Last mentioned: 2d ago
Q1 2026 Earnings Release
Adobe reports record $6.40B revenue and 47.4% non-GAAP operating margin.
CEO Transition Announcement
Shantanu Narayen announces plans to step down as CEO; Frank Calderoni to lead search for successor.
AI Growth Milestone
Company reveals AI-first ARR has tripled year-over-year, driven by Firefly and Acrobat AI Assistant.
Share Repurchase Update
Adobe confirms 8.1 million shares repurchased in Q1 with $3.89B remaining in authorization.
Succession Announcement
Announces plan to step down as CEO while remaining Board Chair.
Creative Cloud Launch
Initiates the pivot from perpetual licenses to cloud subscriptions.
Appointed CEO
Takes the helm of Adobe, succeeding Bruce Chizen.
Joins Adobe
Enters the company as VP and GM of the engineering technology group.
Apple Tenure
Narayen begins a six-year stint at Apple in product development.
Adobe CEO Shantanu Narayen has announced his intention to step down after nearly two decades at the helm, a period marked by the company's historic pivot to a subscription-based cloud model. Narayen will remain as Board Chair to oversee the transition as Adobe navigates the burgeoning era of generative AI.
Adobe reported record Q1 2026 revenue of $6.40 billion, driven by a tripling of AI-first ARR and strong adoption across its Creative and Experience Clouds. Long-time CEO Shantanu Narayen announced he will step down from the role while remaining Chairman, marking a significant leadership shift as the company doubles down on generative AI integration.