Xerox Q1 revenue $1.85B (+26.7% reported); adj op margin up 240bp to 3.9%

XEROX CORP

GAAP net loss $(105)M ($(0.84)/share) vs $(90)M loss a year ago; adjusted net loss $(51)M.
Adjusted operating income $72M, up $50M YoY; margin 3.9% (1.5% in Q1 2025).
Pro-forma revenue down 3.7% on constant-currency basis; $450M raised via IP JV with TPG Angelo Gordon.
Repurchased $101M face value of 2028 Senior Notes; FY free cash flow guidance ~$250M unchanged.
Lexmark integration on plan, at least $300M synergies reaffirmed; IT Solutions billings +21% YoY.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

XEROX CORP updated its first quarter 2026 guidance (reaffirmed).

Period: first quarter 2026
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On April 30, 2026, Xerox Holdings Corporation and Xerox Corporation (together, the "Registrants") issued a press release announcing their combined first quarter 2026 earnings.

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Source: SEC EDGAR

accession 0001770450-26-000025

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