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FIS Shares Fall After Cutting Full-Year Profit and Revenue Forecast
Shares of Fidelity National Information Services (FIS) fell more than 10% in premarket trading on Tuesday after the banking and payments technology firm lowered its full-year revenue and profit forecasts, citing economic uncertainty.
Revised Full-Year Outlook
FIS announced on Tuesday that it has adjusted its financial expectations for 2026. The company attributed the revision to cautious technology spending among some institutions and retailers amid a challenging economic environment.
The updated guidance includes:
- Adjusted Earnings: A new forecast of $6.15 to $6.24 per share, down from the previous range of $6.22 to $6.32 per share.
- Revenue: A revised projection of $13.63 billion to $13.70 billion, compared to the prior forecast of $13.77 billion to $13.85 billion.
AdQuarterly Performance
Despite the lowered outlook, the company reported year-over-year growth in its most recent quarter. On an adjusted basis, FIS posted a net income of $763 million, or $1.48 per share. This marks an increase from the $716 million, or $1.36 per share, reported in the same period a year earlier.
Chief Executive Stephanie Ferris noted that demand for the company’s products and services continues to be supported by banks investing in technology modernization and artificial intelligence, according to the announcement.
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