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AI brief of an SEC Form 8-K · Adobe (ADBE)

Adobe CEO Narayen to step down once successor named; Q1 revenue up 12%

Mixed Impact 4 of 5 leadership Written later

Adobe reported record first-quarter fiscal 2026 revenue of $6.40 billion, up 12% year over year, and GAAP diluted earnings per share of $4.60. CEO Shantanu Narayen also said he will transition from the CEO role once a successor is appointed, and he will remain Chair of the Board. Adobe has not named a successor, and the search is ongoing.

Key points

  • Q1 fiscal 2026 revenue was $6.40 billion, up 12% year over year (11% in constant currency).
  • Non-GAAP diluted EPS was $6.06, compared with $5.08 a year earlier; GAAP diluted EPS was $4.60, compared with $4.14.
  • Second-quarter fiscal 2026 targets: revenue of $6.43 billion to $6.48 billion and non-GAAP EPS of $5.80 to $5.85; Adobe reaffirmed its FY2026 targets.
  • Narayen, CEO for eighteen years, will stay as CEO until a successor is appointed; a special committee led by Frank Calderoni is running the search.

The filing

CompanyAdobe (ADBE)
Form8-K, current report
Filed with the SECMar 12, 2026, 4:09 PM ET
Accession number0000796343-26-000048

Items reported: 2.02 Results of Operations5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:21 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 12, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.