OpenText issues revenue guide

OpenText said on April 10 that its third quarter fiscal 2026 revenue should come in at about US$1.28 billion, and it set May 7 for the full report and investor call. That is lower than the US$1.33 billion it reported in the previous quarter on February 5. (sec.gov) (opentext.com) This was not a normal “save the date” earnings notice. OpenText gave investors a revenue number nearly four weeks early, which companies usually do when they want the market focused on one headline before the full results arrive. (sec.gov) OpenText is one of the older names in enterprise content management, the software large companies use to store contracts, invoices, engineering files, and regulated records in one governed system. Its flagship content products plug into systems from SAP, Salesforce, Microsoft, and Guidewire so the documents sit inside the workflow instead of in a separate folder maze. (opentext.com 1) (opentext.com 2) It also sells archiving software, which is the corporate version of moving boxes from a crowded office into a labeled warehouse without throwing anything away. OpenText says its Information Archive product is used to retire old applications, keep records searchable, and cut infrastructure costs while meeting retention rules. (opentext.com 1) (opentext.com 2) That makes quarterly numbers unusually visible to customers. If a big records vendor looks steady, information-technology teams are more willing to sign multi-year migrations; if the numbers wobble, projects that involve archives, compliance files, and legacy system shutdowns often get pushed into the next budget meeting. (opentext.com 1) (opentext.com 2) The timing is also awkward because OpenText is changing leaders in the middle of the quarter. The company said on January 29 that Ayman Antoun will become chief executive officer on April 20, and the April 10 release said he will join the May 7 earnings call with Interim chief executive officer James McGourlay, Chief financial officer Steve Rai, and Executive Chair Tom Jenkins. (opentext.com) (sec.gov) Investors are walking into that call with a recent baseline. In the quarter ended December 31, 2025, OpenText reported US$1.33 billion in total revenue, a 37.0% adjusted earnings margin, and said its content management cloud business grew 18% in the quarter. (opentext.com) The company has also been reshaping itself while asking customers to buy into a cloud and artificial intelligence story. OpenText announced a US$150 million sale of Vertica on February 2, raised its share repurchase program to US$500 million on February 10, and has kept describing cloud modernization and enterprise artificial intelligence as its growth priorities. (investors.opentext.com) (opentext.com) So the May 7 call is now carrying two jobs at once. It has to explain why revenue slipped from US$1.33 billion to about US$1.28 billion in one quarter, and it has to show whether the new chief executive can keep OpenText’s content, archive, and cloud customers spending through the rest of fiscal 2026. (opentext.com) (sec.gov)