Kyndryl Q2 revenue falls 1.9% to $3.7 billion; adjusted EPS rises to $0.42
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.
Key points
- 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.
The filing
Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.
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.