Cognizant Reports First Quarter 2026 Results
Cognizant delivered Q1 revenue of $5.413 billion, up 5.8% year-over-year and at the upper end of guidance, driven by a 21% increase in quarterly bookings to a trailing twelve-month total of $29.6 billion. The company announced 'Project Leap,' a restructuring initiative expected to cost $230 million to $320 million but targeting $200 million to $300 million in annual savings, enabling a raise in full-year adjusted operating margin guidance to 16.0% to 16.2%.
Key figures
- Eps
- 1.4
- Guidance
- FY26 revenue $22.11B-$22.64B, Adj Op Margin 16.0%-16.2%, Adj EPS $5.63-$5.77
- Revenue Yoy
- 5.8%
- Q1 bookings ttm
- $29.6 billion
- Q1 buyback amount
- $427 million
- Project leap charges
- $230 million to $320 million
AI analysis
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