Every material Form 8-K Cognizant filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Cognizant reported third-quarter 2026 revenue of $5.7 billion, up 4.6% year over year, and GAAP diluted EPS of $1.39 versus $0.56 a year earlier, which included a one-time tax charge. The company revised its 2026 constant currency revenue growth guidance to 4.0% to 4.4% and its adjusted diluted EPS guidance to $5.72 to $5.79, while Project Leap costs are now estimated at $180 million to $250 million, and third-quarter bookings fell 7%.
Q3 2026 revenue of $5,664 million, up 4.6% year over year (4.8% in constant currency); GAAP operating margin 15.4%, down 60 basis points
Adjusted diluted EPS of $1.49, up 7.2%; adjusted operating margin 16.3%, up 30 basis points
2026 adjusted diluted EPS guidance revised to $5.72 to $5.79, growth of 8% to 10%; full-year reported revenue expected at $22.05 billion to $22.14 billion
Project Leap total costs now estimated at $180 million to $250 million; Q3 bookings declined 7%, trailing-twelve-month bookings rose 4% to $28.7 billion
On October 5, 2026, Cognizant and its subsidiary Cognizant Worldwide Limited signed a new unsecured credit agreement with JPMorgan Chase Bank, N.A. as administrative agent, replacing the company's existing credit facilities. The company borrowed approximately $1.0 billion under the new revolver, and the facilities mature on October 3, 2031, so shareholders should note the higher debt load and the leverage covenant that applies.
Term loan facility of $550 million and revolving credit facility of $1.85 billion, both maturing October 3, 2031
Term loan proceeds repaid the existing term loan, and about $1.0 billion borrowed under the revolver repaid the existing revolver
Financial covenant caps the Leverage Ratio at 3.50:1.00, or 4.00:1.00 for up to four quarters after certain material acquisitions
Borrowers may request an increase of up to $1.2 billion plus voluntary prepayments, subject to conditions
Cognizant reported second-quarter 2026 revenue of $5.5 billion, up 4.5% year over year, with GAAP diluted EPS of $1.36 and adjusted diluted EPS of $1.37, up 4.6%. The company raised its full-year 2026 adjusted diluted EPS guidance to $5.70 to $5.82, while Q2 bookings fell 6% year over year and the company repurchased $1.153 billion of shares in the quarter.
Q2 revenue of $5.5 billion rose 4.5% year over year, or 4.1% in constant currency
GAAP diluted EPS of $1.36 rose 3.8%; adjusted diluted EPS of $1.37 rose 4.6%
2026 adjusted diluted EPS guidance raised to $5.70 to $5.82, growth of 8% to 10%
Q2 bookings declined 6% year over year; trailing 12-month bookings rose 5% to $29.1 billion
Cognizant reported first-quarter 2026 revenue of $5.4 billion, up 5.8% year-over-year, and GAAP diluted EPS of $1.39, up 3.7%. It raised its 2026 Adjusted Operating Margin guidance to 16.0% to 16.2% while keeping constant currency revenue growth guidance at 4.0% to 6.5%, but also introduced Project Leap, which it expects to cost $230 million to $320 million, mostly in 2026.
Q1 revenue of $5.4 billion rose 5.8% year-over-year (3.9% in constant currency); GAAP operating margin fell to 15.6% from 16.7%.
Adjusted diluted EPS was $1.40, up 13.8% from $1.23 a year earlier; GAAP diluted EPS was $1.39 versus $1.34.
Project Leap is expected to cost $230 million to $320 million, with in-year savings of about $200 million to $300 million in 2026.
Bookings rose 21% in Q1 with seven large deals; the company repurchased 6.3 million shares for $427 million and declared a $0.33 quarterly dividend.
Cognizant disclosed that on February 23, 2026, Balu Ganesh Ayyar moved from his role as President of Intuitive Operations and Automation and Industry Solutions to become President of Asia Pacific & Japan and Industry Solutions Group. The filing is an internal officer reassignment and does not include financial results or other financial figures.
Effective date of the change: February 23, 2026
Balu Ganesh Ayyar's prior role: President - Intuitive Operations and Automation and Industry Solutions
New role: President – Asia Pacific & Japan and Industry Solutions Group
Filing signed by John Kim, Chief Legal Officer, Chief Administrative Officer and Corporate Secretary, dated February 26, 2026
Cognizant reported fourth-quarter and full-year 2025 results on February 4, 2026, with revenue and profit up year over year. The company also issued 2026 guidance, forecasting revenue of $22.14 billion to $22.66 billion and adjusted diluted EPS of $5.56 to $5.70.
Q4 2025 revenue was $5.3 billion, up 4.9% year over year; Q4 GAAP diluted EPS was $1.34, up from $1.10.
Full-year 2025 revenue was $21.1 billion, up 7.0%; adjusted diluted EPS was $5.28, up 11%; GAAP diluted EPS was $4.56, up 1%, including a one-time non-cash income tax charge of $0.80.
2026 guidance: revenue of $22.14 billion to $22.66 billion and adjusted diluted EPS of $5.56 to $5.70.
The quarterly cash dividend was raised 6.5% to $0.33 per share, and the company expects to return $1.6 billion to shareholders in 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Cognizant filing is on SEC EDGAR ↗. 8-K briefs of other companies →