Alight Stock Jumps 26% After Third-Quarter Results Raise 2026 Outlook

Alight (NYSE: ALIT) shares rose 26% on Wednesday, Nov. 4, 2026, closing at $12.75 against a previous close of $10.12, while the S&P 500 ETF (SPY) gained 1.65%. The move followed the company's third-quarter results, which it released the evening before in a press release furnished with an 8-K accepted at 4:18 p.m. Eastern on Nov. 3. The company said it raised its full-year 2026 business outlook.

Full-year outlook raised

The company now expects 2026 revenue of $2,115 million to $2,125 million and adjusted EBITDA of $410 million to $420 million. Third-quarter revenue fell 6.2% to $500 million from $533 million, which the company attributed primarily to lower net commercial activity. Recurring revenue was 91.6% of the total. Chief Executive Rohit Verma said the company surpassed its revenue and adjusted EBITDA expectations for a third consecutive quarter and significantly improved retention metrics.

Loss narrows, but adjusted EBITDA falls

Net loss was $51 million, compared with $1,068 million a year earlier, a narrower loss. The prior-year figure included a $1,338 million non-cash goodwill impairment, which the company cited as the main reason for the year-over-year improvement in pre-tax results. Adjusted EBITDA from continuing operations fell to $86 million from $138 million, and adjusted diluted earnings per share were $0.66, down from $2.32.

Cash and debt position

As of Sept. 30, Alight held $212 million in cash and cash equivalents against total debt of $1,991 million, leaving net debt of $1,779 million. Free cash flow for the first nine months of 2026 was $108 million. The company's 10-Q for the quarter was filed on the same evening, Nov. 3.