Filing Flows › Conduent (CNDT) › Q2 2026 › vs Q1 2026
Conduent (CNDT) Q2 2026 vs Q1 2026 (quarter over quarter)
Conduent's revenue fell $192M (-27%) from $723M in Q1 2026 to $531M in Q2 2026. The biggest changes: Commercial: −$45.0M (-12%); Government: −$11.0M (-5%).
Conduent, Q2 2026: revenue $531M (-12% year over year), operating margin -10.7%, net loss $116M, operating cash flow $7.0M. The chart draws each line against Q1 2026, the increases inside each band.
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Commercial: | $316M | $361M | −$45.0M | -12% |
| Government: | $215M | $226M | −$11.0M | -5% |
| Revenue | $531M | $723M | −$192M | -27% |
| Net loss | $116M | $33.0M | $83.0M | +252% |
| Costs & expenses | $647M | $756M | −$109M | -14% |
| Operating costs | $588M | $750M | −$162M | -22% |
| Interest & other, net | $47.0M | $0 | $47.0M | — |
| Income tax | $12.0M | $6.0M | $6.0M | +100% |
| Cost of revenue | $435M | $587M | −$152M | -26% |
| SG&A | $80.0M | $91.0M | −$11.0M | -12% |
| Other operating costs | $73.0M | $71.0M | $2.0M | +3% |
| Operating cash sources | $123M | $25.0M | $98.0M | +392% |
| Depreciation & amortization | $43.0M | $47.0M | −$4.0M | -9% |
| Share-based compensation | $2.0M | $0 | $2.0M | — |
| Working capital & other | $78.0M | −$22.0M | $100M | — |
| Net loss absorbed | $116M | $33.0M | $83.0M | +252% |
| Operating cash flow | $7.0M | −$8.0M | $15.0M | — |
| Capital expenditures | $9.0M | $9.0M | $0 | 0% |
| Negative free cash flow (OCF − capex) | $2.0M | $17.0M | −$15.0M | -88% |
Questions
How much did Conduent's revenue grow quarter over quarter in Q2 2026?
Conduent's revenue fell $192M (-27%) from $723M in Q1 2026 to $531M in Q2 2026.
What drove Conduent's revenue change in Q2 2026?
Commercial: −$45.0M (-12%); Government: −$11.0M (-5%).