Quarterly ResultAug 10, 2026, 04:29 PM
TTEC Holdings Q2 Revenue Down to $455.5M; Net Loss Widens to $15.4M
AI Summary
TTEC Holdings reported a decline in its second-quarter 2026 financial results, with revenue decreasing to $455.5 million from $513.6 million year-over-year. The company's net loss attributable to stockholders widened to $15.4 million, compared to a net loss of $8.0 million in the prior year's quarter. Despite the financial downturn, TTEC secured a waiver for its net leverage ratio covenant and an Eleventh Amendment to its Credit Agreement, modifying key financial covenants to provide greater flexibility.
Key Highlights
- Q2 2026 revenue decreased to $455.5 million from $513.6 million in Q2 2025.
- Net loss attributable to stockholders widened to $15.4 million in Q2 2026 from $8.0 million in Q2 2025.
- Income from operations for Q2 2026 was $11.0 million, down from $18.9 million in Q2 2025.
- Net cash provided by operating activities for H1 2026 was $78.9 million, down from $114.3 million in H1 2025.
- Obtained waiver for net leverage ratio covenant for the period ended June 30, 2026.
- Eleventh Amendment modified net leverage ratio to 4.25 and interest coverage ratio to 2.00 for 2027.
- TTEC Engage segment revenue was $351.5 million and TTEC Digital segment revenue was $104.0 million in Q2 2026.
- One client accounted for 12.1% of total revenue for the six months ended June 30, 2026.
Price Impact
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