Cognizant reports Q3 2026 earnings, raises EPS guidance and cuts revenue outlook
Cognizant Technology Solutions posted third‑quarter 2026 revenue of $5.7 billion, a 4.6% year‑over‑year increase, and GAAP EPS of $1.39, up 148% YoY. Adjusted EPS came in at $1.49, beating estimates, while trailing‑12‑month bookings grew 4% to $28.7 billion despite a 7% decline in the quarter itself. The company lifted its adjusted diluted EPS guidance for 2026 to $5.72‑$5.79 but narrowed full‑year revenue growth guidance to 4.0%‑4.4% in constant currency.
Why it matters
The higher EPS outlook signals stronger profitability, but the reduced revenue guidance prompted an 8%‑10% pre‑market sell‑off, indicating investors are weighing the lower growth outlook against the earnings beat. The updated guidance will shape analysts’ forecasts and may affect valuation multiples for CTSH.
Key facts
- 1Q3 2026 revenue was $5.7 billion, up 4.6% year‑over‑year (or 4.8% in constant currency). prnewswire.com
- 2GAAP diluted EPS for the quarter was $1.39, an increase of 148% year‑over‑year. prnewswire.com
- 3Adjusted EPS for the quarter was $1.49, up 7.2% year‑over‑year. prnewswire.com
- 4Trailing‑12‑month bookings rose 4% year‑over‑year to $28.7 billion. prnewswire.com
- 5Q3 bookings declined 7% year‑over‑year. prnewswire.com
- 6Adjusted diluted EPS guidance for 2026 was revised to $5.72‑$5.79, reflecting 8%‑10% growth. prnewswire.com
Summary written by AlphAI AI Desk from 20 of 20 sources. Not investment advice. Figures are as stated by the linked sources.