Cerence Shares Slide Premarket After 2Q Rev View Shortfall

Dow Jones

02/05

By Rob Curran

Shares of Cerence fell sharply after the maker of talking-car AI technology forecast fiscal second-quarter revenue short of Wall Street expectations.

The company's shares plunged 20% to $8.65 in premarket trading.

For the second quarter ending in March, the Burlington, Mass., maker of AI designed to improve car verbal interfaces forecast revenue in a range between $58 million and $62 million, shy of the average Wall Street target of $64.9 million, as per FactSet.

Late Wednesday, Cerence logged a loss of $5.24 million, or 12 cents a share, for the fiscal first quarter ended in December, narrower than $24.3 million a year earlier. Revenue more than doubled to $115.1 million.

The AI firm reiterated its projection for revenue in the fiscal year ending in a range between $300 million and $320 million.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

February 05, 2026 09:10 ET (14:10 GMT)

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Revenue more than doubled to $115.1 million. \n</p>\n<p>\n  The AI firm reiterated its projection for revenue in the fiscal year ending in a range between $300 million and $320 million. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Rob Curran at rob.curran@dowjones.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 05, 2026 09:10 ET (14:10 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4608","symbol_name":"AI应用概念股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2609306472","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2609306472","pubTimestamp":1770300600,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Cerence fell sharply after the maker of talking-car AI technology forecast fiscal second-quarter revenue short of Wall Street expectations.The company's shares plunged 20% to $8.65 in premarket trading.For the second quarter ending in March, the Burlington, Mass., maker of AI designed to improve car verbal interfaces forecast revenue in a range between $58 million and $62 million, shy of the average Wall Street target of $64.9 million, as per FactSet.Late Wednesday, Cerence logged a loss of $5.24 million, or 12 cents a share, for the fiscal first quarter ended in December, narrower than $24.3 million a year earlier. 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Revenue more than doubled to $115.1 million. \n\n\n  The AI firm reiterated its projection for revenue in the fiscal year ending in a range between $300 million and $320 million. \n\n\n \n\n\n  Write to Rob Curran at rob.curran@dowjones.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 05, 2026 09:10 ET (14:10 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}