# Xerox Suspends Dividends and Cuts Outlook After Quarterly Loss

The company reported lower revenue and a large goodwill charge while adjusted operating profit improved.

By Will Langan | 24X7 News
Published: 2026-10-29T11:11:21.390Z
Updated: 2026-10-29T11:11:21.390Z
Section: Technology
Format: News
Canonical: https://24x7news.us/articles/xerox-third-quarter-results-dividend-suspension-october-29-2026

Xerox said October 29 that it was suspending common and preferred dividends and lowering its annual profit and cash-flow guidance as market pressures intensified.

Third-quarter revenue fell 4.7% to $1.868 billion. The company recorded a $1.015 billion net loss, including a $955 million after-tax noncash goodwill impairment.

The diluted loss was $7.73 per share. Adjusted net income was $7 million, or 2 cents per share, compared with 20 cents a year earlier.

Adjusted operating profit increased to $124 million from $65 million, lifting that margin to 6.6% from 3.3%. Those adjusted figures exclude items included in reported earnings.

Operating cash flow declined to $30 million from $116 million. Free cash flow was $7 million, down from $88 million.

Xerox now forecasts approximately $7.6 billion in annual revenue, adjusted operating income of $450 million–$475 million and free cash flow of $50 million–$100 million.

The company said the dividend suspension and other cost measures were intended to preserve cash while it reduces debt. Its revised outlook includes anticipated benefits associated with IEEPA tariff receivables.

Sources:
Xerox — October 29 Business Wire Release: https://www.stocktitan.net/news/XRX/xerox-releases-third-quarter-8h4qb7113x2z.html

## Sources
- Xerox — Third-Quarter Results, Business Wire Release: https://www.stocktitan.net/news/XRX/xerox-releases-third-quarter-8h4qb7113x2z.html