Xerox Holdings Corp. (XRX) reported Thursday a profit in its second quarter, compared to prior year's loss, on one-time benefit and higher revenues. Further, the company lifted fiscal 2026 outlook.
In pre-market activity on the Nasdaq, the shares were climbing 21.7 percent to trade at $3.2115.
In the second quarter, net income attributable to shareholders was $10 million, compared to prior year's loss of $109 million. Earnings per share were $0.07, compared to loss of $0.87 a year ago.
The latest results included $105 million of a pre-tax benefit from the recognition of IEEPA tariff receivables.
Adjusted earnings were $55 million or $0.38 per share for the quarter, compared to prior year's loss of $0.64.
Revenue climbed 22 percent to $1.92 billion from $1.58 billion last year. Revenues grew 21.2 percent in constant currency, while on a pro forma basis, revenue was down 6.5 percent.
Looking ahead for fiscal 2026, the company now projects adjusted operating income of $555 million to $605 million and revenues around $7.6 billion.
The company previously expected adjusted operating income of $450 million to $500 million and revenues above $7.5 billion.
In fiscal 2025, adjusted operating income was $248 million and revenues were $7.02 billion.
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Business News
September 11, 2026 16:26 ET Consumer prices data was the main news on the economic front in the U.S. this week. In Europe, the latest interest rate decision from the European Central Bank was the focus along with the revised second quarter economic growth data for the euro area. In Asia, the monthly foreign trade data from China drew attention.