Cerence FY26 Q3 GAAP net income swings to $1.5 million; revenue rises 12% to $69.6 million - CRNC News | RalliesCerence FY26 Q3 GAAP net income swings to $1.5 million; revenue rises 12% to $69.6 million
C
CRNC• Q3 results and outlook
- Cerence posted Q3 fiscal 2026 revenue of $69.6 million, up 12% year over year; GAAP net income swung to $1.5 million.
- GAAP gross margin rose 2.3 percentage points to 76%; non-GAAP adjusted EBITDA climbed 50% to $13.5 million.
- Operating cash flow was $20 million, with free cash flow of $19.6 million, up more than 20% year over year.
- Connected Services revenue increased more than 20% year over year; management cited fixed license contract timing as a revenue driver.
- The board authorized a first-ever $30 million share repurchase program; Q4 revenue outlook is $61 million to $65 million.
•
