A maker of AI and data analytics software for large organizations, Teradata builds a platform that lets companies run analytics and agentic AI across hybrid, multi-cloud, and on-premises setups, with products like ClearScape Analytics and QueryGrid. Its customers are big data users in financial services, healthcare, and retail, working alongside cloud partners including AWS, Microsoft Azure, and Google Cloud. Recent additions include an Enterprise Vector Store, the Teradata AI Factory for on-premises AI, and Teradata AgentBuilder for deploying autonomous AI agents.
Total revenue was $410 million, flat year-over-year, with recurring revenue of $363 million, up 3% as reported and 2% in constant currency.
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GAAP operating margin was 11.7%, up 580 basis points; non-GAAP operating margin was 21.5%, up 510 basis points.
GAAP diluted EPS was $0.48 versus $0.09; non-GAAP diluted EPS was $0.69 versus $0.47.
Cash flow from operations was $106 million, up 147%; adjusted free cash flow was $127 million, up 226%.
For Q3 2026, Teradata expects non-GAAP diluted EPS of $0.55-$0.59; for full-year 2026, it raised non-GAAP EPS guidance to $2.65-$2.73 and adjusted free cash flow to $330-$350 million.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Teradata appoints Bernd Leukert to its Board of Directors, effective August 1, 2026.
Bernd Leukert was elected as a Class II director with a term expiring at the 2027 Annual Meeting of Stockholders.
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The Board expanded from nine to ten directors, and Class II from three to four directors, effective August 1, 2026.
Leukert was appointed to the Nominating and Governance Committee of the Board.
The Board determined Leukert is independent under Teradata's Corporate Governance Guidelines and NYSE/SEC requirements.
Leukert will participate in the non-employee director compensation arrangements under the Teradata Director Compensation Program.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
Teradata enters $400M revolving credit facility, repays prior term loan
On June 24, 2026, Teradata entered a five-year unsecured revolving credit facility of up to $400 million with Bank of America as administrative agent.
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The facility includes a $50 million sublimit for standby letters of credit and a $50 million sublimit for swingline loans, with an option to increase by up to $200 million.
Up to $100 million of loans may be denominated in British Pounds Sterling, Euros, or Japanese Yen.
The new credit agreement replaced the 2022 prior agreement, and the outstanding term loan under the prior agreement was repaid in full.
The facility matures on June 24, 2031, with possible two one-year extensions, and is guaranteed by certain material domestic subsidiaries.
1.01 Entry into a Material Definitive Agreement · 1.02 Termination of a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits
Melissa B. Fisher, Stephen McMillan, and Kimberly K. Nelson were elected as Class I directors for three-year terms expiring at the 2029 Annual Meeting.
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At the May 14, 2026 Annual Meeting, stockholders approved the Teradata 2023 Stock Incentive Plan as Amended and Restated, increasing available shares by 6,300,000.
The say-on-pay advisory vote passed with 77,550,609 votes for and 2,479,139 against.
Stockholders ratified the appointment of PricewaterhouseCoopers LLP as independent auditor for 2026 with 87,449,014 votes for.
Approximately 93.33% of outstanding shares were represented at the meeting.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits
Teradata reports Q1 2026 results with total revenue up 6% and raises full-year GAAP EPS guidance.
Total revenue was $444 million for Q1 2026, up 6% as reported and 4% in constant currency from Q1 2025.
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Total ARR reached $1.492 billion, up 3% as reported and 2% in constant currency; public cloud ARR was $686 million, up 13% as reported and 12% in constant currency.
GAAP diluted EPS was $3.47, including a $2.90 per share benefit from the SAP settlement; non-GAAP diluted EPS was $0.88.
Cash flow from operations was $401 million and free cash flow was $390 million, including a $359 million pre-tax net benefit from the SAP settlement.
For full-year 2026, Teradata raised GAAP diluted EPS guidance to $4.22-$4.32 and reaffirmed non-GAAP diluted EPS guidance of $2.55-$2.65.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Teradata elects Melissa Fisher as Class I director effective March 1, 2026
On February 27, 2026, the Board approved expanding the Board from nine to ten directors and Class I from three to four directors, effective March 1, 2026.
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Melissa Fisher was elected as a Class I director with a term expiring at the 2026 annual meeting, and appointed to the Audit Committee and Nominating and Governance Committee, designated as an Audit Committee Financial Expert.
The Board determined Ms. Fisher is independent under Teradata's guidelines and NYSE/SEC requirements; no arrangements or transactions requiring disclosure under Item 404(a) were reported.
Ms. Fisher will participate in the non-employee director compensation arrangements under the Teradata Director Compensation Program.
Daniel Fishback, a Class I director, will retire at the end of his current term at the 2026 annual meeting and will not stand for re-election; his retirement is not due to any disagreement with the Company.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Teradata settles litigation with SAP for $480 million gross payment
On February 19, 2026, Teradata entered into a Settlement Agreement with SAP SE, SAP America, Inc., and SAP Labs, LLC to resolve all past and pending litigation.
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Teradata will receive a gross payment of $480 million no later than 60 days after the effective date.
The parties agreed to mutual releases of all claims and liabilities asserted or that could have been asserted in the litigation.
Upon receipt of the settlement amount, the parties will request dismissal of all claims, defenses, and counterclaims with prejudice.
Teradata estimates net cash proceeds of approximately $355–$362 million before taxes after fees and expenses, and will update on its 2026 first quarter earnings call.