โ
๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข Adj. EPS: $1.49 (Est. $1.46) โ , +7.2% YoY.
โข Revenue: $5.664B (Est. $5.65B) โ , +4.6% YoY.
โข GAAP EPS: $1.39 (vs. $0.56 YoY).
โข GAAP Operating Margin: 15.4%, -60 bps YoY.
โข Adj. Operating Margin: 16.3%, +30 bps YoY.
โข TTM Bookings: $28.7B, +4% YoY.
โข Quarterly Bookings: -7% YoY.
โข Book-to-Bill: ~1.3x (TTM).
โ
๐ฏ ๐๐ฎ๐ข๐๐๐ง๐๐
โข Q4 2026 Revenue: $5.49Bโ$5.57B, midpoint $5.53B (Est. $5.65B) โ.
โข FY2026 Revenue: $22.05Bโ$22.14B, midpoint $22.10B (Est. $22.20B) โ.
โข FY2026 Adj. EPS: $5.72โ$5.79, midpoint $5.76 (Est. $5.76) ๐ฐ.
โข FY2026 Adj. Operating Margin: ~16.1%, +30 bps YoY.
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๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Q3 Adj. EPS beat consensus by ~2.1%, while revenue exceeded estimates by ~0.2%.
โข Financial Services revenue grew 12% YoY.
โข Quarterly bookings declined 7%, despite TTM bookings increasing 4% to $28.7B.
โข More than 50% of Cognizant's code is now AI-assisted, with over 95,000 AI badges and certifications earned by employees.
โข Project Leap targets ~$200M in 2026 savings, with total expected costs of $180Mโ$250M.
โข YTD free cash flow declined to $1.58B from $1.88B.
โข Returned $2.3B to shareholders through buybacks and dividends during the first nine months.
โข Signed agreement to acquire DyFlex Solutions, expanding SAP and AI capabilities in Australia and New Zealand.
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๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โThe AI market is moving from capability to value realization, requiring enterprises to reimagine how work gets done, build AI into the fabric of the enterprise and create new sources of value.โ