Xerox Corp. (XRX) Tops Q3 EPS by 12c, Beats on Revenue; Offers Guidance

Xerox Corp. (NASDAQ: XRX) reported Q3 EPS of $0.02, $0.12 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $1.87 billion versus the consensus estimate of $1.86 billion.

Guidance:

For full-year 2026, we expect revenue of approximately $7.6 billion, adjusted2 operating income in the range of $450 million to $475 million, down from $555 million to $605 million, and free cash flow2 of approximately $50 to $100 million, down from $250 million. Updated adjusted2 operating income guidance reflects higher than expected input costs, mix shift from Mid-range to Entry, a weaker market outlook, and lower than expected IT Solutions profit. Updated free cash flow2 guidance reflects lower adjusted2 operating income and lower than expected finance receivable and IEEPA tariff receivable proceeds, as some of these benefits get pushed out to 2027. In October 2026, we announced the exchange of $174 million aggregate principal amount of 5.50% Senior Notes due 2028 for $121 million aggregate principal amount of 10.25% Senior Secured Notes due 2030 and $9 million of equity.

For earnings history and earnings-related data on Xerox Corp. (XRX) click here.

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