Adobe has revealed plans to repurchase up to $25 billion of its stock over the next four years, following a decline in its share price due to concerns about artificial intelligence disruption.

The new authorization "directly reflects our confidence in strong cash flow generation and creating long-term value for shareholders," said Chief Financial Officer Dan Durn in a statement released on Tuesday.

Adobe's stock rose approximately 2% in after-hours trading in New York on Tuesday, following a closing price of $247.18. The stock has declined 29% since the beginning of the year.

This new buyback authorization comes just two years after the company announced another $25 billion repurchase program in March 2024, which is now nearing completion.