KYNDRYL REPORTS SECOND QUARTER FISCAL 2027 RESULTS
Key Highlights
- ➤Revenue $3.7 billion, down 1.9% year-over-year on reported basis
- ➤Adjusted EBITDA $699 million, up from $641 million year-over-year
- ➤Hyperscaler-related revenue topped $550 million, growing 27.2% year-over-year
- ➤Fiscal 2027 outlook reaffirmed: adjusted pretax income $600-$700 million
- ➤Workforce actions expected to deliver $400-$500 million annualized fiscal 2028 savings
Expert Statements
Martin Schroeter, Chairman and Chief Executive Officer of Kyndryl
“Strong signings and continued growth in Kyndryl Consult and hyperscaler-related revenue reinforce our confidence in our fiscal 2027 outlook. Our performance reflects demand for Kyndryl's AI-led modernization capabilities and deep mission-critical expertise that help customers evolve their complex technology environments, strengthen cybersecurity and achieve measurable business outcomes.”
Ellen Johnson, Chief Financial Officer of Kyndryl
“Our results reflect continued progress against our strategic and financial priorities. We remain focused on disciplined execution to strengthen our fundamentals, support margin expansion and drive free cash flow growth.”
KYNDRYL REPORTS SECOND QUARTER FISCAL 2027 RESULTS PR Newswire
* Revenues for the quarter ended September 30, 2026 total $3.7 billion, pretax income is $112 million, and net income is $59 million * Adjusted EBITDA is $699 million, adjusted pretax income is $150 million, and adjusted net income is $92 million * Company reaffirms fiscal 2027 outlook NEW YORK, Nov. 4, 2026 /PRNewswire/ -- Kyndryl (NYSE: KD), a leading provider of mission-critical enterprise technology services, today released financial results for the quarter ended September 30, 2026, the second quarter of its 2027 fiscal year.
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