Cerence reports Q2 EPS 4c, consensus 14c

Reports Q2 revenue $64.2M, consensus $60.87M. “We delivered another strong quarter, exceeding the high end of our revenue and adjusted EBITDA guidance while continuing to generate meaningful free cash flow,” said Brian Krzanich, Chief Executive Officer of Cerence (CRNC) AI. “We believe that our results for the quarter reflect disciplined execution across the business and underscore the strength of our position as a trusted AI partner to the world’s leading automakers. As the industry accelerates its adoption of advanced AI in the vehicle, customers are increasingly turning to Cerence AI for solutions that combine reliability, flexibility, and deep automotive expertise. This is driving growing momentum for Cerence’s leading technology, including the first Cerence xUI-powered cars now entering production, as well as broader adoption across our portfolio.”