Short answer
Cerence Inc. (CRNC) filed its Q1 2026 10-Q quarterly report on May 7, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $64M (down 17.7% year over year) with net income of $2M.
Q1 2026 key financials · XBRL
- Revenue
- $64M
- −17.7% YoY · −44.2% QoQ
- Net income
- $2M
- −92.3% YoY · +131.9% QoQ
- Operating margin
- -3.8%
- Gross margin
- 73.7%
- EPS (diluted)
- $0.04
- −92.2% YoY · +133.3% QoQ
Source: XBRL data from the Cerence Inc. (CRNC) Q1 2026 10-Q on SEC EDGAR. USD.
Cerence Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $64.2M, down 17.7% YoY from $78.0M, driven by lower fixed license contracts
- Operating margin negative 3.8% vs positive 22.2% YoY
- Best product line connected services revenue $15.3M, up 21.0% YoY; worst license revenue $37.6M, down 27.0%
- Operating cash flow $14.1M, down 8.8% from $15.5M YoY
- Headwinds from automotive production delays, tariffs, pricing pressure, high interest rates, and slower adjacent-market development
Risk Factors
- IP licensing accounting volatility triggered by Samsung settlement and lump-sum payment, generating $49.5 million revenue in Q1 fiscal 2026
- Revenue comparability risk from period-specific recognition of licenses, settlements, or favorable judgments
- Rule 10b5-1 disclosure risk as officers, directors, and employees may establish trading plans in future
- Insider-trading market risk from potential sales before, during, or after significant company events
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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