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CTSH · Q2 2026
Archived report (Q2 2026). Latest deep dive →
The quarter in brief
Cognizant's revenue rose 4.5% to $5.48B and operating income 7.0% to $874M, while net income slipped 1.4% to $636M and GAAP EPS rose 3.8% to $1.36.
Net income
$636M
down 1.4% y/y
Revenues
$5,481M
up 4.5% y/y
Income from operations
$874M
up 7.0% y/y
All figures in $M.
| Line item | Amount and change |
|---|---|
| Revenues | $5,481 · +4.5% |
| Cost of revenues (exclusive of depreciation and amortization expense shown separately below) | $3,652 · +5.0% |
| Selling, general and administrative expenses | $728 · −10.1% |
| Restructuring charges | $84 · vs $0 |
| Depreciation and amortization expense | $143 · +2.9% |
| Income from operations | $874 · +7.0% · 15.9% margin |
| Interest income | $18 · −21.7% |
| Interest expense | $13 · +44.4% |
| Foreign currency exchange gains (losses), net | $7 · +0.0% |
| Other, net | $11 · vs $4 |
| Income before provision for income taxes | $875 · +3.9% |
| Provision for income taxes | $231 · +17.3% · 26.4% effective rate |
| Income (loss) from equity method investments | $8 · vs $0 |
| Net income | $636 · −1.4% · $1.36/sh · 11.6% margin |
Verdict: Cognizant's revenue rose 4.5% to $5.48B and operating income 7.0% to $874M, while net income slipped 1.4% to $636M and GAAP EPS rose 3.8% to $1.36.
2026 constant currency revenue growth guidance is revised to 4.0% to 5.5% and adjusted operating margin guidance is unchanged at 16.0% to 16.2%.
Source and notation
Source: CTSH press release, 8-K EX-99.1 of 07/29/2026 (SEC EDGAR).
Open as an image: CTSH, Q2 2026 (PNG) ↗ · for sharing and presentations · free to reuse, CC BY 4.0
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Chart: “CTSH Q2 2026: where the revenue went” by Who Reports Today, https://whoreportstoday.com/t/ctsh/q2-2026. Licensed under CC BY 4.0.
<figure> <a href="https://whoreportstoday.com/t/ctsh/q2-2026"><img src="https://whoreportstoday.com/t/ctsh/q2-2026/sankey.png" alt="CTSH Q2 2026: where the revenue went" loading="lazy" style="max-width:100%;height:auto"></a> <figcaption>Source: <a href="https://whoreportstoday.com/t/ctsh/q2-2026">Who Reports Today</a>, licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a></figcaption> </figure>
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<a href="https://whoreportstoday.com/t/ctsh/q2-2026">CTSH Q2 2026 earnings chart (Who Reports Today)</a>
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- Operating margin of 15.9% increased 30 basis points, and trailing 12-month bookings of $29.1 billion increased 5%.
- Operating income was $874M (+7.0% y/y), an operating margin of 15.9% vs 15.6% a year ago.
- Income tax of $231M implies an effective rate of 26.4% vs 23.4% a year ago.
- Diluted EPS was $1.36 vs $1.31 a year ago (+3.8%), while net income changed −1.4%.
What distorts the picture in this report and what to watch beyond the headlines.
CTSH — a professional services firm that provides IT consulting, application development, systems integration, engineering and business process services to large companies, using teams at client sites and global delivery centers.
It reports four industry segments: Health Sciences, Financial Services, Products and Resources, and Communications, Media and Technology. · Source: annual report (Form 10-K, SEC)
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