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AI brief of an SEC Form 8-K · Kyndryl (KD)

Kyndryl FY2026 net income falls to $198 million; plans $200 million workforce charge

Mixed Impact 4 of 5 earnings Written later

Kyndryl reported fourth-quarter and fiscal 2026 results on May 6, 2026, showing lower revenue and GAAP net income, though adjusted pretax income rose 21% for the year. On May 5, 2026, the company approved workforce rebalancing actions that it estimates will cost about $200 million, with expected annualized savings of $400 to $500 million in fiscal 2028. Shareholders also received fiscal 2027 guidance for adjusted pretax income of $600 to $700 million and free cash flow of $400 to $500 million.

Key points

  • Q4 fiscal 2026 revenue was $3.8 billion, down 1% reported and 5% in constant currency; net income was $17 million, or $0.08 per diluted share, versus $68 million, or $0.28, a year earlier.
  • Fiscal 2026 revenue was $15.1 billion, flat reported and down 3% in constant currency; net income was $198 million, or $0.85 per diluted share, versus $1.05 a year earlier.
  • Adjusted EPS for fiscal 2026 was $1.46, versus $1.19 in fiscal 2025; the company expects workforce charges of about $200 million, mostly in Q1 fiscal 2027.
  • Fiscal 2027 outlook: adjusted pretax income of $600 to $700 million (including workforce charges), free cash flow of $400 to $500 million, and constant-currency revenue flat to down 2%.

The filing

CompanyKyndryl (KD)
Form8-K, current report
Filed with the SECMay 6, 2026, 7:09 AM ET
Accession number0001104659-26-055902

Items reported: 2.02 Results of Operations2.05 Exit / Restructuring Costs

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 06, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.