| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 723.00 | 3.7% |
| Total Income | 723.00 | 3.7% |
| Expenditure | 750.00 | 7.1% |
| PBT | -27.00 | 51.8% |
| Net Profit | -33.00 | 35.3% |
| OPM | — | |
| NPM | -4.56% | 2.23pp |
| EPS | -0.23 | 30.3% |
Conduent Reports Significantly Improved Q1 2026 Financial Results
12 May 2026 · 12 May, 1:37 am
Summary
Conduent Incorporated reported its first quarter 2026 financial results, with revenue at $723 million, down 3.7% year-over-year. Pre-tax loss improved by $29 million to $(27) million, and adjusted EBITDA improved by $12 million to $49 million. The adjusted EBITDA margin increased by 190 bps to 6.8%. Management is focused on cost reduction, technology optimization, and portfolio optimization to drive future growth and profitability, expecting positive adjusted free cash flow and continued improvement in adjusted EBITDA looking ahead to 2027.
Key Highlights
- 1
Conduent's Q1 2026 revenue was $723 million, a decrease of 3.7% year-over-year.
- 2
The company's pre-tax loss improved by $29 million year-over-year, reaching $(27) million in Q1 2026.
- 3
Adjusted EBITDA for Q1 2026 was $49 million, reflecting a $12 million improvement year-over-year.
- 4
Adjusted EBITDA margin improved by 190 bps year-over-year to 6.8% in Q1 2026.
- 5
Cash flow from operating activities improved by $50 million year-over-year, resulting in $(8) million for Q1 2026.
- 6
New business signings ACV improved by $5 million year-over-year, totaling $114 million in Q1 2026.
- 7
The qualified pipeline expanded to approximately $3.5 billion, up from $3.2 billion in the prior year period.
Management Comments
Harsha V. Agadi
"Q1 2026 marked the start of a rapid and sustainable transformation at Conduent. In the quarter we started to develop a comprehensive cost reduction and technology optimization strategy. In addition, we enhanced our go-to-market approach, all while driving an improvement in our operating model, achieving EBITDA margins of 6.8% for the quarter, and generated a significant year‑over‑year improvement in adjusted free cash flow. Looking ahead to 2027, we see a clear path to positive adjusted free cash flow and continued improvement in adjusted EBITDA." “We also took decisive steps to strengthen execution. In April, I streamlined leadership of our Commercial organization to sharpen accountability and accelerate decision‑making, aligning client relationships and sales execution under a simplified reporting structure that reports directly to me.” “Portfolio optimization remains a critical pillar of our turnaround. I am extremely confident we will be able to reduce complexity, improve operating performance and continue to strengthen our balance sheet as we use proceeds to reduce debt. ” “Our priorities are clear: accelerating execution, enforcing financial discipline, reducing our cost structure, optimizing the portfolio, converting pipeline into growth, and simplifying the organization. In Q1, we made meaningful, sustainable progress across each of these priorities, and we are building momentum as we move forward."
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