XRX

In the past six months (April - October 2026), Xerox's stock experienced significant volatility. The Q1 2026 earnings report on April 30, 2026, showed a 27% year-over-year revenue increase to $1.85 billion, largely due to the Lexmark acquisition, leading to a substantial stock price jump. In April 2026, Xerox launched "Xerox IT as a Service," an AI-powered ITaaS platform built on ServiceNow, signaling a strategic shift. The company declared quarterly dividends on its common and preferred stock. In September 2026, Xerox announced a major expansion of its production print portfolio. However, in October 2026, Citi downgraded Xerox's stock to "Sell" due to concerns about free cash flow and execution risks, causing a stock price drop. The stock surged 114% over 30 days post-Q1 earnings but declined 7.70% from the previous week and 14.50% from a month prior as of early October 2026, with the share price at $3.21 on September 29, 2026, representing a 14.63% decline over the year.