--- title: "Cognizant Tech Solutions | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 5.481 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/294192115.md" datetime: "2026-07-29T10:38:22.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294192115.md) - [en](https://longbridge.com/en/news/294192115.md) - [zh-HK](https://longbridge.com/zh-HK/news/294192115.md) --- # Cognizant Tech Solutions | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 5.481 B Revenue: As of FY2026 Q2, the actual value is USD 5.481 B, beating the estimate of USD 5.481 B. EPS: As of FY2026 Q2, the actual value is USD 1.36, beating the estimate of USD 1.3093. EBIT: As of FY2026 Q2, the actual value is USD 879 M. ### Second Quarter 2026 Financial Highlights #### Revenue Cognizant Technology Solutions Corporation reported total revenue of $5,481 million for Q2 2026, marking an increase of 4.5% year-over-year, or 4.1% in constant currency. Total revenue was also noted as $5.5 billion for Q2 2026, representing a 4.5% year-over-year increase on a reported basis and a 4.1% increase on a constant currency basis. ##### Segment Revenue (Q2 2026) - **Financial Services:** Revenue was $1,733 million, showing 12.0% year-over-year growth (11.7% in constant currency). - **Health Sciences:** Revenue reached $1,572 million, with 1.4% year-over-year growth (1.0% in constant currency). Another source indicated Health Sciences revenue as $1.3 billion, showing 1.4% reported year-over-year growth and 1.0% constant currency growth. - **Products and Resources:** Revenue was $1,322 million, with 1.2% year-over-year growth (0.7% in constant currency). Separately, Products & Resources revenue was reported as $1.6 billion, reflecting 5.5% reported year-over-year growth and 5.5% constant currency growth. - **Communications, Media and Technology:** Revenue was $854 million, with 1.5% year-over-year growth (1.4% in constant currency). ##### Geographic Revenue (Q2 2026) - **North America:** Revenue was $4,127 million, with 5.5% year-over-year growth (5.5% in constant currency). - **Europe (Total):** Revenue was $1,027 million, with 2.5% year-over-year growth (0.8% in constant currency), including the United Kingdom at $492 million and Continental Europe at $535 million. - **Rest of World:** Revenue was $327 million, with -1.2% year-over-year growth (-1.5% in constant currency). #### Operating Metrics GAAP Operating Margin was 15.9%, increasing 30 basis points year-over-year. Adjusted Operating Margin was 16.0%, up 40 basis points year-over-year. Income from operations for the quarter was $874 million. Net income was $636 million. Operating expenses included cost of revenues of $3,652 million, selling, general and administrative expenses of $728 million, restructuring charges of $84 million, and depreciation and amortization expense of $143 million. #### Cash Flow Net cash provided by operating activities for the second quarter was $558 million. Free cash flow for the quarter was $459 million. #### Bookings Trailing 12-month bookings increased 5% year-over-year to $29.1 billion, representing a book-to-bill ratio of approximately 1.3x. Second quarter bookings declined 6% year-over-year and included seven large deals, each with a total contract value of $100 million or greater. #### Capital Allocation During the second quarter, Cognizant Technology Solutions Corporation repurchased 22.5 million shares for $1,153 million. As of June 30, 2026, $2.3 billion remained under the share repurchase authorization. A quarterly cash dividend of $0.33 per share was declared in July 2026, totaling $157 million for dividends. The company completed the acquisition of Astreya for $634 million, net of cash acquired, and borrowed $1.0 billion under its revolving credit facility. #### Employee Metrics Total headcount as of June 30, 2026, was 356,700, reflecting a decrease of 900 from March 31, 2026, but an increase of 12,900 from June 30, 2025. The trailing 12-month voluntary attrition for Tech Services was 13.0% for the period ended June 30, 2026. ### Outlook / Guidance Cognizant Technology Solutions Corporation revised its 2026 constant currency revenue growth guidance to 4.0% to 5.5% year-over-year, with total revenue expected to be $22.04 billion to $22.35 billion. The 2026 Adjusted Operating Margin guidance remains unchanged at 16.0% to 16.2%, representing a 20 to 40 basis points expansion year-over-year. The Adjusted Diluted EPS guidance for 2026 is increased to $5.70 to $5.82, projecting an 8% to 10% year-over-year growth. ### Related Stocks - [CTSH.US](https://longbridge.com/en/quote/CTSH.US.md) ## Related News & Research - [Is Wall Street Bullish or Bearish on Cognizant Stock?](https://longbridge.com/en/news/294503115.md) - [Cognizant Reports Second Quarter 2026 Results | CTSH Stock News](https://longbridge.com/en/news/294191505.md) - [Morgan Stanley Just Upped Its Price Target on Cognizant Stock. Here's Why.](https://longbridge.com/en/news/294406637.md) - [Cognizant announces BRL 1.14 per unit distribution for Q3 2026](https://longbridge.com/en/news/294398291.md) - [Anthropic Is Only Part of the Story. Cognizant Has a Much Bigger AI Plan.](https://longbridge.com/en/news/294537653.md)