Adobe appointed Anil Chakravarthy CEO as Adobe stock sits 31.60 percent below its high

Published on 10/12/2026 at 12:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adobe posted USD 6.76 billion revenue in fiscal Q3. Adobe stock costs EUR 216.13 on October 12, 2026 versus EUR 217.05 at Xetra on October 9.

Key points in brief

Adobe appointed Anil Chakravarthy as president and CEO effective December 1, 2026.
Fiscal third-quarter revenue reached USD 6.76 billion, up 13.00 percent year over year.
Adobe stock was at EUR 216.13 at Lang & Schwarz on October 12, 2026, versus the October 9 Xetra close of EUR 217.05.
The EUR 165.64 to EUR 316.00 52-week range places the current price 31.60 percent below its high.

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Adobe Inc. (ISIN US00724F1012) appointed Anil Chakravarthy as its next president and chief executive officer on October 6, 2026, with the leadership change taking effect on December 1, 2026, according to Intelligence360. Adobe stock was at EUR 216.13 at Lang & Schwarz on October 12, 2026, 31.60 percent below its EUR 316.00 52-week high.

Three events define the transition

On June 24, 2026, Adobe entered an agreement to acquire Topaz Labs for USD 340.00 million, according to Adobe's third-quarter filing. On September 10, 2026, the company reported fiscal third-quarter revenue of USD 6.76 billion, while the October 6 leadership announcement made the December 1 succession date the latest major corporate event.

What does the transition change?

Chakravarthy is set to succeed Shantanu Narayen, who moves to executive chair, as Adobe manages a leadership handoff alongside continued product investment. In the fiscal third quarter ended August 28, 2026, GAAP diluted earnings per share reached USD 4.62 and operating cash flow totaled USD 2.52 billion, according to Adobe. Those figures give the incoming chief executive a profitable base, but the market is still measuring whether artificial intelligence products can accelerate recurring revenue.

Revenue growth meets valuation pressure

Adobe's fiscal third-quarter revenue rose 13.00 percent year over year to USD 6.76 billion, while annualized recurring revenue increased 11.20 percent to USD 27.50 billion. Zacks reported that Adobe lifted its fiscal 2026 revenue outlook to USD 26.576 billion-USD 26.626 billion and its non-GAAP earnings outlook to USD 24.45-USD 24.50 per share.

The contrast is visible in the market data. The EUR 165.64 to EUR 316.00 52-week range leaves the Lang & Schwarz price 31.60 percent below the high, even as the latest quarter delivered double-digit revenue growth. Adobe's market capitalization was EUR 85.8 billion on October 12, 2026.

The next two dates

Adobe's leadership change is scheduled for December 1, 2026, while the next earnings date is listed as December 8, 2026, by Investing.com.

Adobe stock stays below its yearly high

Adobe stock was trading at EUR 216.13 at Lang & Schwarz on October 12, 2026 at 11:55 a.m. CEST, down EUR 0.92 or 0.42 percent versus the Xetra close of October 9, 2026 at EUR 217.05. The reference price remains 31.60 percent below the 52-week high of EUR 316.00.
The further course of trading is shown by the continuously updated real-time quote of Adobe stock.