04:30 PM EDT, 03/12/2026 (MT Newswires) -- (Updates with CEO transition announcement in the headline and 6th and 7th paragraphs.)

Adobe (ADBE) reported fiscal Q1 adjusted earnings late Thursday of $6.06 per diluted share, up from $5.08 a year earlier.

Analysts polled by FactSet expected $5.87.

Revenue in the three months ended Feb. 27 rose to $6.4 billion from $5.71 billion a year earlier.

Analysts surveyed by FactSet expected $6.28 billion.

The company expects Q2 adjusted EPS of $5.80 to $5.85 on revenue of $6.43 billion to $6.48 billion. Analysts expect EPS of $5.68 on revenue of $6.43 billion.

Separately, the company said Thursday its chief executive officer of eighteen years, Shantanu Narayen, has decided to transition from his role after a successor has been appointed. He will remain as chair of the board, Adobe added.

Frank Calderoni, a lead independent director of Adobe, will chair a special committee to oversee the CEO transition process, considering both internal and external candidates, the company said.

Adobe shares fell 6.5% in after-hours trading.