EarningsQ2 2026 Earnings Report
DE:4C0 Q2 2026 EPS Results
Actual EPS-€0.16
Consensus EPS-€0.15
Beat/MissMissed by -<€0.01
One Year Ago EPS-€0.12
DE:4C0 Q2 2026 Revenue Results
Actual Revenue€473.67M
Expected Revenue€626.21M
Beat/MissMissed by -€152.54M
YoY Revenue Growth-29.58%
Earnings Announcement Details
QuarterQ2 2026
Date08/10/2026
TimeBefore Open
Conference CallMonday, August 10, 2026
DE:4C0 Upcoming Earnings
Conduent's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:4C0 Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call balanced clear near-term headwinds—declining revenue, compressed margins, negative adjusted free cash flow and the impact of divestitures—with meaningful strategic progress: portfolio monetization that exceeded targets, a larger qualified pipeline ($3B, +11% YoY and Commercial pipeline +48% YTD), active cost-savings execution ($100M program) and measurable AI and operational wins (Conni performance, innovation award). Management articulated a credible plan to use proceeds to delever, reduce off-balance-sheet obligations and invest in higher-return areas, and reiterated long-term margin targets while admitting the gap vs. current results. Overall, the tone was constructive and forward-looking but acknowledged significant near-term execution risks.Company Guidance
Portfolio Monetization Exceeds Target
Announced sale of transit and tolling businesses expected to generate approximately $234 million in gross proceeds plus a retained 7% equity stake in Quarterhill; this surpasses the prior commitment of at least $200 million and is intended primarily to reduce debt and strengthen the balance sheet.
Strong Qualified Pipeline Growth
Qualified ACV pipeline of approximately $3.0 billion, up 11% year-over-year, with the Commercial pipeline up 48% since the beginning of 2026, supporting management's confidence in future revenue conversion.
New Business Momentum
Signed $99 million of new business ACV in Q2 (vs. $111 million in Q2 2025) and $188 million of ACV year-to-date (equal to the first 6 months of 2025); reported roughly $100 million of new Commercial wins and $89 million of new Government wins in the first two quarters.
Progress on Cost Savings and Organizational Simplification
On track against an approximately $100 million annualized cost savings program announced in Q1, with roughly 60–70% of expected savings from headcount reductions and 30–40% from technology optimization; unallocated corporate costs declined almost 10% year-over-year.
AI Adoption Driving Operational Benefits and Market Recognition
Conni, the AI-powered digital assistant, resolves ~86% of employee inquiries without human intervention and reduces live agent interactions by over 20%; Conduent won UnitedHealthcare's 2026 Global Innovation Challenge for its Agentic AI-powered Navigator, validating AI differentiation.
Improved Cash Performance and Liquidity Actions
Ended Q2 with approximately $240 million in cash; adjusted free cash flow was negative $8 million for the quarter but improved by $81 million year-to-date versus the prior year; cash usage was essentially flat sequentially.
Portfolio and Risk Reduction Benefits
Divestitures are expected to reduce off-balance-sheet surety bonds and letters of credit by ~80% (leaving about $125 million), reduce working capital intensity and capex requirements, and materially simplify the portfolio.
Updated 2026 Financial Guide
Recalibrated 2026 guidance (excluding discontinued operations): revenue of $2.15 billion to $2.25 billion and adjusted EBITDA of $140 million to $170 million (midpoint implying ~7% adjusted EBITDA margin).
DE:4C0 Earnings History
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