Quarterly ResultJul 30, 2026, 06:46 AM
Xerox Q2 Revenue $1.92B, Net Income $13M; Raises FY26 Guidance
AI Summary
Xerox Holdings Corporation announced strong second-quarter 2026 results, with revenue increasing 22.0% to $1.92 billion and GAAP net income reaching $13 million. Adjusted operating income significantly improved to $203 million. The company raised its full-year 2026 revenue and adjusted operating income guidance, citing progress on strategic priorities including increased Lexmark synergy targets and substantial debt reduction.
Key Highlights
- Q2 2026 Revenue: $1.92 billion, up 22.0% year-over-year (21.2% in constant currency).
- Q2 2026 GAAP Net Income: $13 million, or $0.07 per share.
- Q2 2026 Adjusted Operating Income: $203 million, up $144 million year-over-year.
- Raised full-year 2026 revenue guidance to approximately $7.6 billion.
- Raised full-year 2026 adjusted operating income guidance to $555-$605 million.
- Increased Lexmark gross cost synergy target by $50 million to at least $350 million.
- Reduced total debt outstanding by more than $200 million.
- Q2 2026 Operating cash flow: $37 million; Free cash flow: $11 million.
Price Impact
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