The AI software firm cites strong Q2 results and production start with Chinese automaker BYD for the upward revision.
Cerence updated its fiscal 2026 revenue projection to a range of $305 million to $320 million, driven by a production launch with BYD for its xUI platform. The company reported Q2 revenue of $64.2 million and adjusted EBITDA of $7.2 million, exceeding guidance highs.
In the prior quarter, Cerence had not disclosed a specific revenue range for fiscal 2026. The revised outlook reflects stronger-than-expected demand and the expansion of its automotive AI solutions with major manufacturers.
Management highlighted the BYD partnership as a key growth driver, signaling confidence in scaling its in-vehicle voice and AI technologies.