Cognizant Reports Third Quarter 2026 Results
Key Highlights
- ➤Revenue $5.664B, up 4.6% year-over-year in Q3 2026
- ➤Adjusted EPS $1.49, up 7.2% year-over-year
- ➤2026 constant-currency revenue growth guidance revised to 4.0%-4.4%
- ➤2026 adjusted EPS guidance revised to $5.72-$5.79
- ➤Trailing-twelve-month bookings $28.7B, up 4% year-over-year
- ➤Cognizant agreed to acquire DyFlex Solutions, strengthening regional SAP capabilities
Expert Statements
Ravi Kumar S, Chief Executive Officer of Cognizant
“We delivered third-quarter revenue above the midpoint of our guidance range, including another quarter of double-digit growth in Financial Services and our seventh consecutive quarter of year-over-year adjusted operating margin expansion.”
Ravi Kumar S, Chief Executive Officer of Cognizant
“The AI market is moving from capability to value realization, requiring enterprises to reimagine how work gets done, build AI into the fabric of the enterprise and create new sources of value.”
Ravi Kumar S, Chief Executive Officer of Cognizant
“We are making that transition alongside our clients, with over 50% of our code now AI-assisted, over 95,000 frontier AI badges and certifications earned by our associates and continued improvement in revenue and adjusted operating income per employee.”
Ravi Kumar S, Chief Executive Officer of Cognizant
“What we learn as we apply AI across Cognizant strengthens how we partner with clients through our AI Builder strategy, helping them make AI a new production function that creates enterprise value at scale.”
Jatin Dalal, Chief Financial Officer of Cognizant
“Our third-quarter performance reflects the strength of our operating model and disciplined approach to capital allocation.”
Jatin Dalal, Chief Financial Officer of Cognizant
“Adjusted EPS grew 7%, exceeding revenue growth both in the quarter and year-to-date.”
Jatin Dalal, Chief Financial Officer of Cognizant
“Through the first nine months of 2026, we have expanded adjusted operating margin by 30 basis points, generated $1.6 billion of free cash flow and deployed $2.3 billion on share repurchases and dividends.”
Jatin Dalal, Chief Financial Officer of Cognizant
“We achieved these results while investing in strategic partnerships and AI skilling initiatives, and integrating recently completed acquisitions.”
Jatin Dalal, Chief Financial Officer of Cognizant
“We believe this balanced approach supports sustainable growth and long-term value creation.”
12% year-over-year revenue growth in Financial Services; strong EPS growth, adjusted operating margin expansion, and free cash flow generation
* Revenue of $5.7 billion increased 4.6% year-over-year or 4.8% in constant currency(1) * Operating margin of 15.4% decreased 60 basis points year-over-year; Adjusted Operating Margin(1) of 16.3% increased 30 basis points year-over-year * GAAP EPS(2) of $1.39 increased 148% year-over-year; Adjusted EPS(1) of $1.49 increased 7.2% year-over-year * Trailing 12-month bookings of $28.7 billion increased 4% year-over-year * 2026 constant currency revenue growth guidance is revised to 4.0% to 4.4% year-over-year growth * 2026 Adjusted Operating Margin guidance is now approximately 16.1%, year-over-year expansion of 30 basis points * 2026 Adjusted Diluted EPS guidance revised to $5.72 to $5.79, year-over-year growth of 8% to 10% TEANECK, N.J., Oct. 29, 2026 /PRNewswire/ -- Cognizant (Nasdaq: CTSH), a leading AI builder and technology services provider, today announced its third quarter 2026 financial results.
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