Fiserv Slashes 2026 Profit Forecast, Q2 Earnings Miss; Shares Plunge 12%
FISV is trading near its 52-week low of $47.04 (1.4% above the low).
Summary
Fiserv cut its 2026 adjusted EPS guidance to $7.20-$7.40 from $8.00-$8.30 and now expects organic revenue flat to down 1%, a sharp reversal from prior 1%-3% growth. Q2 adjusted EPS of $1.84 missed last year's $2.47, with revenue down 4% to $5.29 billion as both merchant and financial solutions segments contracted. This follows the ambitious 'One Fiserv Action Plan' laid out at the May Investor Day, which targeted >$12 EPS by 2029 — the abrupt guidance cut raises serious questions about execution. Activist Jana Partners is now pressing for a portfolio review and board refresh, adding pressure on new CEO Takis Georgakopoulos. Shares fell nearly 12% premarket, extending a brutal two-year decline that has erased over 65% of market value.
At the time of this announcement, FISV was trading at $47.70 on NASDAQ in the Finance sector, with a market capitalization of approximately $28.9B. The 52-week trading range was $47.04 to $140.42. This news item was assessed with negative market sentiment and an importance score of 9 out of 10. Source: Reuters.