Xerox raises 2026 guidance as Q2 revenue rises 22% to $1.92 billion
Xerox reported second-quarter 2026 revenue of $1.92 billion, up 22.0% from a year earlier, and GAAP net income of $13 million, or $0.07 per share, compared with a loss of $0.87 per share a year earlier. The company raised its full-year 2026 revenue and adjusted operating income guidance, but the results include a $105 million pre-tax benefit from IEEPA tariff receivables, and on a pro forma basis revenue fell 6.5%.
Key points
- Q2 2026 revenue of $1.92 billion, up 22.0%; down 6.5% on a pro forma basis that includes Lexmark's results for the prior-year period
- Adjusted operating income of $203 million, up from $59 million, including a $105 million pre-tax IEEPA tariff receivable benefit
- Full-year 2026 guidance: revenue of approximately $7.6 billion (previously above $7.5 billion); adjusted operating income of $555 million to $605 million (previously $450 million to $500 million)
- Lexmark gross cost synergy target raised by $50 million to at least $350 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 July 30, 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.