Pitney Bowes Q3 revenue slightly beats estimates, raises 2026 guidance
PBI•Pitney Bowes reported Q3 revenue of $456.18 million, up slightly on estimates despite declining 1% year over year, and adjusted EPS of $0.42. It raised 2026 revenue and adjusted free cash flow outlooks.
1. Quarterly results
Q3 revenue fell 1% year over year to $456.18 million, slightly above the $452.68 million analyst estimate. Adjusted EPS rose 35% to $0.42, beating the $0.35 estimate. The company repurchased 1 million shares for $17 million during the quarter.
2. Raised outlook
Pitney Bowes raised its 2026 revenue guidance to $1.83 billion-$1.86 billion from $1.8 billion-$1.86 billion and lifted its adjusted free cash flow outlook to $380 million-$420 million from $360 million-$410 million. It narrowed its adjusted EBIT forecast to $450 million-$470 million and its EPS forecast to $1.58-$1.67.
3. Drivers
The company said SendTech revenue declined because of anticipated decreases in its mailing install base, partly offset by higher equipment sales. Favorable product mix and lower tariff costs helped maintain gross profit, while cost reductions and lower operating expenses improved segment profitability.
