Cerence Reports Q3 Revenue Up 12% and Authorizes First $30 Million Share Buyback
Cerence reported fiscal third-quarter 2026 revenue of $69.6 million, up from $62.2 million a year earlier, and GAAP net income of $1.5 million, compared with a loss of $2.7 million in the prior-year quarter. Its Board also authorized the company's first share repurchase program, allowing purchases of up to $30 million of common stock beginning August 10, 2026, over 12 months.
Key points
- Q3 fiscal 2026 revenue of $69.6 million, up 12% from $62.2 million; Connected Services revenue rose more than 20%.
- GAAP net income of $1.5 million ($0.03 per diluted share) versus a net loss of $2.7 million a year earlier; adjusted EBITDA of $13.5 million, up 50%.
- Stock repurchase program of up to $30 million begins August 10, 2026, and is funded primarily with existing cash.
- Fiscal full-year 2026 revenue guidance of $310 million to $314 million; fourth-quarter revenue guidance of $61 million to $65 million.
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 06, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.