Xerox raised its full-year 2026 revenue guidance to approximately $7.6 billion and increased its Lexmark synergy target to at least $350 million. The company reported second-quarter revenue of $1.92 billion, up 22 percent including the Lexmark acquisition, though pro forma revenue declined nearly 7 percent. Adjusted operating margin rose to 10.6 percent, or 5.1 percent excluding a $105 million tariff receivable that was sold for $80 million in cash. Adjusted operating income is now expected between $555 million and $605 million, while free cash flow guidance remains at approximately $250 million. CEO Louie Pastor said the company is focused on addressing its 2028, 2029, and 2030 debt maturities, and expects leverage to fall below 5 times gross and 4 times net by year-end.
Xerox CorpXerox raised 2026 revenue guidance and Lexmark synergy target, and reported improved operating margin.
Ambev SA ADRLexmark synergy target raised to at least $350 million, indicating improved integration benefits for Xerox.