Conduent Q2 2026 Earnings Call Transcript

EarningsCorporate Action
โดย The Motley Fool·US·Read original
Summary · why it matters

Conduent reported second quarter 2026 results in line with expectations and updated full-year guidance to reflect the divestitures of its transit and tolling businesses. Revenue was $531 million, down 11.9% year-over-year, while adjusted EBITDA was $16 million, down from $23 million a year earlier. The company announced the sale of its transit business to Modaxo and its tolling business to Quarterhill, expecting approximately $234 million in gross proceeds plus a 7% equity stake in Quarterhill, and plans to use the majority of proceeds to reduce debt. Conduent also updated its 2026 revenue guidance to a range of $2.15 billion to $2.25 billion and adjusted EBITDA guidance to between $140 million and $170 million. CEO Harsha Agadi highlighted progress on cost savings, portfolio optimization, and AI initiatives, including the Conni digital assistant resolving 86% of employee inquiries without human intervention.

Impact on stocks 1

Smart City / Autonomous Infrastructure▼ · 1 stocks
Conduent Inc
CNDT
▼ NegativeCapitalrelevance

Revenue down 11.9% and adjusted EBITDA down from $23M to $16M, with guidance updated to reflect divestitures.

Off-coverage companies 2

ModaxoPrivate▲ Positive
Capitalrelevance

Acquiring transit business, expanding operations and market presence.

Quarterhill Inc.Private▲ Positive
Capitalrelevance

Acquiring tolling business, paying with cash and equity, likely to add assets and revenue.

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