Earnings Releases·Oct 29, 2026, 6:39 AM ET

Cognizant — Third Quarter 2026 Earnings Summary

Q3 2026 revenue reached $5.664 billion (up 4.6% YoY), while Adjusted Operating Margin expanded 30 basis points to 16.3% and Adjusted Diluted EPS rose 7.2% to $1.49; trailing 12-month bookings grew 4% to $28.7 billion.
Full-year 2026 guidance was revised upward, with constant currency revenue growth now projected at 4.0% to 4.4%, Adjusted Operating Margin at ~16.1%, and Adjusted Diluted EPS at $5.72 to $5.79.
Strategic initiatives include the launch of Cognizant AI Nexus and Activate, expanded partnerships with Google Cloud and CrowdStrike, and the definitive agreement to acquire DyFlex Solutions.
Capital allocation included $258 million in share repurchases during the quarter, a $0.33 per share dividend declaration, and $2.3 billion deployed on buybacks and dividends year-to-date.
Project Leap costs are estimated at $180 million to $250 million total, with $140 million to $160 million incurred in 2026, expected to generate approximately $200 million in savings this year.