Open Text Corporation (OTEX) Releases Q2 2026 Earnings: Revenue Flat, EPS Down 24%

Open Text Corporation (OTEX) reported Q2 2026 results with total revenue of $1.3 billion, a slight year-over-year decline of 0.6%.

Total revenue: $1.3 billion (down 0.6% year-over-year).

Gross profit: $982.2 million (up 0.4% year-over-year).

Operating profit: $291.8 million (down 1.4% year-over-year).

Net income attributable to common shareholders: $168.1 million (down 26.9% year-over-year); diluted earnings per share: $0.66 (down 24.1%).

Cash flow and the balance sheet showed improvement, with stronger operating cash generation and higher liquidity.

Cash from operating activities: $233.2 million (up 72.6% year-over-year).

Purchases of property, plant and equipment: $39.2 million (down 5.0% year-over-year).

Cash and cash equivalents: $1.3 billion (up 13.3% year-over-year).

Total liabilities: $9.5 billion (up 0.3% year-over-year).

In Q2 2026, Open Text (OTEX) delivered relatively steady top-line and gross-margin performance while reporting a notable decline in net income and EPS; at the same time, operating cash flow strengthened and liquidity increased.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Open Text Corporation Hedge Fund Activity

We have seen 147 institutional investors add shares of Open Text Corporation stock to their portfolio, and 127 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

HARRIS ASSOCIATES L P removed 5,498,367 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $205,528,958
MANUFACTURERS LIFE INSURANCE COMPANY, THE added 5,336,769 shares (+124.8%) to their portfolio in Q3 2025, for an estimated $199,488,425
ROYAL BANK OF CANADA added 3,526,146 shares (+51.9%) to their portfolio in Q3 2025, for an estimated $131,807,337
FIL LTD added 3,440,000 shares (+42.7%) to their portfolio in Q3 2025, for an estimated $128,587,200
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 3,307,647 shares (-42.8%) from their portfolio in Q3 2025, for an estimated $123,639,844
TURTLE CREEK ASSET MANAGEMENT INC. removed 3,101,343 shares (-98.3%) from their portfolio in Q3 2025, for an estimated $115,928,201
CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. added 1,896,755 shares (+456.0%) to their portfolio in Q3 2025, for an estimated $70,900,701

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Open Text Corporation Government Contracts

We have seen $1,422,222 of award payments to $OTEX over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

PIMS OPERATION AND MAINTENANCE (O&M): $1,211,378
DOCKET MANAGEMENT SYSTEM (MYDMS) SOFTWARE DEVELOPMENT, MAINTENANCE AND ENHANCEMENTS SUPPORT SERVICES: $210,844

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

Open Text Corporation Analyst Ratings

Wall Street analysts have issued reports on $OTEX in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Scotiabank issued a "Sector Outperform" rating on 09/24/2025
National Bank Financial Inc issued a "Outperform" rating on 09/15/2025

To track analyst ratings and price targets for Open Text Corporation, check out Quiver Quantitative's $OTEX forecast page.

Open Text Corporation Price Targets

Multiple analysts have issued price targets for $OTEX recently. We have seen 11 analysts offer price targets for $OTEX in the last 6 months, with a median target of $38.0.

Here are some recent targets:

Stephanie Price from CIBC set a target price of $37.0 on 01/16/2026
Steven Enders from Citigroup set a target price of $36.0 on 12/23/2025
Seth Gilbert from UBS set a target price of $38.0 on 11/07/2025
Samad Samana from Jefferies set a target price of $35.0 on 11/06/2025
Raimo Lenschow from Barclays set a target price of $39.0 on 10/21/2025
Daniel Chan from TD Securities set a target price of $40.0 on 10/03/2025
Daniel Chan from TD Cowen set a target price of $40.0 on 10/03/2025