Cerence

Cerence repurchased convertible 1.50% senior notes (due 2028) with a face value of $10 million in privately negotiated transactions at a buyback price of 92.75% of par plus accrued interest. The company cited its current liquidity position and outlook for future cash generation as the rationale, and expects lower interest costs and the elimination of potential dilution from refinancing. After the repurchase, notes with an aggregate principal amount of $170 million remain outstanding through 2028; Cerence is continuing to review its liquidity and market conditions for the remaining notes. » More on de.investing.com

Cerence reported Q2 FY26 revenue of $64.2 million, beating the company’s guidance range but remaining 17.7% below the prior year. Gross margin and net income declined sharply, while adjusted EBITDA of $7.2 million and operating cash flow of $14.1 million came in ahead of expectations. The company saw growth in connected services and stable variable license revenue, but suffered steep declines in fixed license revenue as it shifts to usage‑based models. For Q3 and FY26 Cerence expects sequential improvement in revenue, gross margin and adjusted EBITDA, and cites a backlog of $971.3 million as visibility for future revenue. » More on de.investing.com

Cerence will deepen its collaboration with BYD to roll out next‑generation, CaLLM‑powered in‑car AI assistants via the Cerence xUI platform, starting this spring with the ATTO 2 DM‑i. The system enables fluid, multi‑step conversational interactions, real‑time information on travel, music, sports and news, and supports multiple languages for localized experiences. The integration aims to combine automotive‑grade reliability with faster global deployment while keeping the assistant brand‑aligned and intuitive. » More on finance.yahoo.com