COGNIZANT TECHNOLOGY SOLUTIONS CORP is expected to release its Q3 2026 10-Q filing on October 27, 2026, after market close. Last quarter: In 2026-Q2, Cognizant achieved revenue growth of 4.5% year-over-year to $5,481M and diluted EPS of $1.36, driven by strong expansion in Financial Services and large deal wins, while launching the Project Leap restructuring program.
EPS Estimate
$1.50
Revenue Estimate
$5.83B
Analyst consensus from Finnhub. Actual results posted within minutes of the SEC filing on the CTSH page.
Drawn from management commentary in the Q2 2026 10-Q:
Cognizant initiated Project Leap in 2026-Q2 to accelerate its operating model transformation and fund AI capabilities. The company recorded $84M in restructuring charges during the quarter and expects total program costs between $230M and $320M in 2026, targeting $200M to $300M in in-year cost savings.
Revenues reached $5,481M, up 4.5% YoY (4.1% in constant currency). Growth was primarily anchored by Financial Services, which grew 12.0% YoY ($186M increase), and North America, which increased 5.5% YoY ($215M increase), supported by large deal ramp-ups and third-party product sales.
GAAP operating margin expanded 30 bps YoY to 15.9%. Profitability was aided by operational efficiencies, favorable currency movements, and an $81M SG&A benefit from the reversal of an unrequired 2019 India Defined Contribution Obligation liability, offset by $84M in Project Leap costs.
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