Adobe said CFO Dan Durn will leave his post on Monday, June 15, 2026, amid the company’s ongoing search for a new CEO to succeed Shantanu Narayen, who announced his departure in March after 18 years leading the company [1, 2].
The announcement came shortly after Adobe reported strong second-quarter revenue of $6.62 billion, a 13% increase year over year that beat analyst expectations of $6.45 billion. Creative and marketing subscriptions drove $4.54 billion of that revenue, while enterprise and consumer tools contributed $1.85 billion [2]. Adjusted earnings per share came in at $5.96, surpassing forecasts [2]. Annual recurring revenue reached $27.1 billion.
Despite the solid financial results, Adobe’s stock dropped 5.4% in after-hours trading on June 10 and had already fallen 6.25% during regular trading due to news of Durn’s departure. The stock has fallen roughly 37% year to date, trading near a seven-year low [2].
Gil Luria, an analyst at D.A. Davidson & Co, said investors are uneasy about leadership changes taking place simultaneously. "When a CEO changes, you typically don’t want the CFO to change at the same time. Clearly, investors are currently uncomfortable with transitions in both roles happening together," he said [2].
Looking ahead, Adobe issued guidance for third-quarter revenue between $6.67 billion and $6.72 billion with adjusted EPS forecast between $6.05 and $6.10 [2]. The company continues its search for a CEO as it prepares for this leadership transition phase [1, 2].
