Cognizant Reports Q3 2026 Growth Driven by Financial Services and AI Integration
Cognizant (CTSH) reported strong third-quarter results for 2026, with revenue reaching $5.7 billion, a 4.8% increase in constant currency. The growth was primarily fueled by robust performance in the North American market and the Financial Services segment, which saw double-digit growth for the third consecutive quarter. Adjusted diluted EPS rose 7.2% year-over-year to $1.49, supported by margin expansion from 'Project Leap' cost savings. The company is heavily pivoting toward artificial intelligence, reporting that over 50% of its software development is now AI-assisted and noting significant investments in associate AI certifications. While the Health Sciences and Products/Resources segments faced slight declines due to macroeconomic pressures and regulatory changes, strong bookings and large deal activity—including three deals exceeding $100 million each—bolstered the company's outlook. Management narrowed full-year guidance for both revenue and EPS, signaling confidence in their operational efficiency.
Topics: Bookings EPS Financial Guidance Operating Margin Revenue Growth
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