CONDUENT Inc — Form 8-K
Filed August 10, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 68/100
What the filing says
Conduent announced Q2 2026 results with revenue of $531M (down 11.9% YoY) and Adjusted EBITDA of $16M (down 30.4% YoY). The company signed definitive agreements to sell its Public Transit business to Modaxo for $164M and its Tolling business to Quarterhill Inc. for $70M plus 7% equity stake, generating ~$234M gross proceeds to reduce debt. New Business ACV signings were $99M; adjusted net leverage improved to 2.1x from 2.2x. Management expects FY 2026 revenue of $2,150M–$2,250M and Adjusted EBITDA of $140M–$170M.
Why this rating
Major portfolio action (57% of divestiture proceeds vs. $411.5M market cap) addressing debt/cash; Q2 revenue decline & margins eroding. Near-term transformation pain, but material deleveraging opportunity moderates downside.
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