Cerence Q1 revenue slightly beats estimates

Reuters

Feb 05

Cerence Q1 revenue slightly beats estimates

Overview

Conversational AI firm's fiscal Q1 revenue slightly beat analyst expectations
Company achieved record free cash flow of $35.6 mln in fiscal Q1

Outlook

Cerence expects Q2 revenue between $58 mln and $62 mln
Company projects Q2 gross margins between 71% and 72%
Cerence reaffirms FY2026 revenue guidance of $300 mln to $320 mln

Result Drivers

PATENT LICENSE REVENUE - Q1 revenue included a $49.5 mln payment from a patent license agreement with Samsung
CUSTOMER MOMENTUM - Cerence xUI gained traction with five automaker programs and positive reception at CES 2026

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Revenue	Slight Beat*	$115.10 mln	$114.48 mln (4 Analysts)
Q1 EPS		-$0.12
Q1 Net Income		-$5.20 mln
Q1 Gross Margin		86.3%

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy."
Wall Street's median 12-month price target for Cerence Inc is $11.00, about 6.2% above its February 3 closing price of $10.36
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release: ID:nGNX51Wxq

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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For any other questions or feedback, contact reuters.support@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cerence Q1 revenue slightly beats estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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not applicable for per-share numbers.</p><p><span>Analyst Coverage</span></p><ul><li><p>The current average analyst rating on the shares is \"hold\" and the breakdown of recommendations is no \"strong buy\" or \"buy\", 4 \"hold\" and no \"sell\" or \"strong sell\"</p></li><li><p>The average consensus recommendation for the software peer group is \"buy.\"</p></li><li><p>Wall Street's median 12-month price target for Cerence Inc is $11.00, about 6.2% above its February 3 closing price of $10.36</p></li><li><p>The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 17 three months ago</p></li></ul><p>Press Release: <span>ID:nGNX51Wxq</span></p><p>For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\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://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260204:nL1N3Z01EQ:1","article_id":"2609831309","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2609831309","pubTimestamp":1770240058,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Cerence Q1 revenue slightly beats estimatesOverviewConversational AI firm's fiscal Q1 revenue slightly beat analyst expectationsCompany achieved record free cash flow of $35.6 mln in fiscal Q1OutlookC","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4608":"AI应用概念股","CRNC":"Cerence Inc.","BK4023":"应用软件"},"translate_title":"Cerence第一季度收入略超预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CRNC":0.9},"content_text":"Cerence Q1 revenue slightly beats estimatesOverviewConversational AI firm's fiscal Q1 revenue slightly beat analyst expectationsCompany achieved record free cash flow of $35.6 mln in fiscal Q1OutlookCerence expects Q2 revenue between $58 mln and $62 mlnCompany projects Q2 gross margins between 71% and 72%Cerence reaffirms FY2026 revenue guidance of $300 mln to $320 mlnResult DriversPATENT LICENSE REVENUE - Q1 revenue included a $49.5 mln payment from a patent license agreement with SamsungCUSTOMER MOMENTUM - Cerence xUI gained traction with five automaker programs and positive reception at CES 2026Key DetailsMetricBeat/MissActualConsensus EstimateQ1 RevenueSlight Beat*$115.10 mln$114.48 mln (4 Analysts)Q1 EPS-$0.12Q1 Net Income-$5.20 mlnQ1 Gross Margin86.3%*Applies to a deviation of less than 1%; not applicable for per-share numbers.Analyst CoverageThe current average analyst rating on the shares is \"hold\" and the breakdown of recommendations is no \"strong buy\" or \"buy\", 4 \"hold\" and no \"sell\" or \"strong sell\"The average consensus recommendation for the software peer group is \"buy.\"Wall Street's median 12-month price target for Cerence Inc is $11.00, about 6.2% above its February 3 closing price of $10.36The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 17 three months agoPress Release: ID:nGNX51WxqFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)","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":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}