secwatch.observer — SEC 8-K summary
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Issuer:     XEROX CORP (—)
CIK:        0000108772
Form:       8-K
Filed at:   2026-04-30T23:59:59+00:00
Accession:  0001770450-26-000025
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108772/000177045026000025/0001770450-26-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108772/000177045026000025/xrx-20260430.htm
  HTML page:      https://secwatch.observer/filing/0001770450-26-000025

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