Adobe FY2026 Q2 Results and Executive Update
Adobe announced that its fiscal second‑quarter 2026 posted adjusted earnings of $5.96 per share on revenue of $6.62 billion, surpassing analyst expectations of $5.82 per share and $6.46 billion in revenue. The company highlighted that annualized recurring revenue (ARR) linked to its artificial‑intelligence offerings tripled year‑over‑year, bringing total ARR to $27.10 billion at quarter end, up from $26.06 billion a year earlier. Remaining performance obligations rose modestly to $22.27 billion, compared with $22.22 billion at the close of the prior quarter.
For the upcoming third quarter, Adobe projected adjusted earnings in the range of $6.05 to $6.10 per share and revenue between $6.67 billion and $6.72 billion, outpacing consensus forecasts of $5.77 per share and $6.51 billion in revenue. The firm also raised its full‑year fiscal 2026 outlook, now targeting revenue of $26.50 billion to $26.60 billion and adjusted earnings of $24.35 to $24.45 per share, versus analyst expectations of $26.09 billion and $23.56 per share.
In a concurrent leadership announcement, Chief Financial Officer Dan Durn will depart Adobe on June 15, 2026 to pursue a new professional opportunity. Steve Day, senior vice‑president of corporate finance, will assume the role of interim CFO. The CFO change follows a prior executive transition announced in March, when CEO Shantanu Narayen indicated his intention to step down after a long tenure.
Following the CFO news, Adobe’s shares declined 5.2% in extended trading, despite the strong earnings beat and raised guidance.