earnings
confidence high
sentiment positive
materiality 0.75
Xerox Q2 2026: GAAP EPS $0.07 vs -$0.87; raises full-year guidance; debt reduced >$200M
Xerox Holdings Corp
- Revenue $1.92B (+22% YoY, but pro forma -6.5%); GAAP net income $13M ($0.07 EPS) vs loss of $0.87.
- Adjusted operating income $203M (+$144M YoY); adjusted operating margin 10.6% (+690 bps).
- Raised full-year 2026 revenue and adjusted operating income guidance; Lexmark synergy target raised to at least $350M.
- Reduced total debt by >$200M, including $125M of 13% 2026 notes at maturity.
- Free cash flow $11M, up $41M YoY; operating cash flow $37M.