Xerox shares close at $2.79 ahead of third-quarter results discussion
Key Facts
Xerox shares closed at $2.79 on October 28, 2026, compared with a close of $2.54 the previous day, according to EL7 data. The move comes ahead of the company’s discussion of third-quarter results scheduled for October 29. Xerox said CEO Luis Pastor and CFO Chuck Butler will take part in the discussion. The company’s public statement announced the discussion date, but does not include third-quarter results figures in the available facts. The available data therefore does not support describing the October 28 close as a decline or linking the share move to results not presented here.
Xerox’s second-quarter 2026 results provide context for the company’s performance ahead of its third-quarter results. Xerox reported revenue of $1.92 billion, up 22.0% year over year. But revenue fell 6.5% on a pro forma basis, the measure the company cited alongside annual growth. In the same period, GAAP net income was $13 million, or $0.07 per share. Adjusted net income was $55 million, or $0.38 per share, according to the company’s statement.
In the second quarter, Xerox also raised its gross cost-synergy target from the Lexmark integration by $50 million, to at least $350 million. CEO Luis Pastor said the quarter’s results “gave us another reason to be confident.” The company said the second quarter prompted it to raise its revenue and adjusted operating income guidance, as well as its gross synergy targets from Lexmark. In its disclosure for the period, Xerox said ongoing tariff payments and higher memory and oil prices “continue to put pressure on our cost structure.” These factors provide context for assessing the company’s results, alongside the changes it reported in revenue and profitability.
Second-quarter data showed mixed performance in the devices business. Device revenue was $387 million, up 15.2% in actual currency. But device sales excluding the Lexmark acquisition fell 17.9% in actual currency, according to the company’s disclosure. In the year-earlier comparison, Xerox reported revenue of $1.96 billion in the third quarter of 2025, up 28.3%, while revenue fell 7.8% on a pro forma basis. The company posted a GAAP loss of $760 million, or $6.01 per share, that quarter, compared with adjusted net income of $27 million, or $0.20 per share.
Pastor and Butler are scheduled to discuss third-quarter results on October 29, according to a Xerox statement. Pastor is participating as CEO, while Butler is participating as CFO. The date follows the stock’s close at $2.79 in the October 28 session, compared with $2.54 in the previous session. The available facts do not include third-quarter figures or details of an updated outlook. They also do not include verified data on the stock’s high or low during the October 28 session.