Every material Form 8-K Adobe filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Adobe reported third quarter fiscal 2026 results for the quarter ended August 28, 2026, with revenue of $6.76 billion, up 13% year over year, and non-GAAP diluted earnings per share of $6.13, up from $5.31 a year earlier. The company also raised its full-year fiscal 2026 revenue and earnings per share targets, which matters to shareholders because it signals higher expected profit for the year.
Q3 FY2026 revenue was $6.76 billion, up 13% year over year (12% in constant currency).
Diluted EPS was $4.62 on a GAAP basis (vs. $4.18) and $6.13 on a non-GAAP basis (vs. $5.31).
FY2026 revenue target is now $26.576 billion to $26.626 billion; non-GAAP EPS target is $24.45 to $24.50.
Q4 FY2026 revenue target is $6.80 billion to $6.85 billion; Q3 share repurchases were about 9.5 million shares.
Adobe's board appointed Anil Chakravarthy, currently president of the Customer Experience Orchestration business, as president and chief executive officer effective December 1, 2026. Shantanu Narayen, the current chair and CEO, will retire as CEO and become Executive Chair, and David Wadhwani is stepping down as president of the Creativity & Productivity business effective September 27, 2026. The filing contains no financial results, so the change is a leadership transition rather than a change in reported performance.
Anil Chakravarthy named President and CEO and board member, effective December 1, 2026
Shantanu Narayen retires as CEO and becomes Executive Chair of the Board on the same date
David Wadhwani steps down as President, Creativity & Productivity Business, effective September 27, 2026, and remains as a senior advisor for a transition period
Adobe plans to hold its Q3 FY2026 earnings call on September 10
On July 14, 2026, Adobe's Executive Compensation Committee approved a form of retention letter with Chief Legal Officer Louise Pentland. It sets severance benefits if she is terminated without Cause or resigns for Good Reason, and the protections are designed to end 12 months after a new Chief Executive Officer starts. The filing does not name the incoming CEO or give a start date, so shareholders can see the cost terms but not the timing.
Severance on qualifying termination: a lump-sum payment of 12 months' base salary plus 100% of target annual bonus, plus COBRA premiums for up to 12 months.
If terminated before July 15, 2027, 50% of certain restricted stock unit awards (Retention RSUs) vest early.
If terminated before January 31, 2027, other time-based equity awards vest for the portion that would have vested through January 31, 2027.
The protections sunset 12 months after the new CEO commences employment; severance is conditioned on a release of claims.
Adobe reported record second-quarter fiscal 2026 revenue of $6.62 billion, up 13% year over year, and non-GAAP diluted EPS of $5.96, up from $5.06. The company raised its fiscal 2026 revenue and non-GAAP EPS targets, while CFO Dan Durn resigns effective June 15, 2026, and Steve Day becomes interim CFO.
Q2 revenue $6.62 billion, up 13% (11% in constant currency); GAAP diluted EPS $4.25 including a $0.17 goodwill impairment charge
Non-GAAP diluted EPS $5.96 versus $5.06 a year earlier; GAAP diluted EPS $4.25 versus $3.94
Updated FY2026 revenue target $26.50 billion to $26.60 billion; non-GAAP EPS target $24.35 to $24.45
Dan Durn resigns as CFO effective June 15, 2026; Steve Day named interim CFO
Adobe's board approved a stock repurchase authorization of up to $25 billion in common stock through April 30, 2030, announced April 21, 2026. Adobe may buy shares in the open market or through structured repurchase agreements, but it has no obligation to repurchase any amount. At the April 15, 2026 annual meeting, stockholders also approved a 12 million share increase to the 2019 Equity Incentive Plan and rejected all four stockholder proposals.
Board authorized repurchases of up to $25 billion in common stock through April 30, 2030.
Repurchases may be made in the open market or through structured repurchase agreements; timing and amount are at Adobe's discretion.
Stockholders approved a 12 million share increase to the 2019 Equity Incentive Plan on April 15, 2026.
Stockholders did not approve proposals five through eight, including a golden parachute vote and a climate risk proposal.
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.
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.
Adobe's board committee approved a 2026 Performance Share Program for executives, tied 50% to relative stock return against NASDAQ-100 companies and 50% to Net New Sales growth over fiscal 2026-2028. The committee also approved a 2026 Executive Annual Incentive Plan and adopted a cash severance policy capping new severance at 2.99 times salary plus target bonus without stockholder ratification.
Performance Share Program covers calendar 2026-2028 relative TSR and fiscal 2026-2028 Net New Sales goals, with payouts from 0% to 200% of target
Chair and CEO Shantanu Narayen's target performance share award is 106,672 shares, with a maximum of 213,344 shares
Incentive Plan requires at least 95% of fiscal 2026 revenue and EPS targets; CEO target bonus is 200% of base salary
Cash Severance Policy limits new executive cash severance to 2.99 times base salary plus target annual bonus absent stockholder ratification
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Adobe filing is on SEC EDGAR ↗. 8-K briefs of other companies →