Quarterly ResultMay 7, 2026, 04:23 PM
Cerence Q2 Revenue $64.2M, Beats Guidance; Raises FY26 Outlook
AI Summary
Cerence Inc. reported strong second-quarter fiscal year 2026 results, exceeding revenue and Adjusted EBITDA guidance. The company achieved $64.2 million in revenue and $7.2 million in Adjusted EBITDA, driven by disciplined execution and growing adoption of its AI solutions. Cerence also raised the midpoints of its full-year fiscal 2026 revenue, Adjusted EBITDA, and free cash flow guidance, reflecting improved visibility and performance and continued customer and technology momentum.
Key Highlights
- Q2 FY26 Revenue: $64.2 million, exceeding guidance of $58M-$62M.
- Q2 FY26 Adjusted EBITDA: $7.2 million, above guidance of $2M-$6M.
- Q2 FY26 Net Income: $1.7 million, with diluted EPS of $0.04.
- Full-Year FY26 Revenue Guidance: Raised midpoint to $312.5 million (range $305M-$320M).
- Full-Year FY26 Adjusted EBITDA Guidance: Raised midpoint by 8% to $65 million (range $60M-$70M).
- Full-Year FY26 Free Cash Flow Guidance: Raised to $66 million-$76 million.
- 5-Year Backlog: $971.3 million.
- Connected cars shipped (TTM): increased by 12% year-over-year.