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Adobe (ADBE.O) on Tuesday said its board of directors has approved a new $25 billion stock repurchase program through April 30, 2030, sending its shares up around 2% in extended trading.
The company's shares have fallen around 30% so far this year as investors weigh the outcome of new agentic tools that many fear could hamper demand for traditional software and design products such as those provided by Adobe.
"Our new $25 billion share repurchase authorization is a direct expression of confidence in our robust cash flow and the long-term value we are delivering to investors," said Adobe CFO Dan Durn.
