Xerox Releases Third-Quarter Results
Business Wire•29/10/2026•06:30 ET
0
Key Highlights
- ➤Q3 revenue $1.87 billion, down 4.7% year-over-year
- ➤Adjusted operating income $124 million, up $59 million year-over-year
- ➤GAAP net loss $1.015 billion, including a $955 million goodwill impairment
- ➤2026 adjusted operating income guidance cut to $450-$475 million
- ➤2026 free cash flow guidance cut to $50-$100 million
- ➤Xerox suspended common and preferred dividends to preserve cash
Expert Statements
Louie Pastor, Chief Executive Officer of Xerox
“This quarter, Print equipment revenue grew and adjusted operating margin doubled as we continued to execute against our three priorities: stabilize revenue, increase profitability and reduce leverage”
Louie Pastor, Chief Executive Officer of Xerox
“We are seeing results in the areas where we have focused our execution, but the headwinds affecting our outlook have intensified, creating greater near-term pressure than we expected. As a result, we are lowering our full-year adjusted operating income and free cash flow guidance. We’re responding with actions and cost measures to mitigate these pressures, improve profitability, and preserve cash, including the suspension of our common and preferred dividends, while maintaining our focus on reducing debt.”
Revenue Trajectory and Adjusted(1) Operating Income Improve; Higher Input Costs and Market Headwinds Weigh on Full-Year Outlook
* Revenue of $1.87 billion, down 4.7 percent, or down 4.5 percent in constant currency(1).
Get started
Create a free account to read the full story.