secwatch.observer — SEC 8-K summary
======================================

Issuer:     CONDUENT Inc (CNDT)
CIK:        0001677703
Form:       8-K
Filed at:   2026-08-10T12:01:16+00:00
Accession:  0001677703-26-000091
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1677703/000167770326000091/0001677703-26-000091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1677703/000167770326000091/cndt-20260810.htm
  HTML page:      https://secwatch.observer/filing/0001677703-26-000091

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer