Filing Flows › Advantage Solutions (ADV) › Guidance & outlook
Advantage Solutions (ADV) guidance and outlook
Advantage Solutions (ADV) lowered its guidance on Nov 4, 2026: Free cash flow −$3.0M for FY2026; Interest expense $155M for FY2026; Capital expenditures $40.0M–$45.0M for FY2026. Advantage Solutions' 10-Q filed Nov 4, 2026 makes 8 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Free cash flow | FY2026 | −$3.0M | reaffirmed |
| Interest expense | FY2026 | $155M | lowered |
| Capital expenditures | FY2026 | $40.0M–$45.0M | lowered |
From the earnings release filed Nov 4, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 4, 2026
- The timing of our clients’ marketing expenses, associated with marketing campaigns and new product launches, along with variability in project activity in our Retailer Services and Branded Services segments, can also result in fluctuations from one quarter to another.
- Subsequent to September 30, 2026, we announced a strategic realignment initiative intended to align our cost structure with current revenue levels.
- We estimate that we will incur additional costs of approximately $7.0 million to $10.0 million prior to completion in early 2027, primarily related to employee severance, lease termination and other workforce transition activities, including technology and professional services.
- The Company continues to evaluate the project and the related contractual arrangement.
- Our working capital as of September 30, 2026 was $371.4 million, compared to $540.0 million as of December 31, 2025, and included $131.3 million of cash and cash equivalents and $609.5 million of accounts receivable, net of allowance for expected credit losses, both of which will be a significant source of ongoing liquidity.
- The amounts and timing of any such repurchases will be at our discretion and we are under no obligation to repurchase any specific amount of indebtedness.
- We also expect to make cash payments in connection with the strategic realignment initiative announced subsequent to September 30, 2026, including employee severance, lease terminations and other contract exit costs, which we estimate at approximately $7.0 million to $10.0 million, and may make payments in connection with the exit of the HCM vendor contract in an amount to be determined if we choose an…
- The amendments remove prescriptive development stages and require capitalization of software costs once management has authorized and committed to funding the project and it is probable the project will be completed and the software will be used as intended.
Advantage Solutions' latest quarter
Advantage Solutions, Q3 2026: revenue $914M (-0.1% year over year), operating margin 0.8%, net loss $25.1M, operating cash flow $51.0M. The chart follows the revenue to costs, profit and cash.
Questions
Did Advantage Solutions raise or lower its guidance?
Advantage Solutions (ADV) lowered its guidance on Nov 4, 2026: Free cash flow −$3.0M for FY2026; Interest expense $155M for FY2026; Capital expenditures $40.0M–$45.0M for FY2026.
What does Advantage Solutions expect?
The timing of our clients’ marketing expenses, associated with marketing campaigns and new product launches, along with variability in project activity in our Retailer Services and Branded Services segments, can also result in fluctuations from one quarter to another. Subsequent to September 30, 2026, we announced a strategic realignment initiative intended to align our cost structure with current revenue levels. We estimate that we will incur additional costs of approximately $7.0 million to $10.0 million prior to completion in early 2027, primarily related to employee severance, lease termin
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.