Conduent Q2 Revenue Slides 12%, Net Loss Deepens Amid Transformation Push
CNDT sits 30% above its 52-week low of $1.15.
Summary
Conduent posted Q2 2026 revenue of $531 million, down 12% year-over-year, and a GAAP net loss from continuing operations of $69 million. The company reaffirmed its full-year guidance and highlighted progress on its transformation plan, including $234 million in expected divestiture proceeds and a $100 million cost-savings program.
Key Events · Earnings and Guidance · CNDT
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Revenue Down 12%
Driven by contract losses and lower volumes, Q2 2026 revenue fell to $531 million from $603 million a year ago, though the ramp of new business provided a partial offset.
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Net Loss Widens
Higher restructuring costs pushed the GAAP net loss from continuing operations to $69 million, compared with a $42 million loss in Q2 2025.
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Adjusted EBITDA Declines
Adjusted EBITDA dropped 30% to $16 million, and the margin contracted to 3.0% from 3.8%, reflecting lower profitability in the Government segment.
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FY 2026 Outlook Maintained
Full-year guidance was reiterated: revenue of $2.15–$2.25 billion and Adjusted EBITDA of $140–$170 million.
Analysis · CNDT · Trade & Services
A 12% revenue decline and a wider net loss underscore the heavy lifting underway at Conduent. Contract losses and restructuring charges are weighing on results, but the company is executing a sweeping transformation — divesting its Transit and Tolling businesses for $234 million to reduce debt, carving out $100 million in annual costs, and sharpening its focus on core commercial and government services. While the headline numbers are weak, the divestiture proceeds and cost actions chart a course toward a healthier balance sheet. The reaffirmed full-year outlook and a growing new business pipeline signal that management sees stabilization on the horizon.
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At the time of this filing, CNDT was trading at $1.50 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $263.7M. The 52-week trading range was $1.15 to $2.98. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.