Conduent Incorporated reported second quarter 2026 financial results and announced signed divestitures expected to generate $234 million in gross proceeds. Revenue from continuing operations was $531 million, down 11.9% year-over-year, while pre-tax loss from continuing operations widened to $57 million. Adjusted EBITDA from continuing operations fell to $16 million, with a margin of 3.0%, and new business signings ACV reached $99 million. The company entered agreements to sell its Public Transit business to Modaxo for $164 million and its Tolling business to Quarterhill Inc. for $70 million plus a 7% equity interest, exceeding its $200 million portfolio action target. Conduent also provided a full-year 2026 outlook for revenue of $2.15 billion to $2.25 billion and adjusted EBITDA from continuing operations of $140 million to $170 million.
Conduent IncRevenue down 11.9%, pre-tax loss widened to $57M, adjusted EBITDA fell to $16M
Acquiring Tolling business for $70M plus 7% equity interest, expanding portfolio
Acquiring Public Transit business for $164M, strategic expansion
