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TDC

TERADATA CORP /DE/
7 filings tracked
technologycloud computingMID ($2B-10B)

Company Intelligence Hub

Filing history, signal momentum, and bull/bear evolution

Chronological Filing Evolution (Click to filter / toggle)

Thesis (Bull Case Evolution)

Teradata is successfully executing a structural pivot toward a high-margin, recurring revenue model.…

Bullish Outlook

Antithesis (Bear Case / Structural Risks)

The headline profitability in the first quarter is an illusion created by a one-time legal windfall. While net income appears strong, Teradata actually posted an operating loss of $36 million, and SG&A expenses exploded by 71% year-over-year.…

Risk Factors

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Synthesis (Verdict & Resolution)

Teradata's first quarter results present a stark contrast between operational headwinds and a massive liquidity event. The receipt of the SAP settlement has provided a significant cash cushion and inflated net income, but it also obscures a challenging operating environment characterized by a $36 million loss from operations and a volatile transition to the cloud. The company is effectively in a race to scale its Public Cloud ARR fast enough to replace the decaying legacy maintenance and subscription revenue. Ultimately, the filing shows a company with a strong balance sheet but an inconsistent operating engine. Investors must weigh the genuine progress in cloud migration and margin expansion against the reality of a shrinking on-premises core and a loss-making consulting arm. The next several quarters will be decisive in determining if the 'new' Teradata can sustain growth without the aid of non-recurring legal gains.

Selected Quarter

Core Takeaway

Teradata is successfully migrating to the cloud, but its operational profitability remains fragile despite a huge cash infusion from a legal settlement.

Investor Lens

The trade-off is between the high-growth potential of the Public Cloud segment and the continuing drag of the legacy on-premises and consulting businesses.

Watch Next

Total ARR growth and Public Cloud ARR expansion in the next quarterly report to see if the trend continues without the SAP windfall.

View Full SEC Report

Signal Momentum Chart

Quarterly net bull/bear signal ratio. Click nodes to select a quarter.

BULLISH (+1.0)NEUTRAL (0.0)BEARISH (-1.0)+0.38Q2 '26 (10-Q)

Signal Timeline

Active Filters:Quarter: Q2 '26 (10-Q)
bearishMay 6

Reported an operating loss of $36 million despite headline net income growth.

earnings miss
60%
bullishMay 6

Gross margin increased to 62.2% from 59.3% due to higher recurring revenue mix.

margin expansion
70%
bullishMay 6

Active share repurchase program with $470 million remaining authorization.

buyback
50%
bullishMay 6

Significant cash infusion from $480 million SAP legal settlement.

capital raise
90%
bearishMay 6

Reported an operating loss of $36 million despite headline net income growth.

earnings miss
60%
bullishMay 6

Gross margin increased to 62.2% from 59.3% due to higher recurring revenue mix.

margin expansion
70%
bullishMay 6

Active share repurchase program with $470 million remaining authorization.

buyback
50%
bullishMay 6

Significant cash infusion from $480 million SAP legal settlement.

capital raise
90%
bearishMay 6

Reported an operating loss of $36 million despite headline net income growth.

earnings miss
60%
bullishMay 6

Gross margin increased to 62.2% from 59.3% due to higher recurring revenue mix.

margin expansion
70%
bullishMay 6

Active share repurchase program with $470 million remaining authorization.

buyback
50%
bullishMay 6

Significant cash infusion from $480 million SAP legal settlement.

capital raise
90%
bearishMay 6

Reported an operating loss of $36 million despite headline net income growth.

earnings miss
60%
bullishMay 6

Gross margin increased to 62.2% from 59.3% due to higher recurring revenue mix.

margin expansion
70%
bullishMay 6

Active share repurchase program with $470 million remaining authorization.

buyback
50%
bullishMay 6

Significant cash infusion from $480 million SAP legal settlement.

capital raise
90%
bearishMay 6

Reported an operating loss of $36 million despite headline net income growth.

earnings miss
60%
bullishMay 6

Gross margin increased to 62.2% from 59.3% due to higher recurring revenue mix.

margin expansion
70%
bullishMay 6

Active share repurchase program with $470 million remaining authorization.

buyback
50%
bullishMay 6

Significant cash infusion from $480 million SAP legal settlement.

capital raise
90%
bearishMay 6

Reported an operating loss of $36 million despite headline net income growth.

earnings miss
60%
bullishMay 6

Gross margin increased to 62.2% from 59.3% due to higher recurring revenue mix.

margin expansion
70%
bullishMay 6

Active share repurchase program with $470 million remaining authorization.

buyback
50%
bullishMay 6

Significant cash infusion from $480 million SAP legal settlement.

capital raise
90%
bearishMay 6

Reported an operating loss of $36 million despite headline net income growth.

earnings miss
60%
bullishMay 6

Gross margin increased to 62.2% from 59.3% due to higher recurring revenue mix.

margin expansion
70%
bullishMay 6

Active share repurchase program with $470 million remaining authorization.

buyback
50%
bullishMay 6

Significant cash infusion from $480 million SAP legal settlement.

capital raise
90%

Filing History

10-QMay 6, 2026
Expand Sequence

Teradata's first quarter results present a stark contrast between operational headwinds and a massive liquidity event. The receipt of the SAP settlement has provided a significant cash cushion and inflated net income, but it also obscures a challenging operating environment characterized by a $36 million loss from operations and a volatile transition to the cloud. The company is effectively in a race to scale its Public Cloud ARR fast enough to replace the decaying legacy maintenance and subscription revenue. Ultimately, the filing shows a company with a strong balance sheet but an inconsistent operating engine. Investors must weigh the genuine progress in cloud migration and margin expansion against the reality of a shrinking on-premises core and a loss-making consulting arm. The next several quarters will be decisive in determining if the 'new' Teradata can sustain growth without the aid of non-recurring legal gains.

Disclaimer: The synthesis provided is generated by AI models and should not be construed as investment advice. Analysis is based solely on regulatory data present at the time of publication. Consult a financial advisor for specific investment strategies.