Conduent Q1 Adjusted EBITDA Jumps 32% to $49M, Cash Flow Improves $50M
Conduent’s Q1 revenue fell 3.7% to $723 million, but adjusted EBITDA rose 32% year-over-year to $49 million, lifting margins 190 basis points to 6.8%. Operating cash flow improved by $50 million to a negative $8 million, supported by $114 million in new business ACV and a $3.5 billion qualified pipeline.
1. Financial Results
Conduent’s first quarter 2026 revenue fell 3.7% to $723 million, while adjusted EBITDA rose 32% to $49 million and margin expanded 190 basis points to 6.8%. Operating cash flow improved by $50 million to negative $8 million year-over-year.
2. Operational Improvements
Government segment revenue grew by approximately $10 million and transportation by $3 million, reinforcing solid demand across both verticals. Management launched cost reduction and technology optimization initiatives, streamlined commercial leadership for sharper accountability, and secured $114 million in new business ACV, up $5 million year-over-year.
3. Outlook and Guidance
For fiscal 2026, Conduent projects revenue of $2.8 billion to $2.9 billion and adjusted EBITDA between $160 million and $190 million. The company sees flat to positive revenue and $190 million to $220 million in adjusted EBITDA for fiscal 2027, underpinned by portfolio optimization and pipeline conversion strategies.