Conduent Reports Third Quarter 2026 Results; Reaffirms 2026 Outlook, Bolsters Liquidity Position and Completes Transit Sale
Key Highlights
- ➤Adjusted EBITDA $36M, up 16.1% year over year
- ➤Revenue $534M, down 11.7% year over year
- ➤2026 outlook reaffirmed at $2.15B–$2.25B revenue and $140M–$170M EBITDA
- ➤$447M revolving credit commitments refinanced, maturing May 2029
- ➤Public Transit sale completed for $164M to Modaxo
Expert Statements
Harsha V. Agadi, Chief Executive Officer of Conduent
“In the third quarter, we continued to make progress in improving Conduent’s operating performance. Adjusted EBITDA increased year-over-year and sequentially, and we are reaffirming our full-year 2026 outlook.”
Harsha V. Agadi, Chief Executive Officer of Conduent
“We have taken decisive steps to strengthen our financial foundation, including refinancing our existing $357 million revolving credit facilities and adding $90 million of new commitments, while simplifying our portfolio and reducing costs. To date, we have identified $106 million in cost savings toward our $120 million target. At the same time, we continue to build our Commercial and Government businesses, with $249 million in year-to-date new-business ACV wins and $473 million in TCV wins.”
Harsha V. Agadi, Chief Executive Officer of Conduent
“ASCEND 2026–2028 is our framework for turning this transformation into sustained performance. We are standardizing our operations and infrastructure, specializing in core solutions where we can lead and win, and scaling our go-to-market capabilities around priority industries and opportunities. Our focus is on disciplined execution—converting our pipeline into profitable growth and continuing to improve operating performance.”
Key Q3 2026 Highlights (from Continuing Operations) * Revenue: $534 million * Pre-tax Income (Loss): $(35) million * Adj. EBITDA((1) ): $36 million, up 16.1% year over year * Adj. EBITDA Margin((1)): 6.7%, up 160 basis points year over year * New Business Signings ACV((2)): $61M * Cost transformation: Identified $106M of $120M of cost-savings target, contributing to significant EBITDA margin improvement * Financial position: Completed financing of $447 million in revolving credit commitments, maturing in May 2029 * FY 2026 outlook: Reaffirmed revenue of $2.15 billion–$2.25 billion and Adjusted EBITDA of $140 million–$170 million FLORHAM PARK, N.J., Nov. 05, 2026 (GLOBE NEWSWIRE) -- Conduent Incorporated (Nasdaq: CNDT), a global technology-enabled operating partner, today announced its third quarter 2026 financial results, highlighting continued execution of ASCEND 2026–2028. The company’s transformation plan is focused on standardizing operations and infrastructure, specializing in core solutions where it can lead and win, and scaling go-to-market capabilities around priority industries and opportunities.
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