Conduent Guides 2026 Revenue Below Consensus, Unveils $120M Cost-Cut Plan
CNDT sits 39% above its 52-week low of $1.15.
Summary
Conduent's Investor Day revealed 2026 revenue guidance of $2.15B-$2.25B, below the $2.34B consensus, alongside a $120M annualized cost-reduction plan. The cost cuts break down as $40.7M commercial, $20.3M government, and $58.6M shared corporate, with over 6,000 jobs eliminated since January 2026. Adjusted EBITDA is guided to $140M-$170M for 2026, expanding to $210M-$250M by 2028 with FCF exceeding 20% of EBITDA. This follows a Q2 where revenue fell 12% and net loss widened to $116M. The below-consensus 2026 revenue outlook and aggressive cost actions signal continued top-line pressure, though margin expansion targets offer a path to profitability.
At the time of this announcement, CNDT was trading at $1.60 on NASDAQ in the Technology sector, with a market capitalization of approximately $245.7M. The 52-week trading range was $1.15 to $2.85. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.