David Wadhwani

Person

Last mentioned: Mar 13, 2026

Timeline

  1. Successor Search Phase

    Board and Frank Calderoni evaluate internal and external candidates.

  2. AI Integration Milestone

    Continued rollout of GenStudio and Acrobat AI Assistant features across enterprise clients.

  3. Resignation Announcement

    Narayen announces plans to step down, sparking a search for a successor.

  4. Q1 2026 Earnings Release

    Adobe reports record revenue and tripling of AI-first ARR.

  5. CEO Transition Announcement

    Shantanu Narayen announces move to Executive Chair; successor search begins.

  6. Figma Deal Terminated

    Adobe and Figma abandon their $20B merger due to regulatory opposition in the UK and EU.

  7. Firefly Launch

    Adobe enters the generative AI race with the launch of its Firefly model family.

  8. Creative Cloud Pivot

    Adobe transitions from perpetual licenses to a subscription-based SaaS model.

  9. CEO Appointment

    Shantanu Narayen takes over as CEO of Adobe.

Stories mentioning David Wadhwani 2

MarTech Neutral

Adobe’s 2026 Leadership Pivot: Shantanu Narayen to Step Down After 18 Years

Adobe CEO Shantanu Narayen has announced his intention to step down after an 18-year tenure that transformed the company into a SaaS powerhouse. While Q1 2026 earnings exceeded expectations, the leadership transition has sparked investor debate over Adobe's ability to navigate the intensifying generative AI landscape.

2 sources
MarTech Bullish

Adobe Q1 2026: AI Revenue Triples as CEO Shantanu Narayen Steps Down

Adobe delivered a record-breaking Q1 2026 with $6.4 billion in revenue, driven by a 3x surge in AI-first recurring revenue. The quarter was marked by the announcement that long-time CEO Shantanu Narayen will transition to Executive Chair, initiating a search for a successor to lead the company's next AI-centric era.

2 sources

About David Wadhwani coverage

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