Adobe SWOT Analysis 2026: CEO Exits After 18 Years, Firefly AI Triples, Stock Drops 7.6%

Adobe delivered Q1 FY2026 revenue of $6.4 billion (+12% YoY), AI-first ARR tripled year-over-year, and Firefly AI surpassed 18 billion generations — but CEO Shantanu Narayen is stepping down after 18 years, the stock dropped 7.6% on the news, and shares are down 43% from their March 2025 peak. Goldman Sachs issued a rare Sell rating, and AI inferencing costs are growing faster than revenue.In this episode, we break down Adobe's complete SWOT analysis: the creative software monopoly powering $24.05 billion in FY2025 revenue, the commercially safe Firefly AI platform with $3 million IP indemnification, record $1M+ enterprise deal bookings, and the threats from Canva's 200M+ users, Midjourney, and Microsoft Copilot integration. Plus: the CEO succession question, revenue growth deceleration from 13% to 10%, and what Q2 FY2026 guidance of $6.43-$6.48 billion signals for the AI transition.Full written analysis: https://swotpal.com/blog/adobe-swot-analysis-2026Generate your own SWOT analysis: https://swotpal.com