Kyndryl Q1 net income rises to $56 million; fiscal 2026 outlook reaffirmed
Kyndryl reported first-quarter fiscal 2026 results for the quarter ended June 30, 2025, with revenue of $3.74 billion, up slightly on a reported basis and down 2.6% in constant currency. Net income rose to $56 million, or $0.23 per diluted share, from $11 million, or $0.05, a year earlier, and the company reaffirmed its fiscal 2026 outlook for revenue, earnings and free cash flow.
Key points
- Revenue of $3.74 billion was up slightly year-over-year as reported and down 2.6% in constant currency
- Net income was $56 million ($0.23 per diluted share) versus $11 million ($0.05) a year earlier; adjusted EPS was $0.37 versus $0.13
- Free cash flow was a use of $222 million in the quarter, which the company attributed to typical seasonal outflows
- Fiscal 2026 outlook reaffirmed, including adjusted pretax income of at least $725 million and free cash flow of approximately $550 million
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 August 04, 2025.
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.