Kyndryl Q2 revenue falls 7% to $3.8 billion; net loss narrows to $43 million
Kyndryl reported fiscal second-quarter revenue of $3.8 billion, down 7% year over year, with a net loss of $43 million, or $(0.19) per diluted share, compared with a $142 million loss a year earlier. The company reaffirmed its fiscal 2025 outlook, including adjusted pretax income of at least $460 million, while revenue is expected to decline in the full year.
Key points
- Revenue of $3.8 billion fell 7% year over year, reflecting reduced inherited no-margin and low-margin third-party content in contracts.
- Net loss was $43 million, or $(0.19) per diluted share, versus $142 million, or $(0.62) per diluted share, a year earlier; adjusted pretax income rose 80% to $45 million.
- Total signings were a record $5.6 billion, up 132% year over year; cash flow from operations was $149 million.
- Fiscal 2025 outlook reaffirmed: adjusted pretax income of at least $460 million and constant-currency revenue growth of (2%) to (4%).
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:39 AM ET, from the text of the filing and its press-release exhibits 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 November 06, 2024.
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.