Adobe delivered stronger numbers, but investors focused on a growing leadership problem. The company raised its fiscal 2026 revenue forecast to between $26.5 billion and $26.6 billion and increased its adjusted earnings guidance to between $24.35 and $24.45 per share.

Despite that progress, $ADBE fell about 5% in extended trading after CFO Dan Durn announced his departure. Durn is moving to Marvell Technology, while Steve Day will become Adobe’s interim CFO from June 15.

Winners

AI-native design and productivity challengers

Adobe’s leadership uncertainty may create an opening for companies offering simpler, collaborative or heavily integrated AI tools. Figma is the clearest direct beneficiary because it competes for professional designers and product teams.

Microsoft and Alphabet can place AI-assisted  ...