Adobe Inc. reported record third-quarter fiscal 2026 results for the period ended August 28, 2026, achieving total revenue of $6.76 billion, representing 13% year-over-year growth. Diluted earnings per share reached $4.62 on a GAAP basis and $6.13 on a non-GAAP basis. Total Annualized Recurring Revenue (ARR) exited the quarter at $27.50 billion, while Adobe surpassed one billion monthly active users across its creativity and productivity solutions. The company repurchased approximately 9.5 million shares during the quarter and raised full-year revenue and EPS targets. Adobe Inc. operates in the software industry, providing creative, marketing, document management, and digital experience platforms.

Adobe Inc. announced a leadership transition effective December 1, 2026. Anil Chakravarthy, currently President of the Customer Experience Orchestration Business, will succeed Shantanu Narayen as President and Chief Executive Officer and join the Board. Mr. Narayen will retire as CEO and assume the role of Executive Chair to support a smooth transition. Additionally, David Wadhwani notified the Company of his decision to step down from his position as President, Creativity & Productivity Business, effective September 27, 2026, while remaining as a senior advisor during the transition period. Adobe Inc. develops software and digital media solutions for creativity, productivity, and customer experience.

Adobe Inc. approved a retention letter for Louise Pentland, Chief Legal Officer and Executive Vice President, providing severance benefits in the event of a termination without Cause or for Good Reason. Benefits include a lump-sum cash payment of 12 months' base salary plus 100% target annual bonus, COBRA premiums for 12 months, and potential accelerated RSU vesting. Adobe Inc. is a software company that provides creative and document management solutions.

Daniel Durn resigned as Chief Financial Officer and Executive Vice President, effective June 15, 2026, and Steven Day was appointed as interim Chief Financial Officer. Adobe Inc. is a software company that provides creative, document, and experience management solutions.

Adobe has authorized a new stock repurchase program of up to $25 billion through April 30, 2030, intended to return value to shareholders and reduce share count. Additionally, stockholders approved an amendment to the 2019 Equity Incentive Plan to increase the available share reserve by 12 million shares. This massive buyback authorization signals a significant commitment to capital return and managing long-term dilution.

Adobe reported record financial results for its first quarter of fiscal year 2026 and announced that CEO Shantanu Narayen will transition from his role once a successor is appointed. While Narayen will remain Chair of the Board, this leadership succession introduces a significant management change occurring alongside the company's strong quarterly performance.