $194 million, up 20% year-over-year (20% in constant currency)[7] - Americas revenue was $786 million, up 19% year-over-year (19% in constant currency)[7] - AECO revenue was $878 million, up 23% year-over-year (24% in constant currency)[7] FY26 Outlook - Billings are projected to be between $7,355 million and $7,445 million[9] - Revenue is projected to be between $7,025 million and $7,075 million[9] - Free cash flow is projected to be between $2,200 million and $2,275 million[9]

Core Insights - Adobe's focus on integrating AI into its products is enhancing growth prospects, leading to an increase in full-year earnings guidance to $20.50-$20.70 per share, reflecting nearly 12% year-over-year growth [1][8] Financial Performance - Adobe reported a strong second-quarter fiscal 2025, with a 12% year-over-year increase in Annual Recurring Revenue (ARR) driven by the adoption of AI tools like Firefly and Acrobat AI Assistant [2][8] - The company generated $2.19 billion in operating cash flow and has $19.69 billion in remaining performance obligations, with 67% expected to be recognized within a year, supporting ongoing investments in innovation [3][8] Competitive Landscape - Autodesk is positioned well in the 3D design tools market with strong subscription growth, but its premium pricing limits mass-market appeal compared to Adobe's broader creative suite [4] - Microsoft holds a competitive edge with its cloud infrastructure and AI-powered productivity tools, offering deeper enterprise integration, which positions it as a comprehensive platform for digital transformation [5] Stock Performance and Valuation - Adobe shares have declined 18.2% year to date, contrasting with a 7.5% return in the broader Zacks Computer and Technology sector and a 16.8% rise in the Computer-Software industry [6] - The current forward 12-month Price/Sales ratio for Adobe is 6.19X, slightly below the sector average of 6.6X, with a Value Score of C [9] Earnings Estimates - The Zacks Consensus Estimate for Adobe's earnings is $20.63 per share for fiscal 2025, indicating a year-over-year growth of 12%, with a recent upward revision of 1.3% over the past 30 days [12]

Core Viewpoint - The rapid development of the industrial internet necessitates the transition from traditional 2D interfaces to 3D scene construction, which provides powerful visualization capabilities essential for industrial digital transformation [1] Group 1: Key Technologies - 3D scene construction relies on several key technologies, including modeling techniques such as polygon modeling and surface modeling, which cater to different industrial design needs [1] - Texture mapping technology enhances models with realistic materials and details, while animation technology brings static models to life by simulating operations and processes [1] - Virtual reality (VR) and augmented reality (AR) technologies are integrated with 3D scene construction, allowing users to engage in immersive experiences for tasks like equipment inspection and training [1] Group 2: Software Tools - The market offers a variety of 3D scene construction software, each with its strengths, such as 3ds Max for comprehensive modeling and animation, and Maya for precise control over complex animations [3] - Blender, as an open-source software, attracts beginners due to its lightweight nature and ease of use, enabling users to quickly acquire basic construction skills [3] Group 3: Construction Process - The 3D scene construction process involves a rigorous workflow, starting with data collection to understand equipment parameters and production processes, followed by modeling, texturing, and lighting [4] - After completing the model, thorough testing is conducted to ensure performance metrics like loading speed and animation fluidity meet standards, with necessary optimizations made [4] - Vuli Maku Cloud has emerged as a preferred platform for many enterprises, integrating advanced 3D modeling technologies that allow for quick and detailed industrial scene construction without complex operations [4] Group 4: Data Integration and Future Value - Vuli Maku Cloud also possesses strong data integration capabilities, linking 3D scenes with real-time data from the industrial internet, enabling dynamic displays of equipment status for better decision-making [5] - The support from Vuli Maku Cloud is expected to enhance the value of 3D scene construction in the industrial internet sector, propelling the industrial digital transformation to new heights [5]

图片来源： Sesame 红杉资本、A16Z 最近讨论了对语音人工智能初创公司 Sesame 的融资。该公司专注于开发人工智能语音助手和可穿戴设备。 红杉资本、 A16Z 以及一家支持消息应用 Discord 的四年历史投资公司 Northstar.vc ， 最近讨论了对该初创公司的投资。 据消息人士透露， Sesame 最近讨论了至少筹集 2 亿美元的资金，尽管交易尚未最终确定，条款和参与投资者可能会发生变化。 这些人中的一位表示，该 公司曾讨论过数十亿美元的估值。 Sesame CEO 布伦丹·伊里贝（ Brendan Iribe ）曾共同创办虚拟现实公司 Oculus VR。交易谈判突显了风险投资对能够像人类一样交流的人工智能日益增长 的兴趣。 OpenAI 首席执行官山姆·阿尔特曼和其他人工智能领袖一直在努力开发这样的能力，以期推出类似于斯派克·琼斯电影《她》中所见的语音助手。但这项技 术仍处于初期阶段，尚未出现领先者。 根据他的 LinkedIn 页面，伊里贝于 2023 年中期共同创办了 Sesame 。 Sesame 开发了名为 Maya 和 Miles 的语音伴侣，用户可以通过智能手机和笔记本 ...

Jensen Huang sees a path to $1 trillion in AI infrastructure. Is Wall Street buying it?In this podcast, Motley Fool analyst Asit Sharma and host Mary Long discuss Nvidia's "Super Bowl of AI," plus:The coming generation of chips.Increased competition from hyperscalers.Partnerships in fast food, autonomous driving, and robotics.Then, we answer some listener questions about early stock analysis, how healthcare companies are using AI, and how to factor in customer experience to investment decisions.Got a questi ...

This presentation contains forward-looking statements that involve risks and uncertainties, including quotations from management, statements in the paragraphs under "Business Outlook" above, statements regarding reallocating internal resources, our new transaction model and sales and marketing optimization, statements about our short-term and long-term goals, statements regarding our strategies, market and product positions, performance and results, statements regarding our share repurchase programs, and al ...