The AI software firm projects FY 2026 free cash flow between $76M and $82M while initiating a $30M share repurchase program.
Cerence expects free cash flow of $76M to $82M for fiscal year 2026, signaling confidence in its financial outlook. The company also launched a $30M share repurchase program, reflecting its commitment to returning value to shareholders.
In Q3 2026, Cerence reported revenue of $70 million, aligning with guidance, while adjusted EBITDA exceeded expectations at $13.5 million. Free cash flow for the quarter reached $20 million, reinforcing its strong operational performance.
The company’s projections and buyback initiative follow a quarter of solid execution, with management highlighting consistent growth in its core AI-driven software solutions.