Cognizant Reports Third Quarter 2026 Financial Results with Strong EPS and Margin Expansion
Cognizant (CTSH) reported third-quarter 2026 revenue of $5.7 billion, representing a 4.6% year-over-year increase. The company saw significant performance in its Financial Services segment, which grew by 12%, and achieved its seventh consecutive quarter of adjusted operating margin expansion, rising 30 basis points to 16.3%. GAAP diluted EPS surged 148% year-over-year to $1.39. Despite a slight decline in quarterly bookings, trailing 12-month bookings reached $28.7 billion. The company is heavily pivoting toward an 'AI Builder' strategy, noting that over 50% of its code is now AI-assisted. Management has revised full-year 2026 guidance upward for adjusted diluted EPS to a range of $5.72 to $5.79, reflecting confidence in continued profitability and disciplined capital allocation.
Tickers: $CTSH
Topics: AI Strategy EPS Financial Services Guidance Operating Margin Revenue Growth