Earnings Releases·Oct 29, 2026, 7:52 AM ET

Xerox Holdings Corporation — Third Quarter 2026 Earnings Summary

Reported Q3 2026 revenue of $1.868 billion (down 4.7% YoY); GAAP net loss widened to $(1,015) million driven by a $959 million non-cash goodwill impairment charge, while adjusted operating income rose 330 bps to $124 million (6.6% margin).
Full-year 2026 guidance was significantly lowered: revenue to ~$7.6 billion, adjusted operating income to $450–$475 million (down from $555–$605 million), and free cash flow to $50–$100 million (down from $250 million) due to higher input costs, unfavorable product mix, and weaker market outlook.
Executed major capital structure actions including a $174 million senior note exchange and $8 million debt reduction via warrants, while suspending common and preferred dividends to preserve cash and reduce leverage.
Print and Other segment profit surged 112.5% YoY to $136 million, offset by a 17.3% revenue decline in the IT Solutions segment; cash and cash equivalents fell to $412 million, and shareholders' equity turned negative at $(683) million.