Nov 4, 7:16 AM ET
Kyndryl reported revenue of $3.7 billion for the quarter ended September 30, 2026, down 1.9% from a year earlier, and GAAP net income of $59 million, or $0.27 per diluted share, versus $68 million, or $0.29, a year earlier. Adjusted net income rose to $92 million, or $0.42 per diluted share, from $89 million, or $0.38, and the company reaffirmed its fiscal 2027 outlook. The results show lower reported sales and GAAP profit alongside higher adjusted earnings, with the adjusted measures excluding items such as workforce rebalancing charges.
- Revenue was $3.7 billion, down 1.9% year-over-year as reported and down 0.8% in constant currency.
- Net income was $59 million ($0.27 per diluted share), compared with $68 million ($0.29) a year earlier; workforce rebalancing charges were $38 million, up from $19 million.
- Adjusted net income was $92 million ($0.42 per diluted share), compared with $89 million ($0.38) a year earlier.
- The company reaffirmed fiscal 2027 guidance, including adjusted pretax income of $600 to $700 million and free cash flow of $400 to $500 million.
Read the filing on SEC.gov ↗
Aug 5, 7:23 AM ET
Kyndryl reported first-quarter fiscal 2027 revenue of $3.6 billion, down 3% year-over-year, and a net loss of $55 million, compared with net income of $56 million a year earlier. The results include $152 million of workforce rebalancing charges, and the company reaffirmed its fiscal 2027 outlook for revenue, earnings and free cash flow.
- Revenue was $3.6 billion, down 3% year-over-year; pretax loss was $69 million versus pretax income of $92 million in the prior-year quarter.
- Diluted loss per share was $0.25, compared with diluted earnings of $0.23 per share a year earlier; adjusted loss per share was $0.12, versus adjusted earnings of $0.37.
- Free cash flow was a use of $401 million, compared with a use of $222 million a year earlier; adjusted EBITDA was $512 million, down from $647 million.
- Fiscal 2027 outlook reaffirmed: adjusted pretax income of $600 to $700 million and free cash flow of $400 to $500 million.
Read the filing on SEC.gov ↗
Jul 31, 4:15 PM ET
At its July 30, 2026 annual meeting, Kyndryl stockholders approved an amended and restated 2021 Long-Term Performance Plan that adds 7,600,000 shares issuable under the plan. Stockholders also elected six directors, approved executive compensation on an advisory basis, and ratified PricewaterhouseCoopers LLP as auditor for the fiscal year ending March 31, 2027.
- Amended plan increases shares issuable by 7,600,000 shares of common stock
- Executive compensation approved on an advisory basis with 75% of votes present in favor
- Plan approval received 94% of votes present; 139,325,459 votes for
- PricewaterhouseCoopers LLP ratified as auditor with 97% of votes present in favor
Read the filing on SEC.gov ↗
Jul 6, 6:52 AM ET
Kyndryl appointed Ellen Johnson, former CFO of Interpublic Group, as Chief Financial Officer, and Andrew Bonzani, former general counsel of Interpublic Group, as General Counsel and Secretary. Johnson succeeds Interim CFO Harsh Chugh, who will stay on to assist with the transition, and the filing discloses no financial results or guidance.
- Johnson joins July 20, 2026 and becomes CFO on August 6, 2026, when Chugh's interim role ends
- Johnson's base salary is $1,000,000, with a 125% target incentive and a fiscal 2027 LTI target grant value of $4,500,000
- Bonzani's appointment is effective immediately, with a base salary of $900,000 and a fiscal 2027 LTI target grant value of $2,500,000
- Mark Ringes, the interim General Counsel, returns to his role as Deputy General Counsel
Read the filing on SEC.gov ↗
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