Adobe Beats Q2 on $6.62 Billion Revenue as CFO Dan Durn Exits Next Week
Updated
Updated · Sherwood News · Jun 11
Adobe Beats Q2 on $6.62 Billion Revenue as CFO Dan Durn Exits Next Week
3 articles · Updated · Sherwood News · Jun 11
Summary
Adobe posted fiscal Q2 revenue of $6.62 billion and adjusted EPS of $5.96, topping analyst estimates of $6.45 billion and $5.82.
The company also raised full-year revenue and non-GAAP EPS guidance, with CEO Shantanu Narayen citing strong AI-driven demand across customer groups.
Dan Durn will step down as CFO next week to pursue another opportunity, adding to leadership turnover after Adobe said last quarter that Narayen would leave once a successor is appointed.
Shares still fell 5.5% after hours as investors remain focused on AI pressure on Adobe's core design business; the stock is down nearly 50% over 12 months despite a $25 billion buyback announced in April.