Q1 - post regarding Xerox Corp. layoffs

Q1

This business of calling prior year LEX results growth is massive BS.

Q1 2026

Revenue of $1.85 billion, up 26.7 percent, or 23.6 percent in constant currency1. On a pro forma2 basis, revenue is down 3.7 percent.
GAAP net (loss) of $(105) million, or $(0.84) per share, down $15 million or $0.09 per share, year-over-year, respectively.
Normalized Adjusted3 net (loss) of $(10) million, or $(0.11) per share, down $3 million or $0.02 per share, year-over-year, respectively.
Adjusted1 net (loss) of $(51) million, or $(0.43) per share, down $47 million or $0.37 per share, year-over-year, respectively.
Adjusted1 operating income of $72 million, up $50 million year-over-year.
Adjusted1 operating margin of 3.9 percent, up 240 basis points year-over-year.
Operating cash flow of $(144) million, down $55 million year-over year, reflecting expected Q1 seasonality.
Free cash flow1 of $(165) million, down $56 million year-over-year. Full-year free cash flow guidance of approximately $250 million is unchanged, implying greater than $400 million of cash generation over the remaining three quarters.

#FinancialResults #Guidance #Loss #Revenue

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20 replies (most recent on top)

@d1 the call trended hard to AI tools.

@ch exactly! That was some serious gaslighting. It’s like you guys lost money! Again.

@ch point 3 everyone is being told to use AI where you can

@ch The 3 simple answers are:

no idea
no idea
no idea

Three very simple questions:

When will you stop losing money every quarter?
How do you plan to service and refinance debt?
How will you continue to grow the business and innovate, despite funding the business by reducing headcount?

@ak classic pump and dump. Look over hear look over hear…. Aren’t we awesome?!?! No no no. Don’t look over there…..

@bh
Magenta, I am curious, I did not see or hear the call.
What was your overall vibe on the Wall St guys?
Were they buying the vocab/stats or seem concerned?
I did see where LP said "very optimistic" which is not good.
Thoughts please

Most entertaining earnings call ever!
https://m.youtube.com/watch?v=w6W9qoIN-QU&pp=0gcJCVACo7VqN5tD&ra=m

@ab Agreed. I did hear the CFO mention in the Earnings Call that "Legacy Xerox equipment revenue fell 5% compared to a 12% decline in Q4. The sequential improvement was driven by improved demand in entry and production. Legacy Lexmark equipment revenue grew 5% versus a 6% decline in Q4 on a higher demand across the enterprise and channel and a slight reduction in backlog."

So, for this singular metric, Legacy Xerox = -5%, Legacy Lexmark = +5%

You can find this around the 17:00 minute mark of the transcript...https://finance.yahoo.com/quote/XRX/earnings/XRX-Q1-2026-earnings_call-548409.html/

@aw no, these results are horrible.

@ak
So does all this mean, we are not going to Chapter 11?

It's a pump and dump. Wow! This thing is going to come crashing down hard.

@a9 Yes. A telling metric would by LEX year over year too to see if both sides are declining.

@a5 Yes, you were let go last week.

They also released the "pro forma" data, which creates an "apples-to-apples" comparison. It adjusts the past data to show what the results would have looked like if the two companies had already been merged a year ago.

Pro forma growth was -3.7%

@a6
So are we on life support yet or are the macroeconomic headwinds blowing us in the right direction?

Emergency shortages of lipstick at Xerox HQ and EC committee meetings.

@OP
No clue what any of this means?
Does anyone know if employees were let go yesterday?

8:03 AM CST.

Calling it now, we end the day below yesterday's close.

Cash generation is always tomorrow.

Thread regarding Xerox Corp. layoffs

Q1

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