Earnings ·
Conduent Incorporated reported second quarter 2026 financial results, announcing a revenue decline to $531 million…
CNDTCONDUENT Inc
Conduent Incorporated reported second quarter 2026 financial results, announcing a revenue decline to $531 million from $603 million in the prior year period. The company posted a GAAP net loss of $116 million and an adjusted EBITDA of $16 million from continuing operations. Management highlighted progress on its transformation strategy, including the announcement of agreements to sell its Public Transit business for $164 million and its Tolling business for $70 million plus a 7% equity interest in Quarterhill Inc., expected to generate approximately $234 million in gross proceeds. The company also provided full-year 2026 revenue guidance of $2,150 million to $2,250 million and adjusted EBITDA guidance of $140 million to $170 million from continuing operations. Conduent operates as a global technology-driven business process solutions and services company.