$XRX

Diebold Nixdorf (DBD) stock rose 18.7% after Q2 earnings, trading at $129.24. IonQ (IONQ) reported $80.05M revenue, up 287% YoY, but stock fell 20.2% to $31.88. Hewlett Packard Enterprise (HPE) saw $12.21B revenue, up 33.7% YoY, stock up 10.6% to $57.33. Xerox (XRX) reported $1.92B revenue, up 22% YoY, stock up 4.7% to $2.76. Market risks shifted from AI to geopolitics.

Xerox, HP, Canon, and Kyocera made announcements this week, focusing on managed print services (MPS) and software. Xerox hosted its 2026 Global Partner Summit, emphasizing MPS. Kyocera acquired a Toronto dealer and awarded a U.S. partner. HP and Canon also announced deals. The shift to MPS software is central to the industry's strategy, with Xerox's CEO highlighting its importance post-Lexmark acquisition.

Analysts upgraded Unity (U) to Outperform with a $54 target, citing strong execution and partnerships. Palantir (PLTR) was upgraded to Buy with a $230 target. Royal Caribbean (RCL) and Global Payments (GPN) also received upgrades. Chime (CHYM) was upgraded to Buy with a $35 target. Downgrades included HubSpot (HUBS), Constellation Brands (STZ), NXP Semiconductors (NXPI), Universal Display (OLED), Fiserv (FISV), and Xerox (XRX).

Citigroup downgraded Xerox Holdings to 'Sell' from 'Neutral' and set a price target of $2.50. The stock has seen a 5-day change of +2.73% and a 1-year change of -4.90%. The downgrade is based on valuation, EPS revisions, and visibility metrics.

Dell (DELL) is up 34.4% since reporting, trading at $571.05. Everpure (P) reported $1.19B revenue, up 37.7% YoY, but stock is down 4.3%. Diebold Nixdorf (DBD) missed expectations, stock down 30.4%. Xerox (XRX) reported $1.92B revenue, up 22% YoY, stock up 31.4%. IonQ (IONQ) reported $80.05M revenue, up 287% YoY, stock down 2.2%.

Xerox (XRX) stock surged 6.9% in pre-market trading after activist investor Starteepo disclosed a 7.34% stake and demanded strategic changes, including a potential spin-off of its financial services division, which they value at $7.69 per share. The rally is attributed to the activist's pressure and valuation arguments, rather than broader market trends.

Xerox Corp (XRX) faces pressure from activist investor Starteepo, which holds a 7.34% stake, to review its financial services arm. Starteepo suggests the unit could be worth $7.69 per share and urges Xerox to disclose its financials and explore strategic options. Xerox's market cap is around $418 million, and shares rose 1.8% in premarket trading.

Xerox (XRX) partnered with Flint Group Digital Xeikon to expand its production print portfolio, integrating their technology into Xerox's ecosystem. The deal aims to boost Xerox's position in digital packaging, labels, and commercial print. The first press will be branded under Xerox and enhanced with their software and services.

Xerox says it will return to Hunkeler Innovationdays in 2027 and plans to launch its PrimeLink C9200 Series in Australia in Q1 2027. The company is phasing out the Lexmark name after its $1.5bn Lexmark acquisition. Xerox also raised full-year 2026 revenue and adjusted operating income guidance after Q2, and increased Lexmark gross cost synergies to at least $350m.

Xerox (XRX) shares rose about 10.5% after the company reported Q2 2026 results above expectations. Adjusted EPS was $0.38 versus a consensus loss of $0.18, and revenue was $1.92B. Xerox raised full-year adjusted operating income guidance to $555M-$605M from $450M-$500M. Citi lifted its price target to $3.45 from $2.50.