COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH) Form 10-Q — Jul 29, 2026
Cognizant reported second quarter 2026 revenues of $5.48 billion, up 4.5% year-over-year, and diluted earnings per share of $1.36, up 3.8%. The company’s operating margin expanded to 15.9% from 15.6% in the prior year, driven by operational efficiencies and foreign currency benefits despite acquisition dilution. The company initiated Project Leap, a restructuring program designed to drive AI-led efficiencies, incurring $84 million in charges during the quarter. Cognizant expects total Project Leap costs between $230 million and $320 million, primarily in 2026, which are anticipated to generate $200 million to $300 million in annual savings.
Key figures
- Eps
- 1.36
- Revenue
- 5481
- Net Income
- 636
- Total Debt
- 1527
- Cash Position
- 1051
- Ytd EPS
- 2.75
- Ytd Revenue
- 10894
- Ytd Net Income
- 1298
- Restructuring Charges
- 84
- Share Repurchase Amount
- 1153
- India Obligation Benefit
- 81
- Astreya Acquisition Price
- 665
- Operating Margin Percentage
- 15.9%
- Project Leap Expected Savings
- 200-300
Price after filing
Close on the filing date to close N calendar days later (from $47.05). Historical, not a forecast.
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