Conduent Q2 revenue down 11.9% to $531M; signs $234M Transit/Tolling divestitures

CONDUENT Inc

2026-Q2 EPS reported -$0.99 revenue$1,118,000,000

Revenue $531M from continuing ops, down 11.9% YoY; GAAP net loss $(116)M vs $(40)M.
Adjusted EBITDA $16M (3.0% margin) vs $23M (3.8%) prior year; adjusted EPS $(0.18) vs $(0.16).
Signed deals to sell Public Transit to Modaxo for $164M and Tolling to Quarterhill for $70M plus 7% equity stake; ~$234M gross proceeds.
FY 2026 outlook: revenue $2,150-2,250M; adj. EBITDA $140-170M; ~$100M annualized cost-savings program on track.
New business signings ACV $99M; appointed Adam Demuyakor to Board; won Virginia Medicaid renewal (~1.6M members).

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