Sees Q2 Revenue of $58M-$62M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4d ago
0mins
Should l Buy CRNC?
Sees Q2 revenue $58M-$62M, consensus $64.86M.
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Analyst Views on CRNC
Wall Street analysts forecast CRNC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CRNC is 10.50 USD with a low forecast of 10.00 USD and a high forecast of 11.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
0 Buy
2 Hold
0 Sell
Hold
Current: 7.650
Low
10.00
Averages
10.50
High
11.00
Current: 7.650
Low
10.00
Averages
10.50
High
11.00
About CRNC
Cerence Inc. is a provider of artificial intelligence (AI)-powered assistants for connected and autonomous vehicles. The Company builds AI-powered virtual assistants for the mobility/transportation market. Its software platform is used to build virtual assistants that can communicate, find information and take action across an expanding variety of categories. Its software platform has a hybrid architecture combining edge software components with cloud-connected components. Its Edge software components are installed on a vehicle’s head unit and can operate without access to external networks and information. Its Cloud-connected components comprise certain speech and natural language understanding-related technologies, AI-enabled personalization and context-based response frameworks, and a content integration platform. Virtual assistants built with its software platform address user requests across various categories, such as navigation, control, media, communication, and more.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Economic Data: U.S. job openings declined by 386,000 to 6.542 million in December, significantly below market estimates of 7.2 million, indicating a tightening labor market that may affect future economic growth expectations.
- Initial Jobless Claims: Initial jobless claims rose by 22,000 to 231,000, exceeding market expectations of 212,000, suggesting potential pressures on the labor market that could further impact consumer confidence and spending.
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- Technological Innovation Progress: The debut of new AI agents integrated into the xUI platform, showcased live at CES, particularly the Mobile Work AI Agent developed in partnership with Microsoft, received positive feedback from OEMs, driving active commercial negotiations and enhancing Cerence's competitiveness in the smart automotive sector.
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- Optimistic Future Outlook: Management reaffirmed full-year fiscal 2026 revenue guidance between $300 million and $320 million, projecting Q2 revenue between $58 million and $62 million, reflecting confidence in future growth and sustained market demand.
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Cerence (CRNC) Q1 2026 Earnings Call Transcript
See More
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- Strong Revenue Expectations: The anticipated revenue for Q1 is $114.51 million, representing a 125.0% year-over-year increase, showcasing Cerence's sustained growth in the automotive sector and robust market demand.
- Record of Beating Estimates: Over the past two years, Cerence has beaten EPS estimates 88% of the time and revenue estimates 100% of the time, demonstrating the company's exceptional capabilities in market analysis and execution.
- Positive Estimate Revisions: In the last three months, EPS estimates have seen 2 upward revisions and 1 downward revision, while revenue estimates have experienced 4 upward revisions with none downward, reflecting analysts' optimistic outlook on Cerence's future performance.
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