Xerox Releases First-Quarter Results
2026-04-29
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via Xerox Newsroom
Norwalk, Conn. —
Financial Summary
Q1 2026
- Revenue of $1.85 billion, up 26.7 percent, or 23.6 percent in constant currency1. On a pro forma2 basis, revenue is down 3.7 percent.
- GAAP net (loss) of $(105) million, or $(0.84) per share, down $15 million or $0.09 per share, year-over-year, respectively.
- Normalized Adjusted3 net (loss) of $(10) million, or $(0.11) per share, down $3 million or $0.02 per share, year-over-year, respectively.
- Adjusted1 net (loss) of $(51) million, or $(0.43) per share, down $47 million or $0.37 per share, year-over-year, respectively.
- Adjusted1 operating income of $72 million, up $50 million year-over-year.
- Adjusted1 operating margin of 3.9 percent, up 240 basis points year-over-year.
- Operating cash flow of $(144) million, down $55 million year-over year, reflecting expected Q1 seasonality.
- Free cash flow1 of $(165) million, down $56 million year-over-year. Full-year free cash flow guidance of approximately $250 million is unchanged, implying greater than $400 million of cash generation over the remaining three quarters.
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