Adobe CEO Shantanu Narayen announced he will step down after 18 years leading the company, with no specific reason given. The announcement came during Adobe's Q1 2026 earnings call, where the company reported record revenue of $6.4 billion, up 12% year-over-year. AI-related metrics showed strong growth, with generative AI credit consumption up 45% quarter-over-quarter and video generation usage rising 8x year-over-year. However, the traditional stock image business declined faster than expected, slightly missing recurring revenue growth targets. The board will search for a successor internally and externally, with AI strategy central to the role.
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