Xerox raises 2026 revenue forecast to about $7.6 billion and lifts Lexmark synergy target to at least $350 million

EarningsCorporate Action
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Summary · why it matters

Xerox raised its full-year 2026 revenue guidance to approximately $7.6 billion and increased its Lexmark synergy target to at least $350 million. The company reported second-quarter revenue of $1.92 billion, up 22 percent including the Lexmark acquisition, though pro forma revenue declined nearly 7 percent. Adjusted operating margin rose to 10.6 percent, or 5.1 percent excluding a $105 million tariff receivable that was sold for $80 million in cash. Adjusted operating income is now expected between $555 million and $605 million, while free cash flow guidance remains at approximately $250 million. CEO Louie Pastor said the company is focused on addressing its 2028, 2029, and 2030 debt maturities, and expects leverage to fall below 5 times gross and 4 times net by year-end.

Impact on stocks 2

Information Technology · 1 stocks
Xerox Corp
XRX
▲ PositiveCapitalrelevance

Xerox raised 2026 revenue guidance and Lexmark synergy target, and reported improved operating margin.

Consumer Staples · 1 stocks

Off-coverage companies 1

Lexmark InternationalPrivate▲ Positive
Capitalrelevance

Lexmark synergy target raised to at least $350 million, indicating improved integration benefits for Xerox.