Form 8-K

8-K — TERADATA CORP /DE/

Accession: 0001628280-26-030514

Filed: 2026-05-05

Period: 2026-05-05

CIK: 0000816761

SIC: 7372 (SERVICES-PREPACKAGED SOFTWARE)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — tdc-20260505.htm (Primary)

EX-99.1 (tdc03312026exhibit991.htm)

GRAPHIC (image1.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: tdc-20260505.htm · Sequence: 1

tdc-20260505

TERADATA CORP /DE/0000816761false00008167612026-05-052026-05-05

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

__________________

FORM 8-K

__________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): May 5, 2026

TERADATA CORPORATION

(Exact name of registrant as specified in its charter)

Commission File Number 001-33458

Delaware 75-3236470

(State or other jurisdiction of

incorporation or organization) (I.R.S. Employer

Identification No.)

17095 Via Del Campo

San Diego, California 92127

(Address of principal executive offices and zip code)

Registrant’s telephone number, including area code: (866) 548-8348

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol Name of each exchange on which registered

Common Stock, $0.01 par value TDC New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

Teradata Corporation ("Teradata" or the "Company") is furnishing the following information as required under Item 2.02 “Results of Operations and Financial Condition” of Form 8-K. Such information, including Exhibit 99.1 attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934.

On May 5, 2026, the Company issued a press release setting forth its first quarter of fiscal year 2026 operating results as well as current outlook estimates for the second quarter of 2026 and for the full-year 2026 (the "Earnings Press Release"). A copy of the Earnings Press Release is attached hereto as Exhibit 99.1 and hereby incorporated by reference.

The Company also posted supplemental material dated May 5, 2026, on the Investor Relations page of its website at investor.teradata.com. Except as specifically noted herein, information on the Company’s website is not, and will not be deemed to be, a part of this Current Report on Form 8-K or incorporated into any other filings the Company may make with the Securities and Exchange Commission.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:

The following exhibits are attached with this current report on Form 8-K:

Exhibit No. Description

99.1

Press Release, dated May 5, 2026, issued by the Company (Earnings Press Release).

104

Cover Page Interactive Data (embedded within the Inline XBRL document).

Safe Harbor Statement

This Current Report on Form 8-K contains forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934. Forward-looking statements generally relate to opinions, beliefs, and projections of expected future financial and operating performance, business trends, liquidity, and market conditions, among other things. These forward-looking statements are based upon current expectations and assumptions and often can be identified by words such as “expect,” “strive,” “looking ahead,” “outlook,” “guidance,” “forecast,” “anticipate,” “continue,” “plan,” “estimate,” “believe,” “focus,” “see,” “commit,” “should,” “project,” “will,” “would,” “likely,” “intend,” “potential,” or similar expressions. Forward-looking statements in this release include our 2026 second quarter and 2026 full year financial outlook and product innovation and demand. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially, including those relating to: our strategy and ongoing business transformation, significant execution risk for our cloud, hybrid, on-premises, Artificial Intelligence (“AI”) and Machine Learning (“ML”) offerings, operational disruptions and unforeseen circumstances, impact of unanticipated delays or acceleration in our sales cycles to make accurate estimates impacting quarterly operating results, financial guidance and forecasts, the global economic environment and business conditions in general, including inflation, tariffs, and/or recessionary conditions; impact of price increase on our net sales, profit margins and earnings, the ability of our suppliers to meet their commitments to us; the timing of purchases, migrations, or expansions by our current and potential customers, including our ability to retain customers; the rapidly changing and intensely competitive nature of the information technology industry, the data analytics business, and artificial intelligence capabilities; fluctuations in our operating, capital allocation, and cash flow results; our ability to execute and realize the anticipated benefits of our refreshed brand, business transformation program or restructuring, sales and operational execution initiatives, and cost saving initiatives, including restructuring actions; risks inherent in operating in foreign countries, export controls and trade compliance, including sanctions, tariffs, foreign currency fluctuations, and/or acts of war; risks associated with data privacy, IP-enforcement actions, cyberattacks and maintaining secure and effective products for our customers, as well as, internal information technology and control systems; the timely and successful development, production or acquisition, availability and/or market acceptance of new and existing products, product features and services, including for our artificial intelligence, cloud, on-prem and hybrid offerings, tax rates; turnover of our workforce and the ability to attract and retain skilled employees; protecting our intellectual property; availability and successful execution of new alliance and acquisition opportunities; subscription arrangements that may be cancelled or fail to be renewed; the impact on our business and financial reporting from changes in accounting rules; and other factors described from time to time in Teradata’s filings with the U.S. Securities and Exchange Commission, including its most recent annual report on Form 10-K, and subsequent quarterly reports on Forms 10-Q or current reports on Forms 8-K, as well as Teradata’s annual report to stockholders. Teradata does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

TERADATA CORPORATION

Date: May 5, 2026 By: /s/ John Ederer

John Ederer

Chief Financial Officer

EX-99.1

Filename: tdc03312026exhibit991.htm · Sequence: 2

Document

Exhibit 99.1

INVESTOR CONTACT

Chad Bennett

chad.bennett@teradata.com

MEDIA CONTACT

Jennifer Donahue

jennifer.donahue@teradata.com

Teradata Reports First Quarter 2026 Financial Results

•Total ARR of $1.492 billion, an increase of 3% as reported and 2% in constant currency from the prior year period(1)

•Public cloud ARR of $686 million, an increase of 13% as reported and 12% in constant currency from the prior year period(1)

•Recurring Revenue of $400 million, up 12% as reported and 9% in constant currency(1)

•Cash Flow from Operations of $401 million and Free Cash Flow of $390 million, which includes a pre-tax net benefit of $359 million related to a settlement with SAP(3)

SAN DIEGO – May 5, 2026 -- Teradata (NYSE: TDC) today announced its first quarter 2026 financial results.

“Teradata delivered a strong first quarter, outperforming on key growth and performance metrics as we enter 2026. Enterprises are discovering that winning with AI requires context, governed data, codified industry knowledge, and a hybrid infrastructure that meets them wherever they operate," said Steve McMillan, President and CEO of Teradata. "Our autonomous AI and knowledge capabilities are the proven foundation for this AI era, and with significant innovations ahead, we are well positioned to enable the world's leading organizations to rapidly deploy agentic AI. Our trajectory is clear, and we believe that the opportunity to create meaningful, lasting value for our shareholders is significant.”

First Quarter 2026 Financial Highlights Compared to First Quarter 2025

•Total ARR increased to $1.492 billion from $1.442 billion, an increase of 3% as reported and 2% in constant currency(1)

•Public cloud ARR increased to $686 million from $606 million, an increase of 13% as reported and 12% in constant currency(1)

•Recurring revenue was $400 million versus $358 million, an increase of 12% as reported and 9% in constant currency(1)

•Total revenue was $444 million versus $418 million, an increase of 6% as reported and 4% in constant currency(1)

•Recurring revenue was 90% of total revenue versus 86%

•GAAP gross margin was 62.2% versus 59.3%

•Non-GAAP gross margin was 63.7% versus 60.3%(2)

•GAAP operating margin was (8.1%) versus 15.8%

•Non-GAAP operating margin was 27.3% versus 21.8%(2)

•GAAP diluted EPS was $3.47 versus $0.45 per share

•Non-GAAP diluted EPS was $0.88 versus $0.66 per share(2)

•Cash flow from operations was $401 million compared to $8 million

•Free cash flow was $390 million compared to $7 million(3)

•Adjusted free cash flow was $31 million compared to $7 million(3)

SAP Litigation Settlement

On February 19, 2026, Teradata entered into a settlement agreement with SAP. From the settlement, Teradata received a gross payment of $480 million in the first quarter of 2026. After accounting for legal fees and other expenses for the litigation and resulting settlement, the pre-tax net amount was $359 million, with $79 million of tax expense being recognized as a discrete item for US GAAP purposes in the first quarter. The net after tax settlement positively impacted GAAP Diluted EPS by $2.90 in the first quarter of 2026. For both Cash flow from Operations and Free Cash Flow, the pre-tax amount of $359 million was reflected in the first quarter of 2026. In addition, an estimated $57 million of cash tax payments related to the settlement is expected to be paid by the end of 2026 which will change the Cash flow from Operations and Free Cash Flow linearity. Regarding the tax payments, approximately half is expected to be paid in second quarter of 2026 and the remaining half is expected to be split between the third and fourth quarters of 2026. On an after-tax net basis, the settlement is expected to provide a benefit of $302 million to Cash from Operations and Free Cash Flow.

Teradata is introducing Adjusted Free Cash Flow to provide a normalized free cash flow measure for the business. Adjusted Free Cash Flow will reflect adjustments for the impact from the SAP litigation and resulting settlement gross proceeds, legal and other expenses and incremental cash taxes specific to the settlement.

Outlook

For the second quarter of 2026:

•Recurring revenue in the range of -2% to flat year-over-year

•Total revenue in the range of -4% to -2% year-over-year

•GAAP diluted EPS is expected to be in the range of $0.22 to $0.26 per share

•Non-GAAP diluted EPS is expected to be in the range of $0.53 to $0.57 per share(2)

For the full year 2026, Teradata increases the following ranges:

•GAAP diluted EPS is now expected to be in the range of $4.22 to $4.32

•Cash flow from operations of $642 million to $662 million, which includes an after-tax net benefit of $302 million related to a settlement with SAP

•Adjusted free cash flow of $320 million to $340 million(3)

For the full year 2026, Teradata reaffirms the following ranges:

•Total ARR growth of 2% to 4% year-over-year

•Recurring revenue in the range of flat to 2% year-over-year

•Total revenue range in the range of -2% to flat year-over-year

•Non-GAAP diluted EPS in the range of $2.55 to $2.65 per share(2)

Earnings Conference Call

The conference call will begin at 1:30 p.m. PT on May 5, 2026. Investors and participants may attend the call by dialing (585) 542-9983 and entering access code 852900969. For investors and participants outside the United States, see global dial-in numbers at help.events.q4inc.com/eahc/international-dial-in-numbers, and use access code 852900969.

The live webcast, as well as a replay, will be available on the Investor Relations page of the Teradata website at investor.teradata.com.

Supplemental Financial Information

Additional information regarding Teradata’s operating results is provided below as well as on Teradata’s website at investor.teradata.com.

1.The impact of currency is determined by calculating the prior-period results using the current-year monthly average currency rates. See the foreign currency fluctuation schedule, which is used to determine revenue on a constant currency (“CC”) basis, on the Investor Relations page of the Company’s website at investor.teradata.com

Revenue

(in millions)

For the Three Months ended March 31

2026 2025 % Change as Reported % Change in CC

Recurring revenue $ 400 $ 358 12% 9%

Perpetual software licenses, hardware and other 1 10 (90)% (88)%

Consulting services 43 50 (14)% (15)%

Total revenue $ 444 $ 418 6% 4%

Product Sales $ 401 $ 368 9% 6%

Consulting Services 43 50 (14)% (15)%

Total revenue $ 444 $ 418 6% 4%

As of March 31

2026 2025 % Change as Reported % Change in CC

Annual recurring revenue* $ 1,492 $ 1,442 3% 2%

Public cloud ARR** $ 686 $ 606 13% 12%

The impact of currency on ARR is determined by calculating the prior period ending ARR using the current period end currency rates.

* Total Annual Recurring Revenue ("Total ARR") is defined as the annual contract value for all active and contractually binding term-based contracts at the end of the period, including cloud, recurring AI services, subscriptions, hardware rental, maintenance, and software upgrade rights. The Company believes this is a useful metric to investors as it demonstrates progress toward achieving our strategic objectives as outlined in the Form 10-K and Form 10-Q.

** Public cloud ARR is defined as the annual contract value for all active and contractually binding term-based contracts at the end of a period that are operated in a public cloud environment. The Company believes this is a useful metric to investors as it demonstrates progress toward achieving our strategic objectives as outlined in the Form 10-K and Form 10-Q.

2.Teradata reports its results in accordance with GAAP. However, as described below, the Company believes that certain non-GAAP measures such as free cash flow, adjusted free cash flow, non-GAAP gross profit, non-GAAP operating income, non-GAAP net income, and non-GAAP diluted earnings per share, all of which exclude certain items, and which may be reported on a constant currency basis, are useful for investors. Our non-GAAP measures are not meant to be considered in isolation to, as substitutes for, or superior to, results determined in accordance with GAAP, and should be read only in conjunction with our condensed consolidated financial statements prepared in accordance with GAAP. Each of our non-GAAP measures do not have a uniform definition under GAAP and therefore, Teradata’s definition may differ from other companies’ definitions of these measures.

The following tables reconcile Teradata’s actual and projected results and EPS under GAAP to the Company’s actual and projected non-GAAP results and EPS for the periods presented, which exclude certain specified items. Our management internally uses supplemental non-GAAP financial measures, such as gross profit, operating income, net income, and EPS, excluding certain items, to understand, manage and evaluate our business and support operating decisions on a regular basis. The Company believes such non-GAAP financial measures (1) provide useful information to investors regarding the underlying business trends and performance of the Company’s ongoing operations, (2) are useful for period-over-period comparisons of such operations and results, that may be more easily compared to peer companies and allow investors a view of the Company’s operating results excluding stock-based compensation expense and special items, (3) provide useful information to management and investors regarding present and future business trends, and (4) provide consistency and comparability with past reports and projections of future results.

For the

Three Months

(in millions, except per share data) ended March 31

Gross Profit: 2026 2025 % Chg.

GAAP Gross Profit $ 276 $ 248 11%

% of Revenue 62.2 % 59.3 %

Excluding:

Stock-based compensation expense 4 4

Reorganization and other costs 3 —

Non-GAAP Gross Profit $ 283 $ 252 12%

% of Revenue 63.7 % 60.3 %

Operating Income

GAAP Operating (loss) income $ (36) $ 66 N/A

% of Revenue (8.1) % 15.8 %

Excluding:

Stock-based compensation expense 29 22

Reorganization and other costs 7 3

SAP settlement costs $ 121 $ —

Non-GAAP Operating Income $ 121 $ 91 33%

% of Revenue 27.3 % 21.8 %

Net Income

GAAP Net Income

$ 335 $ 44 661%

% of Revenue 75.5 % 10.5 %

Excluding:

Stock-based compensation expense 29 22

Reorganization and other costs 7 3

SAP settlement (359) —

Income tax adjustments (i)

73 (5)

Non-GAAP Net Income

$ 85 $ 64 33%

% of Revenue 19.1 % 15.3 %

For the Three Months

ended March 31 2026 Outlook

Earnings Per Share:

2026 2025 2026 Q2 Guidance 2026 FY Guidance

GAAP Earnings Per Share

$ 3.47 $ 0.45 $0.22 - $0.26 $4.22 - $4.32

Excluding:

Stock-based compensation expense 0.30 0.23 0.32 1.25

Reorganization and other costs 0.07 0.03 0.05 0.24

SAP settlement (3.72) — — (3.72)

Income tax adjustments(i)

0.76 (0.05) (0.06) 0.56

Non-GAAP Diluted Earnings Per Share

$ 0.88 $ 0.66 $0.53 - $0.57 $2.55 - $2.65

i.Represents the income tax effect of the pre-tax adjustments to reconcile GAAP to Non-GAAP income based on the applicable jurisdictional statutory tax rate of the underlying item, including the $79 million discrete income tax effect of the SAP settlement recorded in the first quarter of 2026. Including the income tax effect assists investors in understanding the tax provision associated with those adjustments and the effective tax rate related to the underlying business and performance of the Company’s ongoing operations. As a result of these adjustments, the Company’s non-GAAP effective tax rate for the three months ended March 31, 2026, was 25.4% and March 31, 2025, was 22.9%.

3.As described below, the Company believes that free cash flow and adjusted free cash flow are useful non-GAAP measures for investors. Free cash flow and adjusted free cash flow do not have a uniform definition under GAAP in the United States and therefore, Teradata's definitions may differ from other companies' definitions of this measure. Teradata defines free cash flow as cash provided by/used in operating activities, less total capital expenditures and adjusted free cash flow as free cash flow less the gross proceeds from the SAP settlement, plus the non-recurring legal and other expenses incurred in connection with the SAP litigation and resulting settlement, and taxes paid specific to the settlement agreement. Teradata’s management uses free cash flow and adjusted free cash flow to assess the financial performance of the Company and believes they are useful for investors because they relate the operating cash flow of the Company to the capital that is spent to continue and improve business operations. In particular, free cash flow indicates the amount of cash generated after capital expenditures which can be used for among other things, investments in the Company's existing businesses, strategic acquisitions, strengthening the Company’s balance sheet, repurchase of Company stock and repay the Company’s debt obligations and adjusted free cash flow adjusts the impact of the SAP settlement. Neither free cash flow or adjusted free cash flow represent the residual cash flow available for discretionary expenditures since there may be other non-discretionary expenditures that are not deducted from these measures. These non-GAAP measures should not be considered as a substitute for, or superior to, cash flows from operating activities under GAAP.

For the Three Months

(in millions) ended March 31 Outlook

2026 2025 2026

Cash provided by operating activities (GAAP)

$ 401 $ 8 $642 to $662

Less total capital expenditures

(11) (1) (~20)

Free Cash Flow (non-GAAP measure)

$ 390 $ 7 $622 to $642

Less SAP gross settlement proceeds (480) — (480)

Plus legal and other expenses 121 — 121

Plus taxes specific to the settlement — — 57

Adjusted Free Cash Flow (non-GAAP Measure) $ 31 $ 7 $320 to $340

Note to Investors

This release contains forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934. Forward-looking statements generally relate to opinions, beliefs, and projections of expected future financial and operating performance, business trends, liquidity, and market conditions, among other things. These forward-looking statements are based upon current expectations and assumptions and often can be identified by words such as “expect,” “strive,” “looking ahead,” “outlook,” “guidance,” “forecast,” “anticipate,” “continue,” “plan,” “estimate,” “believe,” “focus,” “see,” “commit,” “should,” “project,” “will,” “would,” “likely,” “intend,” “potential,” or similar expressions. Forward-looking statements in this release include our 2026 second quarter and 2026 full year financial outlook and product innovation and demand. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially, including those relating to: our strategy and ongoing business transformation, significant execution risk for our cloud, hybrid, on-premises, Artificial Intelligence (“AI”) and Machine Learning (“ML”) offerings, operational disruptions and unforeseen circumstances, impact of unanticipated delays or acceleration in our sales cycles to make accurate estimates impacting quarterly operating results, financial guidance and forecasts, the global economic environment and business conditions in general, including inflation, tariffs, and/or recessionary conditions; impact of price increase on our net sales, profit margins and earnings, the ability of our suppliers to meet their commitments to us; the timing of purchases, migrations, or expansions by our current and potential customers, including our ability to retain customers; the rapidly changing and intensely competitive nature of the information technology industry, the data analytics business, and artificial intelligence capabilities; fluctuations in our operating, capital allocation, and cash flow results; our ability to execute and realize the anticipated benefits of our refreshed brand, business transformation program or restructuring, sales and operational execution initiatives, and cost saving initiatives, including restructuring actions; risks inherent in operating in foreign countries, export controls and trade compliance, including sanctions, tariffs, foreign currency fluctuations, and/or acts of war; risks associated with data privacy, IP-enforcement actions, cyberattacks and maintaining secure and effective products for our customers, as well as, internal information technology and control systems; the timely and successful development, production or acquisition, availability and/or market acceptance of new and existing products, product features and services, including for our artificial intelligence, cloud, on-prem and hybrid offerings, tax rates; turnover of our workforce and the ability to attract and retain skilled employees; protecting our intellectual property; availability and successful execution of new alliance and acquisition opportunities; subscription arrangements that may be cancelled or fail to be renewed; the impact on our business and financial reporting from changes in accounting rules; and other factors described from time to time in Teradata’s filings with the U.S. Securities and Exchange Commission, including its most recent annual report on Form 10-K, and subsequent quarterly reports on Forms 10-Q or current reports on Forms 8-K, as well as Teradata’s annual report to stockholders. Teradata does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

About Teradata

Teradata empowers enterprises to turn intelligence into autonomous action, grounding AI agents in deep business context and trusted data. As AI agents multiply, Teradata is the context foundation, governance layer, and performance backbone that companies need now. The Teradata Autonomous AI and Knowledge platform puts AI into production across cloud, on-premises, and hybrid environments. Learn more at Teradata.com

# # #

The Teradata logo is a trademark, and Teradata is a registered trademark of Teradata Corporation and/or its affiliates in the U.S. and worldwide.

SCHEDULE A

TERADATA CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(in millions, except per share amounts - unaudited)

For the Period Ended March 31

Three Months

2026 2025 % Chg

Revenue

Recurring $ 400 $ 358 12 %

Perpetual software licenses, hardware and other 1 10 (90) %

Consulting services 43 50 (14) %

Total revenue 444 418 6 %

Gross profit

Recurring 277 250

% of Revenue 69.3 % 69.8 %

Perpetual software licenses, hardware and other 1 1

% of Revenue 100.0 % 10.0 %

Consulting services (2) (3)

% of Revenue (4.7) % (6.0) %

Total gross profit 276 248

% of Revenue 62.2 % 59.3 %

Selling, general and administrative expenses 240 116

Research and development expenses 72 66

(Loss) income from operations (36) 66

% of Revenue (8.1) % 15.8 %

Other income (expense), net 473 (8)

Income before income taxes 437 58

% of Revenue 98.4 % 13.9 %

Income tax expense 102 14

% Tax rate 23.3 % 24.1 %

Net income $ 335 $ 44

% of Revenue 75.5 % 10.5 %

Net income per common share

Basic $ 3.60 $ 0.46

Diluted $ 3.47 $ 0.45

Weighted average common shares outstanding

Basic 93.0 95.1

Diluted 96.6 97.4

SCHEDULE B

TERADATA CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(in millions - unaudited)

March 31, 2026 December 31, 2025 March 31, 2025

Assets

Current assets

Cash and cash equivalents $ 816 $ 493 $ 368

Accounts receivable, net 322 251 307

Inventories 5 13 13

Other current assets 97 80 103

Total current assets 1,240 837 791

Property and equipment, net 202 198 201

Right of use assets- operating lease, net 6 7 8

Goodwill 397 399 396

Capitalized contract costs, net 39 42 40

Deferred income taxes 169 209 219

Other assets 89 87 97

Total assets $ 2,142 $ 1,779 $ 1,752

Liabilities and stockholders' equity

Current liabilities

Current portion of long-term debt $ 25 $ 25 $ 25

Current portion of finance lease liability 49 50 62

Current portion of operating lease liability 2 2 4

Accounts payable 58 96 100

Payroll and benefits liabilities 83 120 77

Deferred revenue 603 533 550

Other current liabilities 134 88 128

Total current liabilities 954 914 946

Long-term debt 424 431 449

Finance lease liability 49 45 43

Operating lease liability 4 4 5

Pension and other postemployment plan liabilities 112 114 105

Long-term deferred revenue 12 11 11

Deferred tax liabilities 12 12 10

Other liabilities 18 18 25

Total liabilities 1,585 1,549 1,594

Stockholders' equity

Common stock 1 1 1

Paid-in capital 2,330 2,305 2,214

Accumulated deficit (1,621) (1,923) (1,913)

Accumulated other comprehensive loss (153) (153) (144)

Total stockholders' equity 557 230 158

Total liabilities and stockholders' equity $ 2,142 $ 1,779 $ 1,752

SCHEDULE C

TERADATA CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in millions - unaudited)

For the Period Ended March 31

Three Months

2026 2025

Operating activities

Net income $ 335 $ 44

Adjustments to reconcile net income to net cash

provided by operating activities:

Depreciation and amortization 25 20

Stock-based compensation expense 29 22

Deferred income taxes 36 10

Changes in assets and liabilities:

Receivables (71) (73)

Inventories 8 5

Current payables and accrued expenses (15) (30)

Deferred revenue 71 39

Other assets and liabilities (17) (29)

Net cash provided by operating activities 401 8

Investing activities

Expenditures for property and equipment (10) (1)

Additions to capitalized software (1) —

Net cash used in investing activities (11) (1)

Financing activities

Repurchases of common stock (34) (44)

Repayments of long-term borrowings (6) (6)

Payments of finance leases (17) (16)

Other financing activities, net (5) (2)

Net cash used in financing activities (62) (68)

Effect of exchange rate changes on cash and cash equivalents (6) 9

Increase (decrease) in cash, cash equivalents and restricted cash 322 (52)

Cash, cash equivalents and restricted cash at beginning of period 494 421

Cash, cash equivalents and restricted cash at end of period $ 816 $ 369

Supplemental cash flow disclosure:

Non-Cash investing and financing activities:

Assets acquired by finance leases $ 20 $ 33

Assets acquired by operating leases $ 1 $ 1

SCHEDULE D

TERADATA CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in millions - unaudited)

For the Three Months Ended March 31

2026 2025 % Change As Reported

Change Constant Currency(2)

Segment Revenue

Product Sales $ 401 $ 368 9% 6%

Consulting Services 43 50 (14)% (15)%

Total segment revenue 444 418 6% 4%

Segment gross profit

Product Sales 281 253

% of Revenue 70.1 % 68.8 %

Consulting Services 2 (1)

% of Revenue 4.7 % (2.0) %

Total segment gross profit 283 252

% of Revenue 63.7 % 60.3 %

Reconciling items(1)

(7) (4)

Total gross profit $ 276 $ 248

% of Revenue 62.2 % 59.3 %

(1) Reconciling items include stock-based compensation, amortization of acquisition-related intangible assets and acquisition, integration and reorganization-related items.

(2) The impact of currency is determined by calculating the prior period results using the current-year monthly average currency rates.

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v3.26.1

Document and Entity Information Document

May 05, 2026

Cover [Abstract]

Document Type

8-K

Document Period End Date

May 05, 2026

Entity Registrant Name

TERADATA CORP /DE/

Entity File Number

001-33458

Entity Incorporation, State or Country Code

Entity Tax Identification Number

75-3236470

Entity Address, Address Line One

17095 Via Del Campo

Entity Address, City or Town

San Diego

Entity Address, State or Province

Entity Address, Postal Zip Code

92127

City Area Code

866

Local Phone Number

548-8348

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Title of 12(b) Security

Common Stock, $0.01 par value

Trading Symbol

TDC

Security Exchange Name

NYSE

Entity Emerging Growth Company

false

Entity Central Index Key

0000816761

Amendment Flag

false

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Cover page.

+ References

No definition available.

+ Details

Name:

dei_CoverAbstract

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration