Conduent(CH:4C0)
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CH:4C0
Conduent earnings date
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Conduent (4C0) Q3 2026 Earnings Report
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CH:4C0 Q3 2026 EPS Results
- Actual EPS
- -CHF 0.09
- Consensus EPS
- -CHF 0.04
- Beat/Miss
- Missed by -CHF 0.05
- One Year Ago EPS
- -CHF 0.07
CH:4C0 Q3 2026 Revenue Results
- Actual Revenue
- CHF 444.42M
- Expected Revenue
- CHF 454.13M
- Beat/Miss
- Missed by -CHF 9.71M
- YoY Revenue Growth
- -30.38%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/05/2026
- Time
- After Close
- Conference Call
- Thursday, November 5, 2026
CH:4C0 Upcoming Earnings
Conduent's next earnings date is estimated for February 17, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
CH:4C0 Q3 2026 Earnings Call
0:00 / 0:00
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was predominantly positive, with sequential revenue and profitability improvement, substantial cost savings, stronger liquidity following refinancing and divestitures, a large qualified pipeline, continued commercial and government wins, and unchanged guidance. However, the company continues to face year-over-year revenue declines, customer churn, lower quarterly new business ACV, delayed government awards, commercial margin pressure and negative quarterly free cash flow. Management characterized the next phase as converting the operational and financial actions already taken into sustainable profitable growth.
Company Guidance
For 2026, the guide remains unchanged, with revenue of $2.15 billion to $2.25 billion and adjusted EBITDA of $140 million to $170 million, which at the midpoint is a 7% adjusted EBITDA margin; adjusted EBITDA and adjusted EBITDA margin showed significant improvement versus last quarter, and the expectation is that will continue into Q4. Over the 3-year outlook time frame, adjusted EBITDA margins are expected to incrementally improve to double digits and the company expects to begin delivering positive free cash flow, driving net leverage down to 1.5 turns in 2028 and steadily improving to 1 turn thereafter; the facility reduces by $80 million by the end of the year, and both temporary balance-sheet and cash-flow impacts are anticipated to be resolved by the end of the fourth quarter.
- Sequential Revenue and Profitability ImprovementQ3 revenue from continuing operations was $534 million, sequentially higher than Q2 2026. Adjusted EBITDA increased to $36 million from $31 million in Q3 2025, while adjusted EBITDA margin improved to 6.7%, up 160 basis points year-over-year.
- Strong New Business PipelineYear-to-date new business ACV reached $249 million, supported by an approximately $2.9 billion qualified pipeline with healthy increases in both commercial and government segments.
- Commercial New Business and Higher-Margin MixCommercial generated approximately $144 million of year-to-date new business ACV. Nearly 58% of Q3 commercial growth activity was in Business Process as a Service, identified as the segment's highest-margin business.
- Commercial Client Wins and ExpansionConduent added four new health care logos in Q3, including Gravie, won a new capability program with a large global automotive manufacturer, expanded claims adjudication work with Trillium Health Resources, and continued expanding customer experience relationships with Humana and Aetna.
- Government Program MomentumThe first full Conduent Medicaid suite implementation in New York transitioned into ongoing flawless operations and is creating follow-on sales opportunities. Conduent also reported strong demand from at least 10 other states, including Virginia.
- Additional Government Contract WinsConduent added nearly $2 million of print services ACV to its Illinois state disbursement unit relationship and secured approximately $4 million of ACV supporting Pennsylvania's transition to chip-enabled EMV technology for EBT. Government generated approximately $105 million of year-to-date new business ACV.
- Late-Stage Government Opportunity PoolNearly 30 submitted government proposals were awaiting awards, representing a meaningful pool of late-stage opportunities. Management stated that state election cycles had delayed procurement and that award timing was expected to accelerate after the election cycle.
- Portfolio Optimization ProgressConduent completed the sale of its public transit business to Modaxo for a headline price of $164 million and expected to complete the tolling business sale shortly. Fully exiting transportation would generate $234 million of gross proceeds and allow the company to focus capital, resources and management attention on commercial and government businesses.
- Refinancing Strengthened LiquidityConduent completed a refinancing of its revolving credit facilities, extending the existing $357 million facility and adding $90 million of commitments, including $75 million of new revolving commitments and a $15 million backstop performance letter of credit facility. The total committed facility is $447 million and maturity was extended to May 2029.
- Reduced Financial Exposure From DivestitureThe Transit Solutions transaction delivered $140 million at close, less $18 million of international cash transferred with the transaction, and reduced off-balance-sheet financial exposure by over $200 million.
- AI Center of Excellence EstablishedConduent established an AI Center of Excellence to identify and prioritize high-value opportunities, validate use cases, create reusable capabilities and governance, and move AI solutions into production faster. Planned applications include GenAI-based unstructured document processing, benefits fraud detection and AI-based coding tools with measurements and guardrails.
- Cost Transformation ProgressAgainst a total cost savings target of $120 million, Conduent has identified $106 million and realized $55 million. The broader program includes organizational simplification, vendor and real estate optimization, technology modernization, and automation and AI.
- Lower Capital SpendingYear-to-date 2026 capital spending was $38 million compared with $59 million a year ago.
- Lower Corporate Costs and Government Margin ExpansionUnallocated costs were $56 million in Q3 2026, a 16% reduction versus Q3 2025. Government adjusted EBITDA was $63 million, with an adjusted EBITDA margin of 27.9%, up 230 basis points year-over-year, driven by cost efficiency programs.
- Commercial Sequential Margin RecoveryCommercial adjusted EBITDA and adjusted EBITDA margin improved sequentially by $5 million and 160 basis points, respectively, as a result of cost efficiency programs in the Commercial segment.
- 2026 Guidance MaintainedThe 2026 outlook remained unchanged, with revenue guidance of $2.15 billion to $2.25 billion and adjusted EBITDA guidance of $140 million to $170 million. The midpoint represents a 7% adjusted EBITDA margin.
- Longer-Term Margin, Cash Flow and Leverage TargetsOver the three-year outlook period, management expects adjusted EBITDA margins to improve to double digits, positive free cash flow to begin, net leverage to decline to 1.5 turns in 2028 and steadily improve to 1 turn thereafter.
- Cyber Litigation Settlement ReachedConduent reached an agreement to resolve the class action litigation arising from the January 2025 cyber event. The settlement is subject to court approval and is expected to be fully funded by insurance.
- Pricing and Contract Management ActionsManagement said it is generating price where possible on renewals, insisting more forcefully on cost-of-living adjustments, generally renewing commercial contracts at approximately three-year terms, and evaluating proposals based on contribution margin dollars before corporate overhead.
CH:4C0 Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 17, 2027 | 2026 (Q4) | -0.01- | -0.07 | ― | ― |
| Nov 05, 2026 | 2026 (Q3) | -0.04-0.09 | -0.07 | -22.22% (-0.02) | |
| Aug 10, 2026 | 2026 (Q2) | -0.14-0.15 | -0.11 | -38.46% (-0.04) | |
| May 11, 2026 | 2026 (Q1) | -0.15-0.06 | -0.11 | 46.15% (+0.05) | |
| Feb 12, 2026 | 2025 (Q4) | -0.05-0.07 | -0.12 | 40.00% (+0.05) | |
| Nov 07, 2025 | 2025 (Q3) | -0.05-0.07 | -0.12 | 35.71% (+0.04) | |
| Aug 06, 2025 | 2025 (Q2) | -0.12-0.11 | -0.12 | 7.14% (+0.01) | |
| May 07, 2025 | 2025 (Q1) | -0.13-0.11 | -0.07 | -44.44% (-0.03) | |
| Feb 12, 2025 | 2024 (Q4) | -0.07-0.12 | 0.02 | -600.00% (-0.15) | |
| Nov 06, 2024 | 2024 (Q3) | -0.12-0.12 | -0.07 | -55.56% (-0.04) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat Missed
