Adobe Raises 2026 Outlook After Record $6.62 Billion Quarter; CFO Dan Durn to Depart

businesscompany-earningsstocksaiai-sector-impact 6 posts · 6 accounts

Adobe reported record fiscal second-quarter revenue of $6.62 billion, up 13% from a year earlier, and non-GAAP earnings per share of $5.96, both ahead of estimates. The company forecast third-quarter revenue of $6.67 billion to $6.72 billion and adjusted EPS of $6.05 to $6.10, also above expectations, and said it was raising its full-year fiscal 2026 revenue and non-GAAP EPS targets.

Chief Executive Officer Shantanu Narayen said the quarter reflected strong AI-driven demand, while Adobe's AI-first annualized recurring revenue exceeded $500 million, up 200% year over year. The company also said Chief Financial Officer Dan Durn will leave on June 15 and Steve Day will serve as interim CFO; shares fell in after-hours trading to about $206.

From the sources (6 posts)

@alphasenseinc

$ADBE Earnings: - Adobe achieved record revenue of $6.62 billion in its second quarter of FY2026, which represents 13% year-over-year growth, or 11% in constant currency. - Diluted earnings per share was $4.25 on a GAAP basis and $5.96 on

@firstsquawk

ADOBE Q2 FY26 EARNINGS — BEATS ACROSS THE BOARD REVENUE: $6.62B BEAT (EST $6.45B) ADJ EPS: $5.96 BEAT (EST $5.83) REMAINING PERFORMANCE OBLIGATIONS: $22.27B BEAT (EST $22.11B) Q3 REVENUE GUIDANCE: $6.67B–$6.72B BEAT (EST $6.51B) Q3 ADJ

@stocksavvyshay

$ADBE Q2 EARNINGS • Sales $6.62B vs Est. $6.46B • EPS $5.96 vs Est. $5.82 • RPO $22.3B vs. Est. $22.1B • AI-first ARR: >$500M (+200% YoY) Q3 Guidance • Sales $6.7B vs Est. $6.5B • EPS $6.08 vs Est. $5.77 2026 Outlook • Sales $26.6B vs Es

@stockmktnewz

Adobe $ADBE just announced its CFO will be stepping down effective June 15th

@zerohedge

*ADOBE SEES 3Q REV. $6.67B TO $6.72B, EST. $6.51B *ADOBE CFO DAN DURN DEPARTING COMPANY JUNE 15 Stock tumbles AH to $206, lowest since 2019

@thetranscript_

Adobe CEO: "Adobe delivered record revenue of $6.62 billion in Q2 reflecting strong AI-driven demand across our customer groups and we are raising our full-year fiscal 2026 revenue and non-GAAP EPS targets on the strength of that performanc

Market impact

22 small

ADBE

Why it matters: A beat-and-raise print undercut by a CFO departure and a stock that fell after-hours to its lowest since 2019 is an idiosyncratic single-name move with no genuine read-through to software peers or a sector ETF.

At publish time: Headline pairs a raised 2026 outlook and record quarter with a CFO departure, and the summary notes shares fell in after-hours to ~$206 despite the beat — a negative single-name reaction.

model confidence: high

What happened next

1–2 weeks later

mixed

Only Adobe follow-up reframes the same record quarter bullishly (AI ARR tripled past $500M, market too bearish); no confirmed post-drop price move, other items unrelated.

based on follow-up coverage

Follow-up coverage

Jun 22

Adobe Posts Record $6.62 Billion Q2 Revenue, AI-First ARR Tops $500 Million

matched on: adobe, record
Jun 25

ASE Raises 2026 Capital Spending to $8.5 Billion as AI Chip Demand Doubles Revenue Outlook

matched on: outlook, raises
Jun 27

Robotics Investment Hits Record $16 Billion in First Quarter of 2026

matched on: quarter, record
Jun 29

UBS Raises Marvell and Astera Labs Targets on Compute Express Link Outlook

matched on: outlook, raises

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