Every 8-K that Adobe Inc (ADBE) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow ADBE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ADBE filings page.
ADOBE INC. (ADBE) announced a planned leadership transition with Anil Chakravarthy, currently President of the Customer Experience Orchestration business and worldwide field operations, appointed as President and Chief Executive Officer and as a Board member effective December 1, 2026. On that date, current Chair and CEO Shantanu Narayen will retire from the CEO role and become Executive Chair of the Board. The Board determined these appointments independently of any arrangements with other persons and confirmed there are no family relationships or related-party transactions requiring disclosure. Separately, David Wadhwani will step down as President, Creativity & Productivity Business effective September 27, 2026, and will remain as a senior advisor for a transition period. Adobe furnished a press release dated September 3, 2026 describing these leadership changes.
Adobe Inc. approved a retention letter providing temporary severance protections for Chief Legal Officer Louise Pentland. If her employment is terminated by Adobe without Cause or by her for Good Reason, she is entitled to a lump-sum cash payment equal to 12 months of base salary plus 100% of her target annual bonus, payment of COBRA premiums for up to 12 months, and specified equity vesting acceleration. Certain restricted stock units accelerate 50% if a qualifying termination occurs before July 15, 2027, and portions of other time-based equity awards accelerate if it occurs before January 31, 2027. These protections will sunset 12 months after the new Chief Executive Officer begins employment.
Adobe Inc. reported record second quarter FY2026 revenue of $6.62 billion, up 13% year over year (11% in constant currency), driven mainly by subscription revenue. GAAP diluted EPS was $4.25, while non-GAAP diluted EPS was $5.96, reflecting adjustments for stock-based compensation, goodwill impairment and other items.
Total annualized recurring revenue reached $27.10 billion, and operating cash flow was $2.17 billion. The company raised its FY2026 targets, guiding total revenue to $26.50–$26.60 billion and non-GAAP EPS to $24.35–$24.45. Adobe also announced that CFO Daniel Durn will resign effective June 15, 2026, with Steven Day appointed as interim CFO.
Adobe Inc. reported results of its 2026 annual stockholder meeting and a major new capital return plan. Stockholders approved an amendment to the 2019 Equity Incentive Plan to increase the available share reserve by 12 million shares, supporting future stock-based compensation and incentives.
All eleven director nominees were elected, the amended 2019 Plan was approved, KPMG LLP was ratified as independent auditor for the fiscal year ending November 27, 2026, and an advisory vote approved executive compensation. Stockholders did not approve four stockholder proposals covering golden parachute votes, a board matrix, a civil liberties report, and retirement plan climate risk.
Adobe also announced that its board authorized a new stock repurchase program of up to $25 billion in common stock through April 30, 2030. The company may buy shares on the open market or via structured repurchase agreements, with timing and amount of repurchases determined at Adobe’s discretion.
Adobe Inc. reported record first-quarter FY2026 results while announcing a planned CEO transition. Revenue reached $6.40 billion, up 12% year over year (11% in constant currency), driven by subscription revenue growth of 13% and AI-first annualized recurring revenue more than tripling.
GAAP diluted EPS was $4.60 and non-GAAP diluted EPS was $6.06. GAAP operating income was $2.42 billion, with non-GAAP operating income of $3.04 billion. Operating cash flow hit a record $2.96 billion, and total ARR exiting the quarter was $26.06 billion.
Adobe issued Q2 FY2026 guidance for total revenue of $6.43 billion to $6.48 billion and non-GAAP EPS of $5.80 to $5.85, and reaffirmed its full-year FY2026 targets. Separately, long-time CEO Shantanu Narayen decided to transition from his role after a successor is appointed while remaining Chair, with the Board beginning a search led by director Frank Calderoni.
Adobe Inc. updated its executive compensation structure for 2026. The board’s compensation committee approved a 2026 Performance Share Program that grants performance-based stock to senior executives, split 50/50 between a three-year relative total shareholder return test and annual net new sales goals for fiscal years 2026–2028.
Relative TSR will compare Adobe’s stock performance to NASDAQ-100 companies, with no payout below the 25th percentile and a cap at target if absolute return is negative. Net new sales goals are based on annualized recurring revenue growth, with all earned shares vesting on January 24, 2029, subject to continued service.
For 2026, target performance share awards include 106,672 shares for the CEO and 27,631 for the CFO, with a 200% payout cap. Adobe also set a 2026 cash incentive plan requiring at least 95% of both revenue and EPS targets, with CEO bonus opportunity up to 310% of salary, and adopted a cash severance policy limiting new executive cash severance to 2.99 times salary plus target bonus without stockholder ratification.
Adobe Inc. furnished an update on its third quarter fiscal 2025 results and outlook through a press release for the quarter ended August 29, 2025, attached as Exhibit 99.1.
The exhibit, titled “Adobe Raises FY25 Digital Media ARR Growth, Total Revenue, and EPS Targets,” indicates the company has increased its fiscal 2025 targets for subscription revenue, total revenue, and earnings per share. Adobe also explains that the release includes several non-GAAP metrics such as adjusted or constant currency revenue growth rates, non-GAAP operating income, net income, earnings per share, operating margin, and tax rate. The company details numerous exclusions—such as stock-based compensation, amortization of intangibles, acquisition-related costs, investment gains or losses, certain litigation contingencies, lease-related impairments, and specific tax adjustments—to clarify how management evaluates core operating performance alongside GAAP results.