Cognizant Q3 Net Income Rises to $627 Million, Shares Fall 8.23% Premarket on Soft Guidance

Cognizant Technology Solutions Corp. (CTSH) reported third-quarter 2026 net income of $627 million, up from $274 million a year earlier, but shares fell 8.23% to $60.90 in premarket Nasdaq trading Thursday. Earnings per share were $1.39 versus $0.56 last year. Adjusted net income slipped to $670 million from $675 million, while adjusted EPS rose to $1.49 from $1.39. Revenue grew to $5.66 billion from $5.41 billion, and income from operations rose to $872 million from $866 million. For the fourth quarter, the IT services company expects revenue of $5.49 billion to $5.57 billion, growth of 3.0% to 4.5%, or 3.2% to 4.7% in constant currency. Full-year 2026 revenue is projected at $22.05 billion to $22.14 billion, up 4.5% to 4.9%. Full-year adjusted EPS is expected at $5.72 to $5.79, growth of 8% to 10%.