CRNC News & Events

Reports Q2 revenue $64.2M, consensus $60.87M. "We delivered another strong quarter, exceeding the high end of our revenue and adjusted EBITDA guidance while continuing to generate meaningful free cash flow," said Brian Krzanich, Chief Executive Officer of Cerence AI. "We believe that our results for the quarter reflect disciplined execution across the business and underscore the strength of our position as a trusted AI partner to the world's leading automakers. As the industry accelerates its adoption of advanced AI in the vehicle, customers are increasingly turning to Cerence AI for solutions that combine reliability, flexibility, and deep automotive expertise. This is driving growing momentum for Cerence's leading technology, including the first Cerence xUI-powered cars now entering production, as well as broader adoption across our portfolio."

Narrows FY26 revenue view to $305M-$320M from $300M-$320M, consensus $313.94M. Narrows FY26 adjusted EBITDA view to $60M-$70M. Krzanich continued, "At the same time, we are making progress in bringing our technology into select adjacent markets where our domain expertise and edge-based approach are well suited, while actively protecting and managing our intellectual property as part of our long-term strategy. We believe we have a durable growth profile over time, supported by disciplined execution, strong cash generation, and a continued focus on profitable growth. Based on our strong performance and improved visibility, we are raising the midpoints of our full-year revenue, adjusted EBITDA, and free cash flow guidance."

Sees Q3 revenue $68M-$72M, consensus $68.22M. Sees Q3 adjusted EBITDA $8M-$12M.