Alight reported second quarter revenue of $511 million, a 3.2% decrease year-over-year, and an adjusted EPS of $0.91. Both metrics exceeded analyst expectations. The company recorded a net loss from continuing operations of $10 million, a significant improvement from the prior-year quarter which included a large goodwill impairment charge.

Key Highlights

  • Revenue of $511 million declined 3.2% from $528 million in the prior year, primarily due to lower net commercial activity partially offset by higher project revenue.
  • Recurring revenue was $471 million, accounting for 92.2% of total revenue and exceeding the consensus estimate of $463.3 million.
  • Adjusted EBITDA fell 27.6% to $92 million from $127 million year-over-year, with the corresponding margin contracting to 18.0% from 24.1%.
  • The company guided for third quarter revenue of $469 million to $479 million and full-year 2026 revenue of $2.078 billion to $2.098 billion.