Adobe Beats Q2 Estimates, Raises Outlook as CFO Dan Durn Exits

Adobe reported fiscal second-quarter results that topped Wall Street expectations, raised its full-year outlook and disclosed that Chief Financial Officer Dan Durn will leave the company on June 15.

The results gave investors a fresh read on how Adobe's business is performing as the company tries to show that artificial intelligence is supporting growth rather than disrupting its core software franchise. The stock fell in after-hours trading after the earnings release and leadership news.

Q2 Results

Adobe said revenue in the quarter reached $6.62 billion, up 13% from a year earlier. Adjusted earnings were $5.96 a share, above analyst estimates.

Chief Executive Shantanu Narayen said the quarter and updated outlook reflected strong AI-driven demand across customer groups. That message has become central for Adobe as investors watch whether its AI products can translate into sustained revenue growth.

Outlook Raised

Along with the quarterly beat, Adobe lifted its fiscal 2026 guidance. The company now expects full-year revenue of $26.5 billion to $26.6 billion and adjusted earnings of $24.35 to $24.45 a share.

Adobe also guided above Wall Street expectations for the fiscal third quarter. It forecast revenue of $6.67 billion to $6.72 billion and adjusted earnings of $6.05 to $6.10 a share.

The raised outlook suggests management sees demand holding up well into the second half of the year, even as software investors remain sensitive to signs that AI competition could pressure legacy products.

CFO Departure

Adobe said Durn will leave on June 15. Steve Day, senior vice president of corporate finance, will serve as interim CFO.

Market coverage said Durn is expected to become CFO at Marvell Technology, although Adobe said only that he is leaving to pursue another opportunity. The difference does not change the immediate reporting fact: Adobe is losing its finance chief just as it is trying to sustain momentum in its business and guidance.

Leadership Transition

The CFO change adds another layer of turnover at the top of the company. Narayen said in March that he would step down once a successor is appointed, putting Adobe in the middle of a broader leadership transition already underway.

That makes the finance chief departure especially noteworthy for investors. It raises questions about how quickly Adobe will settle its permanent leadership lineup and how the company will manage execution during the transition.

What Investors Will Watch

The next focus will be on whether Adobe can keep converting AI-related demand into durable growth and whether the raised outlook proves sustainable. Investors will also watch for any formal confirmation from Marvell on Durn's next role.

Another near-term question is whether Adobe names a permanent CFO quickly or keeps the interim arrangement in place for longer. For now, the company has paired a strong earnings report with a potentially messy leadership change, leaving the market to weigh both signals at once.