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Teradata Reports Second Quarter 2026 Financial Results

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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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AtkinsRéalis Announces Private Offering of $400 Million of Unsecured Debentures

Published

8 minutes ago

on

November 10, 2026

By

MONTREAL, Nov. 9, 2026 /CNW/ — AtkinsRéalis Group Inc. (TSX: ATRL), a world-class engineering services and nuclear company with offices around the world, announced today that it has priced an offering of $400 million aggregate principal amount of 4.062% Series 11 unsecured debentures due November 12, 2029 (the “Debentures”).

Offering of Debentures

The Debentures are being offered through a syndicate of agents led by CIBC Capital Markets, Scotiabank and TD Securities, as joint bookrunners, and which also includes BMO Capital Markets, BNP Paribas (Canada) Securities Inc., National Bank of Canada Capital Markets, RBC Capital Markets, Desjardins Capital Markets and BofA Securities. The Debentures will be issued at a price of $1,000 per $1,000 principal amount of Debentures. AtkinsRéalis intends to use the net proceeds of the offering to repay existing indebtedness and for general corporate purposes.

The Debentures will bear interest at a fixed annual rate of 4.062%, payable in equal semi-annual instalments, in arrears, on May 12 and November 12 of each year until maturity, commencing on May 12, 2027.

The Debentures will be direct unsecured obligations of AtkinsRéalis, will rank pari passu with all other unsecured and unsubordinated indebtedness of AtkinsRéalis (including all of its other existing debentures as well as indebtedness under its existing main credit agreement) and will be guaranteed by the same subsidiaries that guarantee AtkinsRéalis’ obligations under its existing main credit agreement and its other outstanding debentures.

The Debentures have been assigned a provisional rating of BBB with a stable trend by DBRS Limited (Morningstar DBRS) and BBB- by Standard & Poor’s.

The Debentures have not been and will not be qualified for sale to the public under applicable securities laws in Canada and, accordingly, any offer and sale of the Debentures in Canada will be made on a basis which is exempt from the prospectus requirements of such securities laws. No securities regulatory authority has either approved or disapproved of the contents of this press release. The Debentures have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any other jurisdiction, and may not be offered or sold in the United States absent registration under, or an applicable exemption from the registration requirements of, the U.S. Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any offer to sell or a solicitation of an offer to buy the Debentures in any jurisdiction where it is unlawful to do so.

About AtkinsRéalis

Created by the integration of long-standing organizations dating back to 1911, AtkinsRéalis is a world-class engineering services and nuclear company dedicated to engineering a better future for our planet and its people. We create sustainable solutions that connect people, data and technology to transform the world’s infrastructure and energy systems. We deploy global capabilities locally to our clients and deliver unique end-to-end services across the whole life cycle of an asset including consulting, advisory & environmental services, intelligent networks & cybersecurity, design & engineering, procurement, project & construction management, operations & maintenance, decommissioning and capital advisory services. The breadth and depth of our capabilities are delivered to clients in strategic sectors such as Engineering Services and Nuclear, as steward of CANDU® nuclear technology. News and information are available at www.atkinsrealis.com or follow us on LinkedIn.  

Forward-Looking Statements
References in this press release, and hereafter, to the “Company”, “AtkinsRéalis”, “we”, “us” and “our” mean, as the context may require, AtkinsRéalis Group Inc. and all or some of its subsidiaries or joint arrangements or associates, or AtkinsRéalis Group Inc. or one or more of its subsidiaries or joint arrangements or associates.

Statements made in this press release, including, but not limited to, statements relating to the offering of the Debentures, or any other future events or developments and other statements that are not historical facts, constitute “forward-looking statements” which can be identified by the use of the conditional or forward-looking terminology such as “aims”, “anticipates”, “assumes”, “believes”, “cost savings”, “estimates”, “expects”, “forecasts”, “goal”, “intends”, “likely”, “may”, “objective”, “outlook”, “plans”, “projects”, “should”, “synergies”, “target”, “vision”, “will”, or the negative thereof or other variations thereon.

Specific forward-looking statements in this press release include, but are not limited to, statements with respect to the offering of the Debentures and the intended timing and use of proceeds thereof and to the credit ratings assigned to the Debentures. All such forward-looking statements are made pursuant to the “safe-harbour” provisions of applicable Canadian securities laws. The Company cautions that, by their nature, forward-looking statements involve risks and uncertainties, and that its actual actions and/or results could differ materially from those expressed or implied in such forward-looking statements, or could affect the extent to which a particular projection materializes. Forward-looking statements are presented for the purpose of assisting investors and others in understanding certain key elements of the Company’s current objectives, strategic priorities, expectations and plans, and in obtaining a better understanding of the Company’s business and anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes.

Forward-looking statements made in this press release are based on a number of assumptions believed by the Company to be reasonable as at the date of this press release. The assumptions are set out throughout the Company’s 2025 annual management’s discussion and analysis (“2025 MD&A”) (particularly in the sections entitled “Critical Accounting Judgements and Key Sources of Estimation Uncertainty” and “How We Analyze and Report Our Results”) filed with the securities regulatory authorities in Canada, available on SEDAR+ at www.sedarplus.ca and on the Company’s website at www.atkinsrealis.com  under the “Investors” section. If these assumptions are inaccurate, the Company’s actual results could differ materially from those expressed or implied in such forward-looking statements. In addition, important risk factors could cause the Company’s assumptions and estimates to be inaccurate and actual results or events to differ materially from those expressed in or implied by these forward-looking statements. Those risks are identified in the 2025 MD&A (particularly in the section entitled “Risks and Uncertainties”) and may be updated from time to time in the Company’s 2026 interim quarterly management’s discussion and analysis.

The forward-looking statements herein reflect the Company’s expectations as at the date of this press release and are subject to change after this date. The Company does not undertake to update publicly or to revise any written or oral forward-looking information or statements, whether as a result of new information, future events or otherwise, unless required by applicable legislation or regulation. The forward-looking information and statements contained herein are expressly qualified in their entirety by this cautionary statement.

For More Information :

Media             

Investors   

Antoine Calendrier           

Denis Jasmin   

Vice President, Global External 

Vice President, Investor Relations   

Communications

514-393-8000, ext. 57553  

media@atkinsrealis.com 

denis.jasmin@atkinsrealis.com 

SOURCE AtkinsRéalis

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Technology

Korea Deep Learning Cuts Financial Document Processing Time by 88%, Targets APAC Financial Sector

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November 10, 2026

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VLM-based AI agent demonstrates potential in automating complex financial workflows through joint PoC with South Korea’s Industrial Bank of KoreaKorean AI company advances PoC discussions with nine Japanese financial institutions following projects in Vietnam and Taiwan region

SEOUL, South Korea, Nov. 10, 2026 /PRNewswire/ — Korea Deep Learning (KDL), an enterprise AI agent company, is expanding its presence in the Asia-Pacific financial sector following a successful proof of concept (PoC) with South Korea’s Industrial Bank of Korea (IBK), which demonstrated an 88% reduction in financial document processing time.

The project applied KDL’s VLM-based AI agent, DEEP Agent for Finance, to automate document-intensive procedures for handling voice phishing relief cases. The solution combines document recognition, information extraction and crime-type inference, addressing tasks that traditionally require substantial manual review by financial institution employees.

During the PoC, the system achieved 100% accuracy in printed-text recognition and document classification, while handwriting recognition accuracy exceeded 97%, based on the project’s evaluation criteria. All key performance indicators exceeded their targets using actual business data. The solution was deployed within IBK’s closed network, with employee review retained for cases requiring additional verification.

The results provide a reference case for KDL as it pursues opportunities with financial institutions across Asia. The company has completed a separate PoC with Shinhan Vietnam Finance Company (SVFC), a local subsidiary of Shinhan Card, through the Shinhan Financial Group’s open innovation program. KDL has also supplied AI solutions in overseas markets including Vietnam and Taiwan region.

In Japan, KDL is advancing discussions about potential PoCs with nine financial institutions. It is also engaging with financial institutions across the region in banking, insurance and consumer finance. Some prospective partners have signed non-disclosure agreements and are evaluating the technology using actual business data.

KDL plans to convert ongoing technical evaluations into paid PoCs and supply contracts, while developing local partnerships and sales channels from 2027. The company also aims to extend its solutions beyond banking into insurance and securities, where document processing and information extraction remain important parts of daily operations.

“Financial institutions handling voice phishing relief cases often spend considerable time processing documents before they can focus on supporting customers,” said Ji-hyun Kim, CEO of Korea Deep Learning. “Our project with IBK demonstrates how VLM-based AI agents can reduce that administrative burden. We aim to help financial institutions automate repetitive tasks, improve operational efficiency and allocate more resources to consumer protection.”

About Korea Deep Learning

Founded in 2019, Korea Deep Learning is an enterprise AI agent company specializing in document intelligence and workflow automation. Its DEEP Agent platform combines DEEP OCR and DEEP Parser technologies to extract and process information from complex documents. The company serves more than 80 companies and public institutions in South Korea.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/korea-deep-learning-cuts-financial-document-processing-time-by-88-targets-apac-financial-sector-302931894.html

SOURCE Korea Deep Learning

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Technology

LG Innotek Shines Again in Vehicle Lighting with Third Consecutive CES Innovation Award

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November 10, 2026

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Next-generation vehicle lighting module Nexlide C+ wins CES 2027 Innovation AwardDifferent light patterns appear depending on the viewing angle, even from a single lighting moduleWorld’s first use of optical films in an ultra-slim surface light source module, enabling a thinner design

SEOUL, South Korea, Nov. 9, 2026 /PRNewswire/ — LG Innotek (CEO Moon Hyuksoo, 011070) announced on November 9 that its next-generation vehicle lighting module, Nexlide C+, has received a CES (Consumer Electronics Show) 2027 Innovation Award.

With its Nexlide series, LG Innotek has now received CES Innovation Awards for three consecutive years, from 2025 through 2027. The latest recognition reaffirms the company’s world-class competitiveness in vehicle lighting technology.

Nexlide is LG Innotek’s brand of next-generation flexible vehicle lighting modules, which combine the company’s proprietary optical design with advanced materials technology. Built on surface light source technology, which emits light in a broad and uniform fashion, Nexlide modules are thinner and more compact than conventional vehicle lighting while allowing a wide range of design possibilities. LG Innotek holds more than 700 patents related to surface light source technology.

The key strength of the award-winning Nexlide C+ is that a single lighting module can produce two or more 3D images, known as the 3D Multi-Effect. For example, the same module displays a 3D image with a diagonal pattern when viewed from the left and a vertical pattern when viewed from the right. Because the image changes with the viewing angle, the lighting creates a dynamic visual effect with a sense of depth.

Nexlide C+ can be integrated into various parts of a vehicle, from exterior lighting such as taillights and front grille lights to interior ambient lighting.

An LG Innotek official said, “Vehicle lighting is evolving from a simple signaling function into a key factor that shapes the design competitiveness of an automaker’s brand. Lighting technologies like Nexlide C+ that are capable of creating diverse light patterns will see even wider use.”

Nexlide C+ is also ultra-slim, at just 3 mm (0.12 in) thick or less, allowing it to be installed in tight spaces within a vehicle. LG Innotek is the first in the world to apply Light Turning Film and 3D Micro-Optic Pattern Film to an ultra-slim surface light source module.

The Light Turning Film precisely controls the direction of light to make different images appear at different viewing angles, while the 3D Micro-Optic Pattern Film makes images look three-dimensional even on a flat lighting surface.

The two films are only about 0.16 mm (0.0063 in) and 0.13 mm (0.0051 in) thick, respectively. By incorporating these ultra-thin films into the lighting module, LG Innotek enables a variety of 3D lighting effects in a slim profile. Previously, achieving the same effects required optical components such as plastic lenses and reflectors, and installing multiple components made the lighting unit bulkier.

By using these films to reduce the thickness of the lighting module, Nexlide C+ gives automakers even greater design freedom.

Going forward, LG Innotek will actively promote Nexlide C+ to global automakers and parts suppliers, targeting a 2027 launch.

At CES 2027 in January, LG Innotek will showcase a broad lineup of next-generation vehicle lighting modules, including Nexlide C+, along with key components for various areas of physical AI, such as autonomous driving and robotics.

[Background] LG Innotek previously received a CES 2025 Innovation Award for Nexlide A+, the industry’s first vehicle front lighting module to apply surface light source technology, with 40% less thickness and more than five times the brightness of the previous product. At CES 2026, the company received another Innovation Award for Nexlide Pixel, which reduced the lighting pixel size to among the smallest in the world while improving luminous efficiency by 30% compared with the previous product.

View original content to download multimedia:https://www.prnewswire.com/news-releases/lg-innotek-shines-again-in-vehicle-lighting-with-third-consecutive-ces-innovation-award-302933258.html

SOURCE LG Innotek

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