Cerence reports Q1 EPS (12c), consensus 2c

Reports Q1 revenue $115.1M, consensus $114.51M. “We delivered a strong start to fiscal 2026, with solid revenue performance, adjusted EBITDA above the high end of guidance, and a quarterly record for free cash flow,” said CEO Brian Krzanich. “Customer momentum around Cerence (CRNC) xUI continues to accelerate: we now have five programs in progress with major automakers, and we received incredible customer feedback from our demos at CES 2026, where we showcased next-generation, LLM-powered experiences and new AI agents that serve users throughout their vehicle purchase and ownership journey. At the same time, in Q1, we strengthened our balance sheet through disciplined cost management and debt reduction, while continuing to invest in innovation to support long-term growth. With a clear strategy focused on advancing our technology, expanding our customer footprint, and driving profitable growth, we are energized by the opportunities ahead and believe that we are well positioned to execute through the remainder of fiscal 2026 and beyond. With that, we have reaffirmed our guidance for the full fiscal year.”