Cerence Inc. (CRNC) Form 8-K — Aug 6, 2026
Cerence reported Q3 FY26 revenue of $69.6 million, up 12% year-over-year, with GAAP net income of $1.5 million ($0.03 diluted EPS), both within guidance. Adjusted EBITDA of $13.5 million rose 50% year-over-year and beat the high end of the $8-12 million guidance range. Cash generation was the standout: $20 million of operating cash flow and $19.6 million of free cash flow, up more than 20% year-over-year, lifting cash and equivalents to $127.6 million while long-term debt declined to $173.5 million.
Key figures
- Eps
- 0.03
- Revenue
- 69600000
- Guidance
- Q4 FY26: revenue $61M-$65M, gross margin 72-75%, GAAP net income $1M-$5M, diluted EPS $0.02-$0.10, Adjusted EBITDA $1M-$5M. FY26: revenue $310M-$314M, gross margin 78-79%, GAAP net (loss) income $(1)M-$3M, EPS $(0.02)-$0.06, Adjusted EBITDA $66M-$70M, operating cash flow $81M-$85M, free cash flow $76M-$82M.
- Net Income
- 1500000
- Total Debt
- 173458000
- Revenue Yoy
- 12% YoY
- Cash Position
- 127607000
- Shares Outstanding
- 45188000
- Gross Margin
- 76.0% (vs 73.7% a year ago)
- Free Cash Flow
- 19600000
- Units Shipped
- 11.4 million units with Cerence technology, down 8.1% YoY
- Adjusted EBITDA
- 13500000
- Free Cash Flow Yoy
- +22% YoY (vs $16.1M)
- Nine Month Revenue
- $248.9 million (vs $191.1M prior year)
- Repurchase Window
- 12 months beginning August 10, 2026
- Adjusted EBITDAYoy
- +50% YoY (vs $9.0M in Q3FY25)
- Connected Services Yoy
- +20% YoY (vs $12.8M)
- Adjusted Total Billings TTM
- $240.0 million, +6.3% YoY
- Connected Services Revenue
- 15465000
- Share Repurchase Authorization
- 30000000
Price after filing
Close on the filing date to close N calendar days later (from $9.39). Historical, not a forecast.
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.