Xerox reported second-quarter 2026 results on July 30. Revenue was $1.92 billion, up 22% because of the Lexmark acquisition that closed in July 2025, but down 6.5% on a pro forma basis that counts Lexmark in both years. Excluding Lexmark, post-sale revenue fell 6.8%, which Xerox attributed mainly to lower equipment service and managed print services revenue. Its IT Solutions segment fell 8.9%. Xerox raised its full-year profit guidance and lifted its cost-synergy target from the Lexmark deal to at least $350 million.
For businesses that lease copiers or buy managed print from Xerox, Lexmark, or their dealers, this is a company in the middle of a large integration and cost-cutting effort. Xerox has launched new A4 color devices under a unified brand and expanded its A3 lineup, and integration programs like this can lead to consolidated product lines, support teams, and service territories.
If your print contract is up in the next year, ask your provider which device models are being kept, how long parts and supplies will be available for your current fleet, and whether service response times in your area are changing. Check your actual page volumes against what your contract assumes. Get competing quotes before you sign a renewal.
CEO Louie Pastor said the company's priorities are stabilizing revenue, increasing profitability, and reducing debt.
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Xerox
The company that invented the modern office copier and modern MPS — Xerox's MPS program is among the most mature in the industry, managing 1.5M+ devices globally. Xerox Workplace Cloud provides cloud-based print management and pull printing across mixed-vendor fleets, differentiating from competitors that only manage Xerox hardware. IT services (Xerox IT Solutions) extend beyond print into managed IT for SMB. Partnered with Kyocera in July 2025 to embed Kyocera inkjet technology into the Xerox MPS portfolio. Not available through master agent channel — sold through Xerox agents and authorized dealers.
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