COGNIZANT TECHNOLOGY SOLUTIONS CORP — Form 8-K
Filed October 29, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 42/100
What the filing says
Cognizant reported Q3 2026 revenue of $5.664 billion (4.6% YoY growth; 4.8% constant currency), with adjusted diluted EPS of $1.49 (+7.2% YoY). Adjusted operating margin expanded 30 bps to 16.3%. Full-year 2026 guidance revised: revenue $22.05–$22.14B (4.5–4.9% growth), adjusted EPS $5.72–$5.79 (8–10% growth), adjusted operating margin ~16.1%. Project Leap restructuring costs revised upward to $180–$250M total ($140–$160M in 2026). Trailing 12-month bookings grew 4% YoY to $28.7B (book-to-bill 1.3x); Q3 bookings declined 7% YoY. Headcount increased to 359,900; voluntary attrition 12.6%. Capital deployed: $258M share repurchase (4.9M shares), $149M dividends; $2.1B repurchase authorization remains.
Why this rating
Modest growth deceleration and modest margin expansion offset by restructuring headwinds; inorganic contribution material but organic growth muted; capital returns moderate relative to $38B market cap.
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