ADOBE INC. 8-K

What Happened

• Adobe filed an 8-K on March 12, 2026 reporting financial results for its first quarter of fiscal 2026 (quarter ended February 27, 2026) and furnished a press release titled “Adobe Delivers Record Q1 Results” (Exhibit 99.1). The press release includes GAAP and non‑GAAP metrics such as adjusted/constant-currency revenue growth, non‑GAAP operating income, non‑GAAP net income, non‑GAAP diluted EPS, non‑GAAP operating margin and non‑GAAP tax rate.
• Separately, on March 9, 2026 Shantanu Narayen notified Adobe of his decision to transition from his role as Chief Executive Officer; he will remain CEO until his successor is appointed and will continue as Chair of the Board. A company press release and Narayen’s message to employees dated March 12, 2026 are furnished as Exhibits 99.2 and 99.3.

Key Details

• Filing date: March 12, 2026; quarter end: February 27, 2026.
• Press release with results furnished (Exhibit 99.1); non‑GAAP measures included and explained but are “furnished” (not “filed”) and not GAAP.
• CEO transition notice dated March 9, 2026; Narayen remains CEO until successor named and stays Board Chair.
• Non‑GAAP adjustments disclosed include exclusions for stock‑based compensation, amortization of intangibles, acquisition costs, investment gains/losses, certain litigation accruals, lease impairments and tax adjustments.

Why It Matters

• Quarterly results labeled “record” suggest strong near‑term revenue/earnings momentum; investors should review the attached press release (Exhibit 99.1) for the specific revenue, EPS and growth figures and the company’s commentary.
• The announced CEO transition is a material leadership change. Because Narayen will remain CEO until a successor is appointed and will continue as Chair, there is no immediate leadership gap, but investors will watch the succession process and any strategic or management shifts that follow.
• The filing’s emphasis on non‑GAAP measures means investors should compare both GAAP and non‑GAAP figures to get a full view of operating performance.