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Xerox (XRX)
NASDAQ:XRX
Earnings Data
Report Date
Apr 28, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.27Last Year’s EPS
-0.06Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mixed picture: acquisitions (Lexmont, IT Savvy) drove reported revenue growth, strong IT Solutions momentum, tangible integration synergies, AI-driven efficiencies, and a clear 2026 profitability target. However, organic revenue declines, margin compression from tariffs and product cost inflation, weakened free cash flow, high leverage (6.7x), and supply/DRAM price risk are material concerns. Management laid out detailed mitigation steps, synergy targets, and a deleveraging plan that provide a credible path to improvement, but near-term risks and cash/leverage pressures temper the outlook.Company Guidance
Reported Revenue Growth Driven by Acquisitions
Q4 revenue of $2.03B grew ~26% year-over-year (24% in constant currency) and full-year revenue of $7.02B grew ~13% (12% CC), with growth primarily driven by the Lexmont and IT Savvy acquisitions.
IT Solutions Strong Momentum
IT Solutions revenue rose 39% year-over-year (reflecting full-quarter inclusion of IT Savvy); pro forma gross billings increased 13% and bookings increased 8% in Q4. IT Solutions gross profit was $36M with a 22.7% gross margin, up ~610 bps year-over-year, and segment profit margin reached 5.8%.
Guidance for Meaningful Profit Improvement in 2026
Company expects 2026 revenue > $7.5B (~7% growth vs 2025) and adjusted operating income of $450M–$500M, an improvement of more than $200M versus 2025, driven by $150M–$200M integration synergies and $100M of reinvention savings.
Free Cash Flow and Debt Reduction Progress
Q4 free cash flow was $184M; since the Lexmont transaction net debt has been reduced by $366M. End-of-quarter cash was $565M and total debt was $4.2B (down $160M sequentially). Management plans to use excess free cash flow for debt repayment and targets ~3x TTM EBITDA leverage over the medium term.
Operational and AI-Driven Efficiency Gains
Launched an AI center of excellence and AI-powered service agents handling thousands of interactions, automated over $10M in credit hold actions, surfaced insights from 1.4M collector comments, and used analytics/ML to detect counterfeit supply activity, all delivering measurable cost and working capital benefits.
Commercial and Product Wins
Notable customer and channel wins include a global joint win with Morrisons (UK grocery retailer), rollout of Lexmont-produced A3 devices with positive channel reaction, new partnership with RJ Young, and launch of Xerox Tri Shield 360 cybersecurity product for SMBs—strengthening cross-sell opportunities across ~200,000 customers.
Conversion of Backlog and Bookings Strength
Management reported increases in bookings, billings, and backlog in Q4 and indicated backlog represents future revenue opportunity as it converts.
XRX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
XRX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 29, 2026 | $2.33 | $2.04 | -12.45% |
Oct 30, 2025 | $3.43 | $3.09 | -9.91% |
Jul 31, 2025 | $5.18 | $4.02 | -22.39% |
May 01, 2025 | $4.36 | $4.29 | -1.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Xerox (XRX) report earnings?
Xerox (XRX) is schdueled to report earning on Apr 28, 2026, Before Open (Confirmed).
What is Xerox (XRX) earnings time?
Xerox (XRX) earnings time is at Apr 28, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is XRX EPS forecast?
XRX EPS forecast for the fiscal quarter 2026 (Q1) is -0.27.
