Xerox surges on full year forecast raise

Xerox Holdings

30/07/2026 13:08

** Office equipment maker Xerox's XRX.O shares jump 28.3% to $3.39 in premarket trading
** Co raises FY 2026 revenue forecast to about $7.6 bln, compared to prior forecast of $7.5 bln 
** XRX increases FY 2026 adj. operating income forecast in the range of $555 mln-$605 mln, compared to prior forecast of $450 mln-$500 mln
** Co posts Q2 adj. EPS of 38 cents, beating analysts' estimate of a loss of 14 cents, data compiled by LSEG
** Revenue and margin gains reflect contributions from the Lexmark acquisition completed by the co in 2025
** XRX posts Q2 revenue of $1.92 bln, compared to estimates of $1.90 bln
** As of last close, stock has risen 11.4% YTD

 (Reporting by Anand Gopal in Bengaluru)
 ((anandgopal.r@thomsonreuters.com))