Slide 1: Investor Presentation May 2026
Investor Presentation May 2026 © 2026 Cerence Inc.
Slide 2: Forward-Looking Statements
Forward-Looking Statements Statements in this presentation as well as oral statements made by Cerence management from time to time, regarding: Cerence’s future performance, results and financial condition; expected growth, profitability and cash flow; outlook and momentum; Cerence's business model;
Slide 3: Cerence AI Company Overview
Cerence AI Company Overview © 2026 Cerence Inc. 3
Slide 4: Conversational AI for Automotive and Beyond
Conversational AI for Automotive and Beyond Automotive Two-Wheeler Autonomous Truck Wearables IoT Enterprise HealthCare OUR EXPERTISE & INNOVATION FOUNDATION CUSTOMER EMPOWERMENT 80+ 60B+ 525M+ Customization & Integration Global OEMs Tokens Cars shipped with and Tier1s (Dataset) Cerence tech Control
Slide 5: Experienced Leadership Team Driving the Future
Experienced Leadership Team Driving the Future Brian Krzanich Jennifer Salinas Nils Schanz President Executive Vice President, Chief Executive Vice President, & Chief Executive Officer Administrative Officer & General Counsel Product & Technology Christian Mentz Tony Rodriquez Executive Vice Preside
Slide 6: Cerence AI Board of Directors
Cerence AI Board of Directors Brian Krzanich Kristi Ann Matus Marianne Budnik Douglas Davis President Chairperson of the Board Director Director & Chief Executive Officer Marion Harris Marcy Klevorn Director Director © 2026 Cerence Inc. 6
Slide 7: Deep Partnerships with Leaders in Mobility and Beyond
Deep Partnerships with Leaders in Mobility and Beyond Automotive Trucks, Two Wheelers, Automotive Tier-1s Technology & Media Agriculture & Consumer, IoT & Industrial © 2026 Cerence Inc. 7
Slide 8: Cerence AI Solutions Portfolio
Cerence AI Solutions Portfolio © 2026 Cerence Inc. 8
Slide 9: Conversational AI Becoming More Imperative in Everything We Do
Conversational AI Becoming More Imperative in Everything We Do CES 2026: From Software to AI-Defined on Wheels The automotive industry has entered a global execution race where winners will be those who treat AI, software and validation not as features, but as core vehicle infrastructure deployed at
Slide 10: Behind the Wheel, Voice is the Most Natural Interface
Behind the Wheel, Voice is the Most Natural Interface Cognitive Overload Time Spent Cognitive Overload Time Spent • Americans spend >350 • UI complexity hours in-vehicle per year • Visual distraction • Numerous interactions o Directions • Task overload o Music o Entertainment • Phone usage not allow
Slide 11: Voice is Redefining the Automotive Experience
Voice is Redefining the Automotive Experience: Building the Bridge Between the Car and External Ecosystems, In and Outside the Car Music Lifestyle Productivity Home Maps Payments © 2026 Cerence Inc. 11
Slide 12: Transforming Automotive User Experiences Through AI-Driven Solutions
Transforming Automotive User Experiences Through AI-Driven Solutions CLOUD PLATFORM AI AGENTS Productivity Navigation News Music Real-Time 3rd-Party Sports Car Knowledge Knowledge Agents My headlight seems broken. Is there a code on that CaLLM Cloud / Orchestration What’s going on? sign? Scan it for
Slide 13: Agnostic AI-Driven Solutions Extensible Across Various User Experiences
Agnostic AI-Driven Solutions Extensible Across Various User Experiences CLOUD PLATFORM Go to the sports channel I like AI AGENTS Device Real-Time Customer 3rd-Party Productivity Knowledge Knowledge Service Agents CaLLM Cloud / Orchestration Audio Input Guardrails Text/Audio Output Can you help me pi
Slide 14: Selected Customer Credentials
Selected Customer Credentials With Cerence AI we are delivering even We leverage Cerence AI’s ongoing By bringing Cerence AI into our more human-like conversations and a innovation in core voice interaction architecture, we can differentiate our vastly expanded knowledge base. technologies to bring
Slide 15: Selected Technology Partner Testimonials
Selected Technology Partner Testimonials Cerence AI delivers low-latency, Our collaboration with Cerence AI will This partnership with Cerence AI is a production-ready AI optimized for the bring Microsoft 365 Copilot into the car, key addition to our automotive vehicle. enabling drivers to stay conn
Slide 16: Opportunities Beyond the Car
Opportunities Beyond the Car PROTECTING AND ENFORCING INTELLECTUAL SUBSTANTIAL CONVERSATIONAL AI OPPORTUNITIES PROPERTY OUTSIDE OF AUTO INDUSTRY • Cross-license agreement with Samsung resulted in one- • Self-service kiosks (i.e. restaurants) time license payment to Cerence of $49.5 million • Televis
Slide 17: Cerence AI Q2 FY26 Earnings Presentation
Cerence AI Q2 FY26 Earnings Presentation Brian Krzanich, CEO Tony Rodriquez, CFO May 7, 2026 © 2026 Cerence Inc. 17
Slide 18: Q2FY26 Results
Q2FY26 Results Q2FY25 Q2FY26 Q2FY26 Guidance Total Revenue $78.0M $64.2M $58M - $62M Gross Margin 77.1% 73.7% 71% - 72% Net (Loss) income $21.7M $1.7M $(1)M - $4M EPS – diluted $0.46 $0.04 $(0.01) - $0.08 Adjusted EBITDA(a,b) $29.5 $7.2 $2M - $6M Cash Provided by Operating Activities $15.5M $14.1M C
Slide 19: Detailed Revenue Breakdown
Detailed Revenue Breakdown Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 In millions Total License: $51.4 $34.2 $32.3 $87.8 $37.6 Variable(a) $29.9 $34.2 $31.6 $30.5 $31.8 Total Fixed(b) $21.5 $— $0.7 $7.8 $5.8 IP License(c) $— $— $— $49.5 $— Connected Services: $12.6 $12.8 $14.2 $14.5 $15.3 Professional Servi
Slide 20: Operational Metrics and Variable License Revenue
Operational Metrics and Variable License Revenue In millions FY25 FY26 Operational Metrics: Q2 Q3 Q4 Q1 Q2 Pro Forma $39.7 $43.2 $40.1 $39.3 $40.3 Royalties(a) Consumption of $9.7 $9.1 $8.5 $8.8 $8.5 Fixed Contracts(b) Variable License Revenue $29.9 $34.2 $31.6 $30.5 $31.8 IHS Production (units) 21.
Slide 21: Q2 FY26 KPI Performance
• Adjusted Total Billings TTM(a) of $238.8 million, an increase of 6.6% compared to the same period last year. • Percent of worldwide auto production with Cerence Q2 FY26 KPI(d) • Technology – 50% (TTM) Approximately 11.3 million units shipped with Performance Cerence technology in Q2 ◦ a decrease o
Slide 22: Fiscal Q3 and FY26 Guidance
Fiscal Q3 and FY26 Guidance(d) Q3FY26 FY26 Guidance Guidance In millions except per share Low High Low High amounts Revenue $68 $72 $305 $320 Gross Margin 75% 76% 79% 80% Net Income (Loss) ($1) $3 ($3) $7 EPS – diluted $(0.02) $0.07 $(0.07) $0.15 Adjusted EBITDA (a,b) $8 $12 $60 $70 Cash Provided by
Slide 23: Appendix
Q cerenceai Appendix
Slide 24: License Business Revenue Recognition
License Business Revenue Recognition Type of Contract Description GAAP Revenue Recognition Cash Receipt Quarter car is produced. Based on Quarter following GAAP revenue Variable License applied at production volume recognition Full value of contract at signing. Standard payment terms for full Fixed
Slide 25: Connected and Professional Services Revenue Recognition
Connected and Professional Services Revenue Recognition Connected Services Typical Period GAAP Revenue Recognition Cash Receipt Billed/collected full amount at start of Subscription Term 1 – 5 years Amortized evenly over subscription period subscription period (value added to deferred revenue) Recog
Slide 26: KPI Measures – Definitions
KPI Measures – Definitions We believe that providing key performance indicators (“KPIs”) allows investors to gain insight into the way management views the performance of the business as well as a potentially new KPI, Average PPU. We further believe that providing KPIs allows investors to better und
Slide 27: Non-GAAP Financial Measures – Definitions
Non-GAAP Financial Measures – Definitions Discussion of Non-GAAP Financial Measures We believe that providing the non-GAAP information, in addition to the GAAP presentation, allows investors to view the financial results in the way management views the operating results. We further believe that prov
Slide 28: Non-GAAP Financial Measures – Definitions
Non-GAAP Financial Measures – Definitions Adjusted EBITDA. Adjusted EBITDA is defined as net income attributable to Cerence Inc. before net income (loss) attributable to income tax (benefit) expense, other income (expense) items, net, depreciation and amortization expense, and excluding amortization
Slide 29: Non-GAAP Financial Measures – Definitions
Non-GAAP Financial Measures – Definitions Stock-based compensation. Because of varying valuation methodologies, subjective assumptions and the variety of award types, we exclude stock-based compensation from our operating results. We evaluate performance both with and without these measures because
Slide 30: Q2 FY26 Reconciliations of GAAP to Non-GAAP Results
Q2 FY26 Reconciliations of GAAP to Non-GAAP Results (unaudited - in thousands) Three Months Ended March 31, Six Months Ended March 31, (unaudited - in thousands) 2026 2025 2026 2025 GAAP revenue $ 64,192 $ 78,010 $ 179,269 $ 128,906 GAAP gross profit $ 47,296 $ 60,181 $ 146,647 $ 93,253 GAAP gross m
Slide 31: Q3 FY26 and Full Year FY26 Reconciliations of GAAP to Non-GAAP Guidance
Q3 FY26 and Full Year FY26 Reconciliations of GAAP to Non-GAAP Guidance (unaudited - in thousands, except per share data) Q3 2026 FY2026 Low High Low High GAAP revenue $ 68,000 $ 72,000 $ 305,000 $ 320,000 GAAP gross profit $ 50,772 $ 54,855 $ 240,949 $ 256,205 GAAP gross margin 75 % 76 % 79 % 80 %
Slide 32: Thank You.
Thank You. Contact: cerence@pondel.com © 2026 Cerence Inc. 32