Kyndryl Delays Q1 2026 Filing Amid Financial Reporting Concerns (KYND -38%)

Kyndryl has delayed the filing of its quarterly report, citing anticipated material weaknesses in internal control over financial reporting for fiscal 2026 Q1 and Q2. The company warned it may miss the filing deadline following a review of cash management practices, related disclosures and internal controls initiated after the SEC enforcement division requested voluntary documents. Premarket trading on the company’s stock (NASDAQ: KYND) fell 38% as the news emerged. The board has also removed David Wyshner as finance chief and Vineet Khurana as global controller, effective immediately, and appointed Harsh Chugh as interim CFO and Bhavna Doegar as interim corporate controller.