$KD

Kyndryl (NYSE:KD) Q1 call said demand is rising for AI deployment, hybrid modernization, cybersecurity and data-residency. It reported 40 deals worth over $50M in 12 months, with 10 in Q1, and Kyndryl Consult signings up 50%. IBM relationship changes are expected to weigh on constant-currency revenue through FY2027. FCF was -$401M; cash $2.1B. Outlook FY2027 reaffirmed.

Simply Wall St reports Kyndryl Holdings (KD) missed Q1 revenue and EPS forecasts, but management reaffirmed full-year guidance despite workforce rebalancing charges. The article cites a fair value estimate of $14.10 versus a last close of $13.99 and notes signings up 44% YoY and growth in hyperscaler-related revenues, while warning about legacy lower-margin contracts and possible large-deal delays.

TmaxSoft Japan and Kyndryl Japan said they will create an OpenFrame Modernization Center of Excellence to accelerate mainframe modernization for Japanese enterprises. The unit will focus on TmaxSoft Japan’s OpenFrame rehosting solution, covering sales, delivery, and support, and aims to help customers move off mainframes to cloud/open environments. Kyndryl is the IBM spin-off; OpenFrame targets COBOL, PL/I, Assembler and JCL migration.

Kyndryl Holdings reported Q1 updates on signings, segment growth, and guidance. Management said 12-month signings were $14.2B and Kyndryl Consult grew 14% YoY. Hyperscaler-related revenue rose 48%. Fiscal 2027 adjusted pretax income guidance was reaffirmed at $600M to $700M. Q1 free cash flow was a $401M outflow and workforce rebalancing charges were $152M.

Kyndryl Holdings (NYSE:KD) shares fell about 0.9% premarket after its first-quarter fiscal 2027 results missed expectations. For the quarter ended June 30, 2026, it posted an adjusted loss of $0.12 per share versus break-even expected, and revenue of $3.6B versus $3.67B consensus. Adjusted EBITDA fell to $512M, free cash flow was -$401M, and it reaffirmed FY2027 guidance.

Kyndryl launched Agentic Modernization services-as-software, built on its Agentic AI Framework and delivered via Kyndryl Bridge. The platform uses agentic workflows for tasks like discovery, code analysis, dependency mapping, code generation, testing and validation, with human oversight. Kyndryl says Bridge has 1,400+ customers and 16M+ AI insights monthly, and can cut IT incidents up to 50%.

Kyndryl shares fell about 3.6% after it reported weaker-than-expected fiscal 2027 Q1 results. Revenue was $3.62B, down 3% y/y, with an adjusted loss per share of $0.12 versus breakeven. Workforce-rebalancing charges were $152M, adjusted EBITDA fell to $512M (-21%), and free cash flow was -$459M. The company reaffirmed full-year guidance.

Kyndryl said it expanded its distributed cloud services in partnership with Microsoft, using Microsoft’s adaptive cloud approach. The offering includes advisory, implementation and managed services across hybrid, multicloud, edge and IoT, leveraging Azure Arc, Azure Local and Azure Cloud and Azure Fabric. Kyndryl and Microsoft cited support for AI and industry use cases such as retail, manufacturing, energy and healthcare.

Kyndryl (NYSE:KD) reported Q2 CY2026 revenue of $3.62 billion, down 3.3% year on year, missing Wall Street’s estimate. Non-GAAP adjusted EPS was a loss of $0.12 per share, 29.4% worse than consensus. The company said results reflected momentum in signings and demand for AI-led modernization.

Kyndryl Holdings, Inc. (KD) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 kd-20260805xex99d1.htm EX-99.1 ​ ​ ​ Exhibit 99.1 ​ ​ KYNDRYL REPORTS FIRST QUARTER FISCAL 2027 RESULTS ​ ● Revenues for the quarter ended June 30, 2026 total $3.6 billion, pretax loss is $69 million, and net loss is $55 million ​ ● Adjusted EBITDA is $512 million, adju