Short answer
Cerence Inc. (CRNC) filed its Q2 2026 10-Q quarterly report on Aug 6, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $70M (up 11.8% year over year) with net income of $2M.
Q2 2026 key financials · XBRL
- Revenue
- $70M
- +11.8% YoY · +8.4% QoQ
- Net income
- $2M
- +156.3% YoY · −8.4% QoQ
- Operating margin
- 2.7%
- Gross margin
- 76.0%
- EPS (diluted)
- $0.03
- +150.0% YoY · −25.0% QoQ
Source: XBRL data from the Cerence Inc. (CRNC) Q2 2026 10-Q on SEC EDGAR. USD.
Cerence Inc. Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $69.6M, up 11.8% YoY from $62.2M
- Operating margin 2.7% vs negative 1.5% YoY
- License revenue $41.6M, up 21.7%; professional services worst at $12.5M, down 17.7%
- Operating cash flow $20.0M, down 15.8% from $23.7M
- $30M share-repurchase authorization; automotive production delays, tariffs, pricing pressure and high interest rates remain headwinds
Risk Factors
- Share repurchase risk: $30 million authorization may be suspended, modified, or terminated, leaving employee-award dilution unmitigated
- Intellectual-property accounting risk: Samsung settlement and license generated $49.5 million revenue in fiscal 2026 first quarter
- Reporting volatility risk: future IP licenses, settlements, or judgments may receive different U.S. GAAP treatment than historical receipts
- Market risk: repurchases could reduce cash reserves or increase common-stock volatility
- Insider-trading compliance risk: future Rule 10b5-1 plans could execute around significant company events
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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