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CRNC · NASDAQ · Software - Application

Cerence

Builds white-label voice, audio, and agentic AI platforms for automakers and suppliers.

$8.52

After-hours close+0.01 (+0.08%)

At close$8.51(+1.19%)

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Profile

Cerence Inc.CRNCInformation Technology

Sells edge-to-cloud voice, audio, and generative AI software for branded vehicle assistants, with license, connected-service, and professional-service revenue from automakers and Tier 1 suppliers. The business is international, split across Europe, Asia, and the Americas, and is shifting toward xUI and CaLLM for software-defined vehicles.

Builds white-label vehicle assistant software that automakers and Tier 1 suppliers embed in branded cockpit experiences. The portfolio spans Conversational and Generative AI, Audio AI, Cerence xUI, the CaLLM model family, speech recognition, text-to-speech, signal processing, and acoustic event detection.

Earns through software licenses for edge components, cloud-connected services, and professional services for design, deployment, maintenance, and enhancement. Revenue is international, with Europe and Asia forming the main regional base and the Americas smaller.

Originated as a Nuance Communications spin-off in 2019 and reports as one operating segment. Execution depends on automotive production, OEM and supplier program timing, pricing pressure from large customers, and adoption of xUI and CaLLM in software-defined vehicles.

Company facts

CEOBrian Krzanich

ListedOct 2, 2019

ExchangeNASDAQ

HeadquartersBurlington, MA

CountryUnited States

Employees1,300

CIK0001768267

ISINUS1567271093

Key statistics

Market cap$384.1M

EPS (ttm)−$0.3643

P/E (ttm)−23.33

ROE-9.8%

P/B2.31

P/S1.24

Dividend yield—

Beta2.83vs XLK 0.63

Year to date −26.4% · Average volume (30d) 760.2K

Analysts

Price target, next 12 months$11.50+35.3%Median of 13 analysts · vs the Aug 28 close

ConsensusHold3 of 13 analysts rate it buy or better

Ratings

Strong buyBuyHoldSellStrong sell

Target range

Last close $8.50

High$76.00+794.1%

Median$11.50+35.3%

Low$3.30−61.2%

12 months agoNowIn 12 months

Latest analyst notes

Date	Firm	Action	Prior rating	Rating	Prior target	Target
Feb 9, 2026	Goldman Sachs	Reiterate		Neutral	$11	$8
Nov 20, 2025	Goldman Sachs	Reiterate		Neutral		$11
Jan 22, 2025	Needham	Upgrade	Hold	Buy

Earnings

EPS

Estimate$0.17

ReportedDue Nov 18, 2026

Revenue

Estimate$63.8M

ReportedDue Nov 18, 2026

History

Report date	EPS est	EPS	Surprise	Revenue est	Revenue	Surprise	Next session
Aug 6, 2026Q3 FY26	$0.20	$0.15	−23.1%	$70.1M	$69.6M	−0.7%	+1.44%
May 7, 2026Q2 FY26	$0.21	$0.15	−28.6%	$60.9M	$64.2M	+5.5%	−6.36%
Feb 4, 2026Q1 FY26	$0.12	$0.99	+760.9%	$114.5M	$115.1M	+0.5%	−29.04%
Nov 19, 2025Q4 FY25	−$0.66	$0.06	+109.1%	$61.5M	$60.6M	−1.5%	+27.53%

View details

Financial highlights

	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26
Revenue	$78.0M	$62.2M	$60.6M	$115.1M	$64.2M	$69.6M
Gross profit	$60.2M	$45.9M	$44.0M	$99.4M	$47.3M	$52.9M
Operating income	$20.2M	−$98.0K	−$1.1M	$37.1M	−$2.3M	$1.9M
Net income	$21.7M	−$2.7M	−$13.4M	−$5.2M	$1.7M	$1.5M
Diluted EPS	$0.46	−$0.06	−$0.31	−$0.12	$0.04	$0.03
Gross margin	77.1%	73.7%	72.6%	86.3%	73.7%	76.0%
Operating margin	25.9%	-0.2%	-1.8%	32.2%	-3.6%	2.7%

Fiscal years (4-quarter sums)FY21 $387.2M · FY22 $327.9M · FY23 $294.5M · FY24 $331.5M · FY25 $251.8M

Revenue by product · Q3 FY26

License$41.6M · 60%

Connected Services$15.5M · 22%

Professional Services$12.5M · 18%

Revenue by geography · Q3 FY26

Other Asia Pacific$19.2M · 28%

Japan$19.0M · 27%

Germany$14.3M · 20%

United States$9.4M · 14%

Other Europe Middle East And Africa$7.3M · 11%

Other Americas$414.0K · 1%

Balance sheet, Jun 30, 2026Cash & short-term investments $127.6M · Total debt $187.1M · Total assets $620.9M · Shareholders' equity $166.4M

Dividends

No dividends on record.

Ownership

Institutions 83.15%37.57M sharesInsiders 8.51%3.84M sharesOther 8.34%3.77M shares

Shares outstanding 45.19M · Float —

Float — provider float is below the insider stake.

The provider's float is smaller than the insider stake it should exclude, so it is not shown.

Top shareholders13F · 13D/G · Form 4

Holder	Shares	% outstanding	Form	Filed
BlackRock, Inc.	4.54M	10.05%	13F	Aug 7, 2026
Paradigm Capital Management Inc/NY	2.51M	5.56%	13F	Aug 13, 2026
American Capital Management Inc	2.41M	5.33%	13F	Aug 14, 2026
Vanguard Capital Management LLC	1.84M	4.07%	13F	Aug 13, 2026
Brian M. Krzanich · director, officer: Chief Executive Officer	1.72M	3.81%	Form 4	Jan 12, 2026

Insider tradesForm 4

Date	Insider	Role	Shares	Avg price
Aug 10, 2026	Jennifer Salinas	officer: EVP Chief Admin Officer	−25,998	$8.83
Oct 9, 2025	Brian M. Krzanich	director, officer: Chief Executive Officer	−132,075	$11.46
Oct 6, 2025	Nils Schanz	officer: EVP Product & Technology	−30,560	$12.76
Oct 6, 2025	Christian Mentz	officer: EVP, Chief Revenue Officer	−26,872	$12.76
Oct 6, 2025	Antonio Rodriquez	officer: CFO	−38,347	$12.76