OpenText (OTEX) is trading higher after disclosing preliminary third quarter fiscal 2026 revenue expectations of approximately $1.28 billion in an April 10, 2026 current report filed with the SEC. The company also announced it will report full Q3 results on Thursday, May 7, 2026, with a conference call scheduled that afternoon.

The same announcement highlighted a near-term leadership change: Ayman Antoun is slated to start as chief executive officer on April 20, 2026. The company said Antoun is expected to participate in the May 7 earnings call alongside executive leadership, putting added focus on the upcoming results and any strategic or capital-allocation updates delivered with them.

Investors will be focused on whether the preliminary revenue figure signals stabilization or upside versus consensus expectations, and whether management commentary on May 7 brings updated assumptions for cloud growth, profitability, and cash flow. With the CEO transition happening before the earnings call, the market may also look for clearer direction on execution priorities and pacing of shareholder returns.