Conduent Q1 revenue falls

CONDUENT

11/05/2026 21:09

Overview

Business process solutions provider's Q1 revenue fell 3.7% yr/yr, with growth in Government and Transportation

Adjusted EPS improved yr/yr

Adjusted EBITDA and margin rose, driven by cost reduction and technology optimization efforts

Outlook

Conduent sees FY 2026 revenue between $2.8 bln and $2.9 bln

Company expects FY 2026 adj EBITDA of $160 mln to $190 mln

Conduent projects FY 2027 adj EBITDA of $190 mln to $220 mln

Result Drivers

SEGMENT GROWTH - Revenue benefited from continued strength in Government and Transportation segments, with Government up about $10 mln and Transportation up about $3 mln yr/yr

COST REDUCTION AND TECHNOLOGY OPTIMIZATION - Improved adjusted EBITDA margin attributed to cost reduction and technology optimization strategy, per CEO Harsha V. Agadi

ABSENCE OF PRIOR-YEAR EVENT COSTS - Pre-tax income improvement primarily due to absence of discrete event-related costs from prior year

Company press release: ID:nGNX27NTpl

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$723 mln
Q1 Adjusted EPS
Beat
-$0.07
-$0.19 (2 Analysts)
Q1 EPS
-$0.23
Q1 Net Income
-$33 mln
Q1 Adjusted EBITDA
$49 mln
Q1 Adjusted EBITDA Margin
6.80%


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the it services & consulting peer group is "buy."

Wall Street's median 12-month price target for Conduent Inc is $5.75, about 226.7% above its May 8 closing price of $1.76

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)