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Xerox Holdings (XRX) guidance and outlook
Xerox Holdings (XRX) raised some and lowered other parts of its guidance on Oct 29, 2026: Operating income $450M–$475M for FY2026; Free cash flow $50.0M–$100M for FY2026; Revenue $7.6B for FY2026; Operating income −$195M for FY2026. Xerox Holdings' 10-Q filed Nov 5, 2026 makes 16 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Operating income | FY2026 | $450M–$475M | lowered |
| Free cash flow | FY2026 | $50.0M–$100M | lowered |
| Revenue | FY2026 | $7.6B | raised |
| Operating income | FY2026 | −$195M | lowered |
| Interest expense | FY2026 | $365M | lowered |
| Operating income | FY2026 | −$2.0M | new |
| Operating cash flow | FY2026 | $145M–$195M | lowered |
From the earnings release filed Oct 29, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 5, 2026
- Upon closing, the Company's overall aggregate principal amount of debt is expected to be reduced by up to approximately $54 million, with the maturity of approximately $120 million aggregate principal amount of debt being extended from 2028 to 2030.
- We expect to address these through cash from operations, including sales of finance receivables, refinancings, and liability management transactions, which may include exchanges and repurchases.
- We cannot assure you, however, that our business will generate sufficient cash flow from operations or that future borrowings will be available to us under the Company's ABL Facility in amounts sufficient to enable us to repay our indebtedness or to fund our other liquidity needs.
- Upon closing, the Company's overall aggregate principal amount of debt is expected to be reduced by up to approximately $54 million, with maturity of approximately $120 million aggregate principal debt being extended from 2028 to 2030.
- The suspension is intended to preserve cash and enhance our financial flexibility, and is anticipated to conserve approximately $28 million of cash annually.
- The Company expects to continue to utilize the ABL Facility as required to help fund its operations, in the near term.
- • We now expect full-year operating cash flows to be in a range of approximately $145 million to $195 million, which is a decrease from our previous guidance of approximately $340 million.
- Any such transactions will be made in our sole discretion in light of market conditions, applicable limitations contained in the agreements governing our indebtedness and other relevant factors.
- The suspension is intended to preserve cash and enhance our financial flexibility.
- Any future declaration and payment of dividends will be at the discretion of the Board of Directors and will depend on our financial condition, results of operations, cash requirements, contractual restrictions, and other factors the Board considers relevant.
- Accordingly, due to that significant variability, we will exclude these charges since we do not believe they provide meaningful insight into our current or past operating performance, nor do we believe they are reflective of our expected future operating expenses as such charges are expected to yield future benefits and savings with respect to our operational performance.
- Adjusted earnings will continue to include the service cost elements of our retirement costs, which are related to current employee service as well as the cost of our defined contribution plans.
Xerox Holdings' latest quarter
Xerox Holdings, Q3 2026: revenue $1.9B (-5% year over year), operating margin -53.9%, net loss $1.0B, operating cash flow $30.0M. The chart follows the revenue to costs, profit and cash.
Questions
Did Xerox Holdings raise or lower its guidance?
Xerox Holdings (XRX) raised some and lowered other parts of its guidance on Oct 29, 2026: Operating income $450M–$475M for FY2026; Free cash flow $50.0M–$100M for FY2026; Revenue $7.6B for FY2026; Operating income −$195M for FY2026.
What does Xerox Holdings expect?
Upon closing, the Company's overall aggregate principal amount of debt is expected to be reduced by up to approximately $54 million, with the maturity of approximately $120 million aggregate principal amount of debt being extended from 2028 to 2030. We expect to address these through cash from operations, including sales of finance receivables, refinancings, and liability management transactions, which may include exchanges and repurchases. We cannot assure you, however, that our business will generate sufficient cash flow from operations or that future borrowings will be available to us under
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.