Cognizant Increases 2026 Share Repurchase Target by $1 Billion to $2 Billion
Cognizant’s board authorized a $2 billion increase to its share repurchase program, raising the 2026 buyback target to $2 billion from $1 billion. The company expects to complete the additional $1 billion in repurchases during the second quarter of 2026, funded partly by a $1 billion drawdown from its revolving credit facility.
Key figures
- Revolver drawdown
- 1000000000
- 2026 repurchase target
- 2000000000
- 2026 repurchase target increase
- 1000000000
- Repurchase authorization increase
- 2000000000
- Repurchase authorization remaining
- 3450000000
AI analysis
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