Adobe just posted a quarter that most companies would frame and hang on the wall. Revenue of $6.62 billion, comfortably beating analyst expectations. A raised full-year outlook. Growing AI revenue streams. And yet, the stock dropped.
The reason: CFO Dan Durn is leaving the company, effective June 15. He’s heading to Marvell Technology to serve as its new chief financial officer. Adobe shares fell roughly 5% in after-hours trading, a stark reminder that Wall Street cares about who’s steering the ship just as much as where it’s going.
The numbers looked great, then the other shoe dropped
Adobe’s fiscal Q2 2026 results were genuinely strong. The $6.62 billion revenue figure topped consensus estimates that ranged from $6.45 to $6.46 billion. The company also raised its full-year revenue guidance to between $26.5 and $26.6 billion.
Steve Day, Adobe’s senior vice president of corporate finance, has stepped into the interim CFO role.
