Xerox reports $1,015 million Q3 loss on goodwill charge and cuts 2026 profit outlook
Xerox reported third-quarter 2026 revenue of $1.87 billion, down 4.7 percent, and a GAAP net loss of $1,015 million, or $7.73 per share, driven by a $959 million non-cash goodwill impairment charge. The company lowered its full-year 2026 adjusted operating income guidance to $450-475 million from $555-605 million and free cash flow guidance to $50-100 million from $250 million, and suspended its common and preferred dividends.
Key points
- Q3 2026 revenue was $1.87 billion, down 4.7 percent from $1.96 billion a year earlier.
- Adjusted operating income rose $59 million year-over-year to $124 million, with a 6.6 percent margin.
- Full-year 2026 adjusted operating income guidance was cut to $450-475 million, from $555-605 million.
- Free cash flow guidance was cut to $50-100 million, from $250 million, and common and preferred dividends were suspended.
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 October 29, 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.