Quarterly ResultMay 7, 2026, 04:26 PM
Cerence Q1 Revenue $64.19M, Net Income $1.67M; EPS $0.04
AI Summary
Cerence Inc. reported its financial results for the three and six months ended March 31, 2026. For the three-month period, total revenues decreased to $64.19 million from $78.01 million year-over-year, with net income significantly dropping to $1.67 million from $21.66 million. Diluted EPS for the quarter was $0.04, down from $0.46. For the six-month period, revenues increased to $179.27 million, but the company reported a net loss of $3.57 million, a larger loss compared to the prior year. Despite the quarterly decline in profitability, net cash provided by operating activities for the six months significantly improved to $52.00 million.
Key Highlights
- Q1 2026 total revenues decreased to $64.19 million from $78.01 million year-over-year.
- Q1 2026 net income significantly dropped to $1.67 million from $21.66 million year-over-year.
- Q1 2026 diluted EPS was $0.04, down from $0.46 in the prior year quarter.
- Six-month 2026 total revenues increased to $179.27 million from $128.91 million year-over-year.
- Six-month 2026 net loss was $3.57 million, compared to a $2.63 million loss year-over-year.
- Net cash provided by operating activities for six months was $52.00 million, up from $24.72 million.
- Long-term debt reduced to $172.69 million as of March 31, 2026, from $199.69 million.
- Other Asia-Pacific region contributed $83.31 million to six-month revenues.