Adobe posts strong Q1

Adobe reported Q1 revenue of $6.40 billion, up 12% year-over-year, with non‑GAAP EPS of $6.06 and GAAP EPS of $4.60; the company also recorded record Q1 operating cash flow of $2.96 billion. (businesswire.com) Adobe told investors its “AI‑first” ending ARR more than tripled year-over‑year while total subscription revenue grew roughly 13% in the quarter. (adobe.com) Company slides show scale behind that growth — Adobe cited roughly 850 million monthly active users across Acrobat, Creative Cloud, Express and Firefly, a ~17% rise year-over-year. (adobe.com) Founder-era leadership is shifting: Shantanu Narayen announced he will transition from the CEO role after a successor is named, will remain as board chair, and the board appointed lead director Frank Calderoni to chair the special committee running the search; shares tumbled about 7% in after‑hours trading on the news. (news.adobe.com) On product signals that matter to photographers, Adobe has moved Lightroom features toward AI workflows — Assisted Culling entered public beta and Generative Remove (powered by Firefly) plus a wave of 100+ AI innovations were highlighted for Creative Cloud. (adobe.com) Adobe already publishes a Lightroom Presets Store and explicitly lists “creators” among target audiences and monetization routes in its investor materials, underscoring an in‑platform channel creators can leverage to sell presets and digital products. (lightroom.adobe.com) For the near term Adobe issued Q2 fiscal guidance of roughly $6.43–$6.48 billion in revenue (and corresponding EPS ranges), and multiple sell‑side firms cut price targets or adjusted forecasts after the quarter — moves that helped keep the stock volatile despite the beat. (marketscreener.com)