Teradata (TDC) Q2 FY26 earnings call

Teradata delivered a solid Q2 FY26, driven by strong recurring revenue and significant margin expansion, reaffirming its full-year outlook while raising EPS and FCF guidance. The company is capitalizing on the agentic AI era with new product launches like the Autonomous Knowledge Platform, emphasizing its hybrid data foundation and on-premise capabilities to address enterprise AI deployment challenges and data sovereignty needs. The shift in revenue recognition under ASC 606 means more revenue was recognized in H1, leading to expected slight declines in H2 despite consistent full-year targets.