…but it’s a narrow ruling:
The verdict criticized the [Colorado’s] treatment of [baker] Jack Phillips’ religious objections to gay marriage, ruling that a civil rights commission was biased against him. As a result, the decision did not resolve whether other opponents of same-sex marriage, such as florists and photographers, can refuse commercial wedding services to gay couples.
Justice Anthony Kennedy wrote the court’s 7-2 decision against the same-sex couple, departing from his long history of opinions in favor of gay rights dating back a generation.
The text of the decision can be found here (there are separate concurring opinions by Gorsuch, Kagan, and Thomas, with separate dissenting opinions by Ginsburg and Sotomayor). The gist of it appears to be that in this particular case the religious rights of the baker were infringed upon, because the Coloado commission did not take them into account, but that the ruling does not mean the court would rule in favor of all bakers in every case. The ruling is “tailored to the case at hand,” and:
The [Colorado] Commission’s hostility was inconsistent with the First Amendment’s guarantee that our laws be applied in a manner that is neutral toward religion. Philli was entitled to a neutral decisionmaker who would give full and fair consideration to his religious objection as he sought to assert it in all of the circumstances in which this case was presented, considered, and decided…
The outcome of cases like this in other circumstances must await further elaboration in the courts, all in the context of recognizing that these disputes must be resolved with tolerance, without undue disrespect to sincere religious beliefs, and without subjecting gay persons to indignities when they seek goods and services in an open market.
In other words, it’s a balancing act, but the rights of each side should be protected as much as possible without trampling on one or the other. Another interesting statement refers to the rights of clergy, although they were not the subject of this case:
When it comes to weddings, it can be assumed that a member of the clergy who objects to gay marriage on moral and religious grounds could not be compelled to perform the ceremony without denial of his or her right to the free exercise of religion.
However—and I’m doing this in part from my memory of things learned in law school, which is pretty long ago—I do not think that the statement on clergy creates any sort of binding precedent, because “resolution of that question” was not “necessary to the disposition of the precedent case,” one of the requirements for a precedent to be binding. However, it’s an indication of the way this particular Supreme Court would be ruling if such a case came up. As for future SCOTUS courts, all bets are off and it depends on their left/right composition.
I haven’t read the 59-page decision, although I hope to at least skim it. I’m very curious about the deeper reasoning involved, but I agree with the outcome as I understand it so far. I also think it’s interesting that it didn’t break down exactly along the usual liberal/conservative lines. That’s encouraging.

