Cerence AI Q3 revenue $69.6M (+12% YoY), net income $1.5M, first $30M buyback

Cerence Inc.

Revenue $69.6M (+12% YoY); GAAP net income $1.5M vs loss of $2.7M YoY; Adjusted EBITDA $13.5M (+50% YoY), above guidance.
Connected Services revenue grew >20% YoY; new multi-brand Cerence xUI award from Stellantis and first Mobile Work Agent customer.
Operating cash flow $20M, free cash flow $19.6M (+20% YoY).
Board authorized first-ever $30M share repurchase program over 12 months, starting Aug 10, 2026.

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