Conduent Reports Q3 2026 Results Amid Revenue Decline and Contract Losses
Conduent (CNDT) reported third-quarter revenue of $534 million, an 11.7% decrease year-over-year driven by contract losses in the commercial segment—including the departure of its largest client—and volume declines in customer experience management. Despite the top-line contraction, the company achieved an adjusted EBITDA of $36 million, a 16.1% increase from the prior year, supported by cost efficiency programs and reduced structural costs. The company is currently executing a transformation plan aimed at improving margins through significant cost savings targets. While new business signings saw a decline in annual contract value (ACV), Conduent maintains a robust qualified pipeline of $2.9 billion. Management reaffirmed full-year 2026 revenue guidance between $2.15 billion and $2.25 billion, focusing on converting its growing commercial and government pipelines into realized revenue.
Topics: contract losses EBITDA growth revenue decline segment performance