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Teradata Reports Second Quarter 2026 Financial Results

Published

3 months ago

on

Recurring revenue of $363 million, an increase of 3% as reported and 2% in constant currency(1)GAAP Operating Margin of 11.7%, up 580 basis points from the prior year periodNon-GAAP Operating Margin of 21.5%, up 510 basis points from the prior year period(2)Cash flow from operations of $106 million, up 147% from the prior year periodAdjusted free cash flow of $127 million, up 226% from the prior year period(3)

SAN DIEGO, Aug. 4, 2026 /PRNewswire/ — Teradata (NYSE: TDC) today announced its second quarter 2026 financial results.

“Teradata again delivered a solid quarter, growing total ARR, recurring revenue, and meaningful free cash flow,” said Steve McMillan, president and CEO of Teradata. “We are pleased with our strong product innovation this quarter, highlighted by the launch of our Autonomous Knowledge Platform, bringing a powerful set of capabilities to help enterprises deploy agentic AI. With our differentiated hybrid platform, positive customer reaction, and tangible operating leverage, we remain confident in our future, and are increasing our outlook for non-GAAP EPS and Adjusted Free Cash Flow.”

Second Quarter 2026 Financial Highlights Compared to Second Quarter 2025

Total ARR increased to $1.509 billion from $1.489 billion, an increase of 1% as reported and 2% in constant currency(1)Public cloud ARR increased to $686 million from $634 million, an increase of 8% as reported and 9% in constant currency(1)Total revenue was $410 million versus $408 million, flat as reported and in constant currency(1)Recurring revenue was $363 million versus $354 million, an increase of 3% as reported and 2% in constant currency(1)Recurring revenue was 89% of total revenue versus 87%GAAP gross margin was 59.3% versus 56.4%Non-GAAP gross margin was 60.5% versus 58.3%(2)GAAP operating margin was 11.7% versus 5.9% Non-GAAP operating margin was 21.5% versus 16.4%(2)GAAP diluted EPS was $0.48 versus $0.09 per shareNon-GAAP diluted EPS was $0.69 versus $0.47 per share(2)Cash flow from operations was $106 million compared to $43 millionFree cash flow was $105 million compared to $39 million(3)Adjusted free cash flow was $127 million compared to $39 million(3)

Outlook

For the third quarter of 2026:

Recurring revenue in the range of -4% to -2% year-over-yearTotal revenue in the range of -6% to -4% year-over-yearGAAP diluted EPS is expected to be in the range of $0.27 to $0.31 per shareNon-GAAP diluted EPS is expected to be in the range of $0.55 to $0.59 per share(2) 

For the full year 2026, Teradata increases the following ranges:

GAAP diluted EPS is now expected to be in the range of $4.43 to $4.51Non-GAAP diluted EPS in the range of $2.65 to $2.73 per share(2)Cash flow from operations of $665 million to $685 million, which includes an after-tax net benefit of $315 million related to a settlement with SAPAdjusted free cash flow of $330 million to $350 million(3)

For the full year 2026, Teradata reaffirms the following ranges:

Total ARR growth of 2% to 4% year-over-yearRecurring revenue in the range of flat to 2% year-over-yearTotal revenue range in the range of -2% to flat year-over-year

Earnings Conference Call

The conference call will begin at 1:30 p.m. PT on August 4, 2026. Investors and participants may attend the call by dialing (585) 542-9983 and entering access code 369709903. For investors and participants outside the United States, see global dial-in numbers here, and use access code 369709903.

The live webcast, as well as a replay, will be available on the Investor Relations page of the Teradata website at investor.teradata.com. 

Supplemental Financial Information                               
Additional information regarding Teradata’s operating results is provided below as well as on Teradata’s website at investor.teradata.com.

1.

The impact of currency is determined by calculating the prior-period results using the current-year monthly average currency rates. See the foreign currency fluctuation schedule, which is used to determine revenue on a constant currency (“CC”) basis, on the Investor Relations page of the Company’s website at investor.teradata.com.

 

Revenue

(in millions)

For the Three Months ended June 30

2026

2025

% Change as
Reported

% Change in CC

Recurring revenue

$363

$354

3 %

2 %

Perpetual software licenses, hardware and other

8

3

167 %

313 %

Consulting services

39

51

(24 %)

(23 %)

  Total revenue

$410

$408

0 %

0 %

Product Sales

$371

$357

4 %

3 %

Consulting Services

39

51

(24 %)

(23 %)

  Total revenue

$410

$408

0 %

0 %

Revenue

(in millions)

For the Six Months ended June 30

2026

2025

% Change as
Reported

% Change in CC

Recurring revenue

$763

$712

7 %

5 %

Perpetual software licenses, hardware and other

9

13

(31 %)

(26 %)

Consulting services

82

101

(19 %)

(19 %)

  Total revenue

$854

$826

3 %

2 %

Product Sales

$772

$725

6 %

5 %

Consulting Services

82

101

(19 %)

(19 %)

  Total revenue

$854

$826

3 %

2 %

As of June 30

2026

2025

% Change as
Reported

% Change in CC

Annual recurring revenue*

$1,509

$1,489

1 %

2 %

      Public cloud ARR**

$686

$634

8 %

9 %

The impact of currency on ARR is determined by calculating the prior period ending ARR using the current period end currency rates.

*Total Annual Recurring Revenue (“Total ARR”) is defined as the annual contract value for all active and contractually binding term-based contracts at the end of the period, including cloud, recurring AI services, subscriptions, hardware rental, maintenance, and software upgrade rights. The Company believes this is a useful metric to investors as it demonstrates progress toward achieving our strategic objectives as outlined in the Form 10-K and Form 10-Q.

**Public cloud ARR is defined as the annual contract value for all active and contractually binding term-based contracts at the end of a period that are operated in a public cloud environment. The Company believes this is a useful metric to investors as it demonstrates progress toward achieving our strategic objectives as outlined in the Form 10-K and Form 10-Q.

2.

Teradata reports its results in accordance with GAAP. However, as described below, the Company believes that certain non-GAAP measures such as free cash flow, adjusted free cash flow, non-GAAP gross profit, non-GAAP operating income, non-GAAP net income, and non-GAAP diluted earnings per share, all of which exclude certain items, and which may be reported on a constant currency basis, are useful for investors. Our non-GAAP measures are not meant to be considered in isolation to, as substitutes for, or superior to, results determined in accordance with GAAP, and should be read only in conjunction with our condensed consolidated financial statements prepared in accordance with GAAP. Each of our non-GAAP measures do not have a uniform definition under GAAP and therefore, Teradata’s definition may differ from other companies’ definitions of these measures.

The following tables reconcile Teradata’s actual and projected results and EPS under GAAP to the Company’s actual and projected non-GAAP results and EPS for the periods presented, which exclude certain specified items. Our management internally uses supplemental non-GAAP financial measures, such as gross profit, operating income, net income, and EPS, excluding certain items, to understand, manage and evaluate our business and support operating decisions on a regular basis. The Company believes such non-GAAP financial measures (1) provide useful information to investors regarding the underlying business trends and performance of the Company’s ongoing operations, (2) are useful for period-over-period comparisons of such operations and results, that may be more easily compared to peer companies and allow investors a view of the Company’s operating results excluding stock-based compensation expense and special items, (3) provide useful information to management and investors regarding present and future business trends, and (4) provide consistency and comparability with past reports and projections of future results.

 

For the

Three Months

For the

Six Months

(in millions, except per share data)

ended June 30

ended June 30

Gross Profit:

2026

2025

% Chg.

2026

2025

% Chg.

GAAP Gross Profit

$243

$230

6 %

$519

$478

9 %

   % of Revenue

59.3 %

56.4 %

60.8 %

57.9 %

 Excluding:

  Stock-based compensation expense

4

5

8

9

   Reorganization and other costs

1

3

4

3

Non-GAAP Gross Profit   

$248

$238

4 %

$531

$490

8 %

  % of Revenue

60.5 %

58.3 %

62.2 %

59.3 %

Operating Income

GAAP Operating Income

$48

$24

100 %

$12

$90

(87 %)

   % of Revenue

11.7 %

5.9 %

1.4 %

10.9 %

Excluding:

  Stock-based compensation expense

33

31

62

53

    Reorganization and other costs

7

12

14

15

    SAP settlement costs

–

–

121

–

Non-GAAP Operating Income   

$88

$67

31 %

$209

$158

32 %

  % of Revenue

21.5 %

16.4 %

24.5 %

19.1 %

Net Income

GAAP Net Income

$46

$9

411 %

$381

$53

619 %

   % of Revenue

11.2 %

2.2 %

44.6 %

6.4 %

Excluding:

  Stock-based compensation expense

33

31

62

53

  Reorganization and other costs

6

12

13

15

  SAP settlement

–

–

(359)

–

  Income tax adjustments(i)

(19)

(7)

54

(12)

  Non-GAAP Net Income   

$66

$45

47 %

$151

$109

39 %

% of Revenue

16.1 %

11.0 %

17.7 %

13.2 %

For the Three Months

ended June 30

For the Six Months

ended June 30

2026 Outlook

Earnings Per Share:

2026

2025

2026

2025

Q3

FY

GAAP Earnings Per Share

$0.48

$0.09

$3.95

$0.55

$0.27 – $0.31

$4.43 – $4.51

Excluding:

  Stock-based compensation expense

0.34

0.32

0.64

0.54

0.31

1.27

  Reorganization and other costs

0.06

0.13

0.14

0.15

0.02

0.24

  SAP settlement

–

–

(3.72)

–

–

(3.72)

  Income tax adjustments(i)

(0.19)

(0.07)

0.56

(0.12)

(0.05)

0.43

Non-GAAP Diluted Earnings Per Share

$0.69

$0.47

$1.57

$1.12

$0.55 – $0.59

$2.65 – $2.73

i.

Represents the income tax effect of the pre-tax adjustments to reconcile GAAP to Non-GAAP income based on the applicable jurisdictional statutory tax rate of the underlying item, including the $67 million discrete income tax effect of the SAP settlement recorded in the first half of 2026. Including the income tax effect assists investors in understanding the tax provision associated with those adjustments and the effective tax rate related to the underlying business and performance of the Company’s ongoing operations. As a result of these adjustments, the Company’s GAAP effective tax rate and non-GAAP effective tax rate for the three months ended June 30, 2026, was 2.1% and 23.3%, respectively, and June 30, 2025, was 30.8% and 19.6%, respectively. For the six months ended June 30, 2026, the Company’s GAAP effective tax rate and non-GAAP effective tax rate was 21.3% and 24.5%, respectively and June 30, 2025, was 25.4% and 21.6%, respectively.

3.

As described below, the Company believes that free cash flow and adjusted free cash flow are useful non-GAAP measures for investors. Free cash flow and adjusted free cash flow do not have a uniform definition under GAAP in the United States and therefore, Teradata’s definitions may differ from other companies’ definitions of this measure. Teradata defines free cash flow as cash provided by/used in operating activities, less total capital expenditures and adjusted free cash flow as free cash flow less the gross proceeds from the SAP settlement, plus the non-recurring legal and other expenses incurred in connection with the SAP litigation and resulting settlement, and taxes paid specific to the settlement agreement. Teradata’s management uses free cash flow and adjusted free cash flow to assess the financial performance of the Company and believes they are useful for investors because they relate the operating cash flow of the Company to the capital that is spent to continue and improve business operations. In particular, free cash flow indicates the amount of cash generated after capital expenditures which can be used for among other things, investments in the Company’s existing businesses, strategic acquisitions, strengthening the Company’s balance sheet, repurchase of Company stock and repay the Company’s debt obligations and adjusted free cash flow adjusts the impact of the SAP settlement. Neither free cash flow or adjusted free cash flow represent the residual cash flow available for discretionary expenditures since there may be other non-discretionary expenditures that are not deducted from these measures. These non-GAAP measures should not be considered as a substitute for, or superior to, cash flows from operating activities under GAAP.

 

(in millions)

For the
Three Months

For the
Six Months

ended June 30

ended June 30

Outlook

2026

2025

2026

2025

2026

Cash provided by operating activities (GAAP)

$106

$43

$507

$51

$665 to $685

           Less total capital expenditures

(1)

(4)

(12)

(5)

(~20)

Free Cash Flow (non-GAAP measure)

$105

$39

$495

$46

$645 to $665

           Less SAP gross settlement proceeds

–

–

(480)

–

(480)

           Plus legal and other expenses

–

–

121

–

121

           Plus taxes specific to the settlement

22

–

22

–

44

Adjusted Free Cash Flow (non-GAAP Measure)

$127

$39

$158

$46

$330 to $350

Note to Investors
This release contains forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934. Forward-looking statements generally relate to opinions, beliefs, and projections of expected future financial and operating performance, business trends, liquidity, and market conditions, among other things. These forward-looking statements are based upon current expectations and assumptions and often can be identified by words such as “expect,” “strive,” “looking ahead,” “outlook,” “guidance,” “forecast,” “anticipate,” “continue,” “plan,” “estimate,” “believe,” “focus,” “see,” “commit,” “should,” “project,” “will,” “would,” “likely,” “intend,” “potential,” or similar expressions. Forward-looking statements in this release include our 2026 third quarter and 2026 full year financial outlook and product innovation and demand. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially, including those relating to: our strategy and ongoing business transformation, significant execution risk for our cloud, hybrid, on-premises, Artificial Intelligence (“AI”) and Machine Learning (“ML”) offerings, operational disruptions and unforeseen circumstances, impact of unanticipated delays or acceleration in our sales cycles to make accurate estimates impacting quarterly operating results, financial guidance and forecasts, the global economic environment and business conditions in general, including inflation, tariffs, and/or recessionary conditions; impact of price increase on our net sales, profit margins and earnings, the ability of our suppliers to meet their commitments to us; the timing of purchases, migrations, or expansions by our current and potential customers, including our ability to retain customers; the rapidly changing and intensely competitive nature of the information technology industry, the data analytics business, and artificial intelligence capabilities; fluctuations in our operating, capital allocation, and cash flow results; our ability to execute and realize the anticipated benefits of our refreshed brand, business transformation program or restructuring, sales and operational execution initiatives, and cost saving initiatives, including restructuring actions; risks inherent in operating in foreign countries, export controls and trade compliance, including sanctions, tariffs, foreign currency fluctuations, and/or acts of war; risks associated with data privacy, IP-enforcement actions, cyberattacks and maintaining secure and effective products for our customers, as well as, internal information technology and control systems; the timely and successful development, production or acquisition, availability and/or market acceptance of new and existing products, product features and services, including for our artificial intelligence, cloud, on-prem and hybrid offerings, tax rates; turnover of our workforce and the ability to attract and retain skilled employees; protecting our intellectual property; availability and successful execution of new alliance and acquisition opportunities; subscription arrangements that may be cancelled or fail to be renewed; the impact on our business and financial reporting from changes in accounting rules; and other factors described from time to time in Teradata’s filings with the U.S. Securities and Exchange Commission, including its most recent annual report on Form 10-K, and subsequent quarterly reports on Forms 10-Q or current reports on Forms 8-K, as well as Teradata’s annual report to stockholders. Teradata does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

About Teradata 
Teradata empowers enterprises to turn intelligence into autonomous action, grounding AI agents in deep business context and trusted data. As AI agents multiply, Teradata is the context foundation, governance layer, and performance backbone that companies need now. The Teradata Autonomous Knowledge Platform puts AI into production across cloud, on-premises, and hybrid environments. See how at Teradata.com.

The Teradata logo is a trademark, and Teradata is a registered trademark of Teradata Corporation and/or its affiliates in the U.S. and worldwide. 

INVESTOR CONTACT
Chad Bennett
chad.bennett@teradata.com

MEDIA CONTACT
Jennifer Donahue
jennifer.donahue@teradata.com

Schedule A

TERADATA CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(in millions, except per share amounts – unaudited)

For the Period Ended June 30

Three Months

Six Months

2026

2025

% Chg

2026

2025

% Chg

Revenue

Recurring 

$       363

$        354

3 %

$                763

$   712

7 %

Perpetual software licenses, hardware and other

8

3

167 %

9

13

(31 %)

Consulting services

39

51

(24 %)

82

101

(19 %)

Total revenue

410

408

0 %

854

826

3 %

Gross profit

Recurring

243

235

520

485

% of Revenue

66.9 %

66.4 %

68.2 %

68.1 %

Perpetual software licenses, hardware and other

2

–

3

1

% of Revenue

25.0 %

0.0 %

33.3 %

7.7 %

Consulting services

(2)

(5)

(4)

(8)

% of Revenue

(5.1 %)

(9.8 %)

(4.9 %)

(7.9 %)

Total gross profit

243

230

519

478

% of Revenue

59.3 %

56.4 %

60.8 %

57.9 %

Selling, general and administrative expenses

120

135

360

251

Research and development expenses

75

71

147

137

Income from operations

48

24

12

90

% of Revenue

11.7 %

5.9 %

1.4 %

10.9 %

Other (expense) income, net

(1)

(11)

472

(19)

Income before income taxes

47

13

484

71

% of Revenue

11.5 %

3.2 %

56.7 %

8.6 %

Income tax expense

1

4

103

18

% Tax rate

2.1 %

30.8 %

21.3 %

25.4 %

Net income 

$         46

$            9

$                381

$     53

% of Revenue

11.2 %

2.2 %

44.6 %

6.4 %

Net income per common share

Basic 

$       0.49

$        0.09

$               4.07

$  0.56

Diluted

$       0.48

$        0.09

$               3.95

$  0.55

Weighted average common shares outstanding

Basic

93.9

95.3

93.5

95.2

Diluted

96.2

96.0

96.4

97.0

 

Schedule B

TERADATA CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(in millions –  unaudited)

June 30,

 December 31, 

June 30,

2026

2025

2025

Assets

Current assets

Cash and cash equivalents

$               414

$               493

$               369

Accounts receivable, net

256

251

293

Inventories

5

13

5

Other current assets

98

80

90

Total current assets

773

837

757

Property and equipment, net

191

198

205

Right of use assets – operating lease, net

8

7

9

Goodwill

397

399

400

Capitalized contract costs, net

39

42

37

Deferred income taxes

166

209

231

Other assets

84

87

98

Total assets

$             1,658

$            1,779

$             1,737

Liabilities and stockholders’ equity

Current liabilities

Current portion of long-term debt

$                    –

$                 25

$                 25

Current portion of finance lease liability

46

50

60

Current portion of operating lease liability

2

2

4

Accounts payable

55

96

115

Payroll and benefits liabilities

91

120

84

Deferred revenue

560

533

521

Other current liabilities

91

88

89

Total current liabilities

845

914

898

Long-term debt

–

431

443

Finance lease liability

45

45

46

Operating lease liability

6

4

5

Pension and other postemployment plan liabilities

111

114

108

Long-term deferred revenue

12

11

12

Deferred tax liabilities

12

12

10

Other liabilities

34

18

39

Total liabilities

1,065

1,549

1,561

Stockholders’ equity

Common stock

1

1

1

Paid-in capital

2,361

2,305

2,244

Accumulated deficit

(1,617)

(1,923)

(1,932)

Accumulated other comprehensive loss

(152)

(153)

(137)

Total stockholders’ equity

593

230

176

Total liabilities and stockholders’ equity

$             1,658

$            1,779

$             1,737

 

Schedule C

TERADATA CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in millions – unaudited)

For the Period Ended June 30

Three Months

Six Months

2026

2025

2026

2025

Operating activities

Net income 

$                  46

$                    9

$                 381

$                  53

Adjustments to reconcile net income to net cash provided

  by operating activities:

Depreciation and amortization

23

23

48

43

Stock-based compensation expense

33

31

62

53

Deferred income taxes

4

(6)

40

4

Loss on Blue Chip Swap

1

–

1

–

Changes in assets and liabilities:

Receivables

66

14

(5)

(59)

Inventories

–

8

8

13

Current payables and accrued expenses

(32)

(24)

(47)

(54)

Deferred revenue

(43)

(28)

28

11

Other assets and liabilities

8

16

(9)

(13)

Net cash provided by operating activities

106

43

507

51

Investing activities

Expenditures for property and equipment

(1)

(4)

(11)

(5)

Additions to capitalized software

–

–

(1)

–

Business acquisitions and other investing activities, including loss on Blue Chip Swap

(1)

(1)

(1)

(1)

Net cash used in investing activities

(2)

(5)

(13)

(6)

Financing activities

Repurchases of common stock

(40)

(28)

(74)

(72)

Repayments of long-term borrowings

(450)

(6)

(456)

(12)

Payments of finance leases

(15)

(17)

(32)

(33)

Other financing activities, net

(2)

–

(7)

(2)

Net cash used in financing activities

(507)

(51)

(569)

(119)

Effect of exchange rate changes on cash and cash equivalents

2

14

(4)

23

(Decrease) increase in cash, cash equivalents and restricted cash

(401)

1

(79)

(51)

Cash, cash equivalents and restricted cash at beginning of period

816

369

494

421

Cash, cash equivalents and restricted cash at end of period

$                 415

$                 370

$                 415

$                 370

Supplemental cash flow disclosure:

Non-cash investing and financing activities:

Assets acquired by finance leases

$                    8

$                  19

$                  28

$                  52

Assets acquired by operating leases

$                    2

$                    1

$                    3

$                    2

 

Schedule D

TERADATA CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in millions – unaudited)

For the Three Months Ended June 30

For the Six Months Ended June 30

2026

2025

% Change
As Reported

% Change
Constant
Currency (2)

2026

2025

% Change
As Reported

% Change
Constant
Currency (2)

Segment Revenue

Product Sales

$           371

$           357

4 %

3 %

$           772

$           725

6 %

5 %

Consulting Services

39

51

(24 %)

(23 %)

82

101

(19 %)

(19 %)

Total segment revenue

410

408

0 %

0 %

854

826

3 %

2 %

Segment gross profit

Product Sales

248

239

529

492

% of Revenue

66.8 %

66.9 %

68.5 %

67.9 %

Consulting Services

–

(1)

2

(2)

% of Revenue

0.0 %

(2.0 %)

2.4 %

(2.0 %)

Total segment gross profit

248

238

531

490

% of Revenue

60.5 %

58.3 %

62.2 %

59.3 %

Reconciling items(1)

(5)

(8)

(12)

(12)

Total gross profit

$           243

$           230

$           519

$           478

% of Revenue

59.3 %

56.4 %

60.8 %

57.9 %

(1) 

Reconciling items include stock-based compensation, amortization of acquisition-related
intangible assets and acquisition, integration and reorganization-related items

(2) 

The impact of currency is determined by calculating the prior period results using the current-year
monthly average currency rates.

 

View original content:https://www.prnewswire.com/news-releases/teradata-reports-second-quarter-2026-financial-results-302842929.html

SOURCE Teradata

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Company Maintains Strong Cash Position of $26.2 Million, Reduces Total Liabilities by Approximately 40%, and Reports Positive Earnings per Share (EPS) of $0.02

DALLAS, Nov. 9, 2026 /PRNewswire/ — Solidion Technology, Inc. (NASDAQ: STI) (“Solidion Technology” or “the Company”), an advanced battery technology provider, today reported its Third Quarter 2026 Financial and Operating Results. The condensed consolidated financial statements of Solidion Technology and additional information can be found in Solidion Technology’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2026, filed with the Securities and Exchange Commission on November 9, 2026 (the “Form 10-Q”). This earnings release should be read together with the information contained in the Form 10-Q.

Solidion Technology maintained a healthy cash balance of approximately $26.2 million, reduced total liabilities by approximately 40% compared to year-end 2025, and reported positive net income for the quarter.

Third Quarter 2026 Financial and Corporate Highlights 

Strong Liquidity: Maintained cash and cash equivalents of $26.2 million as of September 30, 2026, compared to $27.7 million at June 30, 2026.Positive Working Capital: Working capital of $19.6 million as of September 30, 2026, compared to a deficit of $11.2 million at December 31, 2025.Reduced Liabilities: Total liabilities declined approximately 40% to $7.5 million, compared to $12.0 million at December 31, 2025.Positive Net Income: Reported quarterly net income of approximately $244,000, compared to a net loss of $4.1 million in the prior-year period.Strengthened Stockholders’ Equity: Stockholders’ equity reached $23.8 million, compared to a deficit of $7.2 million at year-end 2025.Financial Flexibility: The Company believes its capital position supports continued investment in its technology portfolio and evaluation of strategic acquisition opportunities.Board Governance: On August 31, 2026, the Company expanded its Board of Directors with the appointment of three independent directors, Mark Schwartz, Kimi L. Ellen and Dante W. Robinson.Share Repurchase Program: On September 13, 2026, the Board of Directors authorized the repurchase of up to $1.0 million of the Company’s common stock.

TABLE 1: QUARTERLY FINANCIAL PERFORMANCE

Metric

Q3 2026

Q3 2025

Revenue

$41,638

$9,350

Cost of revenue

$120,000

$4,321

Selling, general and administrative, Research and Development

$2,240,915

$1,747,929

Total other income (expense)

$2,563,700

$(2,349,245)

Basic earnings (loss) per share

$0.02

$(1.33)

“During the third quarter, we continued strengthening Solidion Technology’s financial foundation while positioning the Company for its next phase of growth,” said Jaymes Winters, Chief Executive Officer of Solidion Technology. “We remain disciplined and opportunistic in our approach to acquisitions. Our healthy cash position and improved balance sheet provide us with the flexibility to continue to pursue opportunities that complement our existing technology and manufacturing capabilities.”

“We believe our strategy positions Solidion Technology to capitalize on opportunities across the energy storage industry, while maintaining our commitment to long-term shareholder value.”

Business Highlights

Technology and Commercialization

PEAK Series UPS for AI Data Centers: Solidion has developed its PEAK Series uninterruptible power supply system using its 5500 silicon-carbon anode cell. Based on Company testing, the system is designed to reduce UPS footprint by up to 30%, while the cell is designed to last up to three times longer than conventional backup battery systems.High-Power Battery Cells: Solidion has developed its high-energy 5.5Ah 21700 cylindrical cell, with an energy density of 305 Wh/kg and continuous charge/discharge capability exceeding 2C.Government Research Programs: Solidion is conducting research under two U.S. Department of Energy grants, both conducted jointly with Oak Ridge National Laboratory, the Company’s partner on its 2025 R&D 100 Award. The Company is also performing research under a firm-fixed-price U.S. Army STTR contract to develop a flexible, fiber-based rechargeable battery system.

Strategic Priorities

For the remainder of 2026 and into 2027, Solidion Technology intends to remain an opportunistic and disciplined acquirer of revenue-generating assets and businesses in the battery storage sector that amplify its existing technology and IP portfolio while simultaneously advancing its commercialization initiatives and strengthening its manufacturing and commercial capabilities.

About Solidion Technology, Inc.

Solidion Technology, Inc. (NASDAQ: STI) is an advanced battery technology company headquartered in Dallas, Texas, with R&D and manufacturing operations in Dayton, Ohio. Solidion develops silicon-rich anodes, solid-state batteries, and fire-retardant electrolytes designed to deliver higher energy density, improved safety, and lower cost for the electric vehicle, energy storage, consumer electronics, aerospace and defense, and AI data center markets, including next-generation backup power for data center operators. The Company is backed by a global portfolio of over 385 patents covering innovations such as high-capacity, silane gas-free, and graphene-enabled silicon anodes, biomass-based graphite, and advanced lithium-sulfur and lithium-metal technologies. Solidion also pursues a disciplined acquisition strategy focused on opportunities that complement its platform and create long-term shareholder value.

For more information, please visit www.ir.solidiontech.com or contact Investor Relations.

Forward-Looking Statements 

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Solidion Technology Inc., (NASDAQ: STI) (the “Company,” “Solidion,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The statements contained in this press release that are not purely historical are forward-looking statements. Without limitation, any statements preceded or followed by or that include the words “forecasts” “believe,” “may,” “will,” “would,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “position,” “is likely,” “expect” and similar expressions or the negative thereof, as they relate to us, are intended to identify forward-looking statements. Forward-looking statements in this press release may include, for example, statements about our financial and business performance and statements about our business, expansion plans and opportunities. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond our control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the inability of our batteries to perform as expected, including design or manufacturing defects; competition in the evolving battery cell market and the selection of other battery cell technologies by OEMs; the need for additional safety testing of our battery technology before it can be installed in electric vehicles; reliance on complex production equipment, and operational and cost uncertainty in production; the performance of licensed technologies that have not been commercialized, or have only been commercialized to a limited extent; raw material and component price increases, supply constraints, and our ability to control costs and achieve cost advantages at scale; the pace of consumer adoption of electric vehicles; the unavailability of government incentives and subsidies; our ability to attract customers and to accurately forecast supply, demand and manufacturing requirements; our ability to attract and retain key employees and qualified personnel; our limited operating history and untested business model; our history of losses; our ability to obtain additional capital on commercially reasonable terms, or at all; our ability to manage growth and build our brand; the accuracy of assumptions and estimates behind our technical and production timelines and our financial statements; material weaknesses in our internal control over financial reporting; product liability claims, litigation, regulatory actions and government investigations; substantial and changing regulations; cybersecurity incidents, security breaches, and data privacy compliance; tariffs and trade tensions, including a potential global trade war; and other risks detailed in our other Securities and Exchange Commission filings, particularly in the section titled “Risk Factors” contained in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

Please follow us on:

LinkedIn: https://www.linkedin.com/company/solidion-tech

X: https://x.com/solidiontech

 

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SOURCE Solidion Technology, Inc.

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Solidion Technology (NASDAQ: STI) Reports Third Quarter Financial Results, Highlighting Strong Cash Balance, Reduction in Liabilities and Positive EPS

Published

1 hour ago

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November 9, 2026

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Company Maintains Strong Cash Position of $26.2 Million, Reduces Total Liabilities by Approximately 40%, and Reports Positive Earnings per Share (EPS) of $0.02

DALLAS, Nov. 9, 2026 /PRNewswire/ — Solidion Technology, Inc. (NASDAQ: STI) (“Solidion Technology” or “the Company”), an advanced battery technology provider, today reported its Third Quarter 2026 Financial and Operating Results. The condensed consolidated financial statements of Solidion Technology and additional information can be found in Solidion Technology’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2026, filed with the Securities and Exchange Commission on November 9, 2026 (the “Form 10-Q”). This earnings release should be read together with the information contained in the Form 10-Q.

Solidion Technology maintained a healthy cash balance of approximately $26.2 million, reduced total liabilities by approximately 40% compared to year-end 2025, and reported positive net income for the quarter.

Third Quarter 2026 Financial and Corporate Highlights 

Strong Liquidity: Maintained cash and cash equivalents of $26.2 million as of September 30, 2026, compared to $27.7 million at June 30, 2026.Positive Working Capital: Working capital of $19.6 million as of September 30, 2026, compared to a deficit of $11.2 million at December 31, 2025.Reduced Liabilities: Total liabilities declined approximately 40% to $7.5 million, compared to $12.0 million at December 31, 2025.Positive Net Income: Reported quarterly net income of approximately $244,000, compared to a net loss of $4.1 million in the prior-year period.Strengthened Stockholders’ Equity: Stockholders’ equity reached $23.8 million, compared to a deficit of $7.2 million at year-end 2025.Financial Flexibility: The Company believes its capital position supports continued investment in its technology portfolio and evaluation of strategic acquisition opportunities.Board Governance: On August 31, 2026, the Company expanded its Board of Directors with the appointment of three independent directors, Mark Schwartz, Kimi L. Ellen and Dante W. Robinson.Share Repurchase Program: On September 13, 2026, the Board of Directors authorized the repurchase of up to $1.0 million of the Company’s common stock.

TABLE 1: QUARTERLY FINANCIAL PERFORMANCE

Metric

Q3 2026

Q3 2025

Revenue

$41,638

$9,350

Cost of revenue

$120,000

$4,321

Selling, general and administrative, Research and Development

$2,240,915

$1,747,929

Total other income (expense)

$2,563,700

$(2,349,245)

Basic earnings (loss) per share

$0.02

$(1.33)

“During the third quarter, we continued strengthening Solidion Technology’s financial foundation while positioning the Company for its next phase of growth,” said Jaymes Winters, Chief Executive Officer of Solidion Technology. “We remain disciplined and opportunistic in our approach to acquisitions. Our healthy cash position and improved balance sheet provide us with the flexibility to continue to pursue opportunities that complement our existing technology and manufacturing capabilities.”

“We believe our strategy positions Solidion Technology to capitalize on opportunities across the energy storage industry, while maintaining our commitment to long-term shareholder value.”

Business Highlights

Technology and Commercialization

PEAK Series UPS for AI Data Centers: Solidion has developed its PEAK Series uninterruptible power supply system using its 5500 silicon-carbon anode cell. Based on Company testing, the system is designed to reduce UPS footprint by up to 30%, while the cell is designed to last up to three times longer than conventional backup battery systems.High-Power Battery Cells: Solidion has developed its high-energy 5.5Ah 21700 cylindrical cell, with an energy density of 305 Wh/kg and continuous charge/discharge capability exceeding 2C.Government Research Programs: Solidion is conducting research under two U.S. Department of Energy grants, both conducted jointly with Oak Ridge National Laboratory, the Company’s partner on its 2025 R&D 100 Award. The Company is also performing research under a firm-fixed-price U.S. Army STTR contract to develop a flexible, fiber-based rechargeable battery system.

Strategic Priorities

For the remainder of 2026 and into 2027, Solidion Technology intends to remain an opportunistic and disciplined acquirer of revenue-generating assets and businesses in the battery storage sector that amplify its existing technology and IP portfolio while simultaneously advancing its commercialization initiatives and strengthening its manufacturing and commercial capabilities.

About Solidion Technology, Inc.

Solidion Technology, Inc. (NASDAQ: STI) is an advanced battery technology company headquartered in Dallas, Texas, with R&D and manufacturing operations in Dayton, Ohio. Solidion develops silicon-rich anodes, solid-state batteries, and fire-retardant electrolytes designed to deliver higher energy density, improved safety, and lower cost for the electric vehicle, energy storage, consumer electronics, aerospace and defense, and AI data center markets, including next-generation backup power for data center operators. The Company is backed by a global portfolio of over 385 patents covering innovations such as high-capacity, silane gas-free, and graphene-enabled silicon anodes, biomass-based graphite, and advanced lithium-sulfur and lithium-metal technologies. Solidion also pursues a disciplined acquisition strategy focused on opportunities that complement its platform and create long-term shareholder value.

For more information, please visit www.ir.solidiontech.com or contact Investor Relations.

Forward-Looking Statements 

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Solidion Technology Inc., (NASDAQ: STI) (the “Company,” “Solidion,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The statements contained in this press release that are not purely historical are forward-looking statements. Without limitation, any statements preceded or followed by or that include the words “forecasts” “believe,” “may,” “will,” “would,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “position,” “is likely,” “expect” and similar expressions or the negative thereof, as they relate to us, are intended to identify forward-looking statements. Forward-looking statements in this press release may include, for example, statements about our financial and business performance and statements about our business, expansion plans and opportunities. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond our control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the inability of our batteries to perform as expected, including design or manufacturing defects; competition in the evolving battery cell market and the selection of other battery cell technologies by OEMs; the need for additional safety testing of our battery technology before it can be installed in electric vehicles; reliance on complex production equipment, and operational and cost uncertainty in production; the performance of licensed technologies that have not been commercialized, or have only been commercialized to a limited extent; raw material and component price increases, supply constraints, and our ability to control costs and achieve cost advantages at scale; the pace of consumer adoption of electric vehicles; the unavailability of government incentives and subsidies; our ability to attract customers and to accurately forecast supply, demand and manufacturing requirements; our ability to attract and retain key employees and qualified personnel; our limited operating history and untested business model; our history of losses; our ability to obtain additional capital on commercially reasonable terms, or at all; our ability to manage growth and build our brand; the accuracy of assumptions and estimates behind our technical and production timelines and our financial statements; material weaknesses in our internal control over financial reporting; product liability claims, litigation, regulatory actions and government investigations; substantial and changing regulations; cybersecurity incidents, security breaches, and data privacy compliance; tariffs and trade tensions, including a potential global trade war; and other risks detailed in our other Securities and Exchange Commission filings, particularly in the section titled “Risk Factors” contained in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

Please follow us on:

LinkedIn: https://www.linkedin.com/company/solidion-tech

X: https://x.com/solidiontech

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/solidion-technology-nasdaq-sti-reports-third-quarter-financial-results-highlighting-strong-cash-balance-reduction-in-liabilities-and-positive-eps-302933931.html

SOURCE Solidion Technology, Inc.

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FXT Named Most Innovative Broker at the 2026 Finance Magnates Awards

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1 hour ago

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November 9, 2026

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Trader-first innovation recognised across FXT’s all-in-one trading ecosystem.

SYDNEY, Nov. 10, 2026 /PRNewswire/ — FXT has been named Most Innovative Broker 2026 in the global brokerage category at the Finance Magnates Awards, announced on 6 November in Limassol, Cyprus.

For FXT, the award marks more than technology. It celebrates a philosophy pursued since 2014: relentless innovation, Total Quality Management and the belief that every advancement should give traders more clarity, control and choice when markets move.

That philosophy shapes FXT’s all-in-one trading ecosystem, connecting multi-asset CFD trading, MetaTrader platforms, FXT WebTrader, the FXT App trading experience and account tools. Rather than forcing traders to piece together disconnected services, FXT is building around their decisions and workflows.

At the centre is FXT AI, an in-house, multi-agent trading co-pilot integrated into the FXT client environment, not a generic AI plug-in. Its Market Reader, Trade Mentor and Risk Monitor are designed to bring market context, trading behaviour and open-position exposure into clearer view. FXT AI supports decision-making; traders remain in control.

FXT Social Trading extends that approach, connecting Strategy Providers and Followers within a dedicated copy-trading ecosystem. Together, these capabilities reflect innovation shaped around real trading needs, not technology for technology’s sake.

“This is a proud moment for everyone at FXT. Our ambition has always been to put traders at the centre of the technology we build. Innovation and precision are not separate promises; they are the standards we work to every day,” said CEO Adam Phillips.

The award provides momentum to FXT’s brand belief: In Control. When It Gets Real. Because when markets become unpredictable, traders deserve tools built for the moments that matter.

About FXT
FXT is a global multi-asset forex and CFD broker built for traders who want greater clarity, control and choice when markets move. Since 2014, more than 100,000 traders worldwide have used FXT to access 200+ instruments across forex, indices, commodities and share CFDs. FXT supports trading through MT4, MT5, FXT WebTrader and the FXT Mobile App, with FXT AI built into the account experience.

FXT is a registered business name of Gleneagle Securities Pty Ltd, licensed by the Vanuatu Financial Services Commission under licence number 40256.

CFDs are leveraged products and carry a high risk of loss. Product availability, trading conditions and protections vary by jurisdiction and account type.

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