Cerence (CRNC)
Builds white-label voice, audio, and agentic AI platforms for automakers and suppliers.
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Sells edge-to-cloud voice, audio, and generative AI software for branded vehicle assistants, with license, connected-service, and professional-service revenue from automakers and Tier 1 suppliers. The business is international, split across Europe, Asia, and the Americas, and is shifting toward xUI and CaLLM for software-defined vehicles.
Builds white-label vehicle assistant software that automakers and Tier 1 suppliers embed in branded cockpit experiences. The portfolio spans Conversational and Generative AI, Audio AI, Cerence xUI, the CaLLM model family, speech recognition, text-to-speech, signal processing, and acoustic event detection.
Earns through software licenses for edge components, cloud-connected services, and professional services for design, deployment, maintenance, and enhancement. Revenue is international, with Europe and Asia forming the main regional base and the Americas smaller.
Originated as a Nuance Communications spin-off in 2019 and reports as one operating segment. Execution depends on automotive production, OEM and supplier program timing, pricing pressure from large customers, and adoption of xUI and CaLLM in software-defined vehicles.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Feb 9, 2026 | Goldman Sachs | Reiterate | Rating: —Target: $11 | Target: $8 |
| Nov 20, 2025 | Goldman Sachs | Reiterate | Rating: —Target: — | Target: $11 |
| Jan 22, 2025 | Needham | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $127.6M · Total debt $187.1M · Total assets $620.9M · Shareholders' equity $166.4M
- Revenue
- $69.6M
- Operating income
- $1.9M
- Net income
- $1.5M
No dividends on record.
| Institutions | 83.06% | 37.57M shares | |
|---|---|---|---|
| 211 holders · as of Jun 30, 2026 | |||
| Insiders | 9.20% | 4.16M shares | |
| 14 holders · as of Aug 12, 2026 | |||
| Strategic holders | 24.73% | 11.19M shares | |
| 3 holders · as of Feb 13, 2023 | |||
| Adds to | 116.99% | ||
45.23M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 116.99%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Strategic | 14.63% | 6.62M | filed Jul 8, 2022 |
BlackRock, Inc.Institution | 10.04% | 4.54M | as of Jun 30, 2026 |
Clearbridge Investments, LLCInstitution | 6.46% | 2.92M | filed Feb 14, 2020 |
Financial, Inc.Strategic | 5.57% | 2.52M | filed Feb 14, 2022 |
Paradigm Capital Management Inc/NYInstitution | 5.55% | 2.51M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 10, 2026 | Jennifer Salinas | officer: EVP Chief Admin Officer | −25,998 | $8.83 |
| Oct 9, 2025 | Brian M. Krzanich | director, officer: Chief Executive Officer | −132,075 | $11.46 |
| Oct 6, 2025 | Nils Schanz | officer: EVP Product & Technology | −30,560 | $12.76 |
| Oct 6, 2025 | Christian Mentz | officer: EVP, Chief Revenue Officer | −26,872 | $12.76 |
| Oct 6, 2025 | Antonio Rodriquez | officer: CFO | −38,347 | $12.76 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Cerence | $8.14 | −0.12% | $368.3M | — | 11.3 | 1.2 | +11.8% |
| Alphabet Class A | $358.54 | +1.01% | $4.30T | 17.8 | 26.7 | 9.6 | +24.2% |
| SoundHound AI | $6.19 | +0.24% | $2.69B | — | — | 13.2 | +45.0% |
| Baidu (ADR) | $91.99 | −0.24% | $31.36B | — | 18.3 | 1.6 | +1.1% |
| Amazon | $255.47 | −1.15% | $2.78T | 20.8 | 27.4 | 3.6 | +19.6% |
| Apple | $343.66 | +1.38% | $4.98T | 38.8 | 37.0 | 10.7 | +16.4% |
| Alibaba Group (ADR) | $116.68 | +0.80% | $277.46B | 26.3 | 17.7 | 1.8 | +14.7% |
| Median | 23.5 | 26.7 | 6.6 | +18.0% |