TERADATA CORP /DE/ (TDC) SEC Filings, Jun-Aug 2026

Teradata Corporation reported second quarter 2026 results with total revenue of $410 million, roughly flat year over year, while continuing to emphasize higher-margin recurring business. Recurring revenue rose to $363 million, 89% of total revenue, and Total ARR reached $1.509 billion, including $686 million of public cloud ARR.

Profitability and cash generation improved. GAAP operating margin increased to 11.7% and non-GAAP operating margin to 21.5%. GAAP diluted EPS was $0.48 and non-GAAP diluted EPS $0.69. Cash flow from operations was $106 million and adjusted free cash flow $127 million. For full-year 2026, Teradata raised GAAP EPS guidance to $4.43–$4.51 and non-GAAP EPS to $2.65–$2.73, and now expects cash from operations of $665–$685 million, including a $315 million after-tax SAP settlement benefit, and adjusted free cash flow of $330–$350 million, while reaffirming modest ARR and revenue growth ranges and guiding third-quarter 2026 revenue and recurring revenue to decline mid-single digits year over year.

Teradata Corporation appointed Bernd Leukert to its Board of Directors as a Class II director, effective August 1, 2026, with a term expiring at the 2027 Annual Meeting of Stockholders. In connection with a Cooperation Agreement with Lynrock Lake-affiliated stockholders, the Board will expand from nine to ten directors and the number of Class II directors will increase from three to four.

Leukert will serve on the Board’s Nominating and Governance Committee and will receive compensation under the Teradata Director Compensation Program for non-employee directors. The Board determined he is independent under Teradata’s Corporate Governance Guidelines and New York Stock Exchange and SEC standards. Teradata highlights Leukert’s more than 30 years of experience in software, cloud, AI, data and financial services, including senior roles at Deutsche Bank and SAP and service on multiple global technology boards.

Vanguard Capital Management reports a passive ownership stake in Teradata Corp common stock. Vanguard beneficially owns 4,818,462 shares, representing 5.12% of Teradata’s outstanding common stock as of the reporting date.

Vanguard has sole voting power over 724,319 shares and sole dispositive power over all 4,818,462 shares, with no shared voting or dispositive power. The position aggregates securities over which Vanguard Capital Management LLC and certain of its affiliates or business divisions exercise dispositive and/or voting power, primarily for Vanguard funds and other managed accounts.

BlackRock, Inc. filed an amended Schedule 13G reporting beneficial ownership of common stock of Teradata Corporation. BlackRock reported beneficial ownership of 15,077,980 shares, representing 16.0% of Teradata’s common stock.

BlackRock reported sole voting power over 14,920,372 shares and sole dispositive power over 15,077,980 shares, with no shared voting or dispositive power. The filing notes that one holder, iShares Core S&P Small-Cap ETF, has an interest exceeding five percent of Teradata’s outstanding common stock.

Lynrock Lake and related reporting persons filed Amendment No. 3 to their Schedule 13D on Teradata Corporation. They report beneficial ownership of 6,212,370 shares of Teradata common stock, representing 6.6% of the company’s outstanding shares, based on 94.1 million shares outstanding as of April 24, 2026.

The aggregate purchase price for these shares is approximately $138,013,131, funded from Lynrock Lake Master Fund LP’s working capital, which may include margin loans from brokerage firms. Voting and investment power over the Teradata position is held by Lynrock Lake Partners LLC as investment manager, with Chief Investment Officer Cynthia Paul potentially deemed to share such powers. Recent open-market transactions are listed in a new exhibit.

Teradata Corp ownership report: Vanguard Portfolio Management filed an amended Schedule 13G/A reporting beneficial ownership of 9,989,653 shares of Teradata common stock, representing 10.61% of the class as disclosed. The filing shows sole voting power over 124,770 shares and sole dispositive power over 9,989,653 shares; the cover date is 06/30/2026 and the amendment was signed 07/07/2026.

Teradata Corporation entered into a new five-year unsecured revolving credit facility of up to $400 million with Bank of America and a syndicate of lenders. The facility includes a $50 million standby letter of credit sublimit and a $50 million swingline loan sublimit, and Teradata can request up to an additional $200 million in commitments.

Borrowings bear interest at a floating rate based on a base rate or a secured overnight financing rate, plus a margin that varies with Teradata’s leverage ratio. All amounts are due on June 24, 2031, with options to extend twice for one year each. The new agreement replaces a prior facility that included a $400 million revolver and a $500 million term loan; the outstanding term loan was repaid in full and the prior agreement was terminated.

Lynrock Lake reports beneficial ownership of 7,189,401 shares of Teradata common stock, representing 7.6% of the outstanding shares. The shares, held directly by Lynrock Lake Master Fund LP, were acquired for an aggregate purchase price of approximately $169,604,662, including commissions.

The ownership percentage is based on 94.1 million Teradata shares outstanding as of April 24, 2026. Lynrock Lake Partners LLC serves as investment manager to the fund, and Cynthia Paul, as Chief Investment Officer and sole member of the general partner, may be deemed to have voting and investment power over these shares.

Teradata Corp. Chief Administrative Officer Scot Frazier Rogers reported routine share dispositions tied to tax obligations, not open-market sales. On June 15, 2026, a total of 23,513 shares of common stock were withheld by the company at $33.62 per share to satisfy taxes upon vesting of restricted share units.