Adobe posts $6.76B quarter, 1B monthly users; Anil Chakravarthy becomes CEO Dec 1

shashib · x · 2026-09-12

Adobe reported a $6.76B quarter with 1 billion monthly users and announced Anil Chakravarthy will take the CEO job on December 1. Key numbers: ending ARR of $27.5B; AI-first ARR above $650M, up over 150%; 19% of Q3 sales funneled into research. The Topaz Labs acquisition from the June agreement is still unclosed—if completed, it would sharpen files people already open in Photoshop. The author, tracing Adobe from the Dreamweaver/ColdFusion era through the subscription pivot, argues the next expansion must be an entirely new category rather than verticals like Acrobat for campuses or GenStudio, and will scout Adobe MAX in Miami on November 10 for products with a new job and a new buyer.

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