CTSH

CognizantNASDAQ · IT Consulting & Other Services · Information Technology

Previous close

65.11

Change

+2.59 / +4.14%

FinDog View

Neutral

52-Week Range ?

37.08 – 87.03

P/E (TTM) ?

13.3

Forward P/E ?

9.5

Based on consensus earnings for the next 12 months

Market Cap

$29.6B

+13.35%

S&P 500 −0.91% over same period

Volume / Avg Volume

7.6M / 7.2M

1.05× average

Latest earnings analysisFY2026 Q2Reported 2026-07-29

Cognizant Q2 2026: revenue up 4.5%, EPS misses, full-year EPS guidance up

Cognizant grew revenue 4.5% to $5.48 billion and lifted adjusted operating margin to 16.0%, but GAAP EPS of $1.36 came in below the $1.4039 consensus and second-quarter bookings fell 6%. Our view is Neutral: the profit engine is improving and management increased full-year adjusted EPS guidance to $5.70–$5.82, yet growth is narrowing into Financial Services and is partly helped by reselling third-party products.

Read the full analysis →

Revenue$5.48BYoY +4.50%

EPS (non-GAAP)$1.37Missest. $1.40

Next-quarter revenue guidance$5.64B ±0.7%YoY +2.90%

Next-day move−3.71%

Price History

Closing price · USD1M 6M 1Y 5Y

Historical P/E

Close ÷ trailing four-quarter EPS · Period median 13.41M 6M 1Y 5Y

Recent Earnings

Click to read the FinDog analysis

Period	Reported	Revenue	EPS Actual / Est.	Next-Day Move	Analysis
FY2026 Q2 Quarter ended 2026-06	2026-07-29	$5.5B	1.37 / 1.40	−3.71%	Read analysis →
FY2026 Q1 Quarter ended 2026-03	2026-04-29	$5.4B	1.40 / 1.36	−3.29%	Pending
FY2025 Q4 Quarter ended 2025-12	2026-02-04	$21.1B	1.35 / 1.35	+0.17%	Pending
FY2025 Q3 Quarter ended 2025-09	2025-10-29	$5.4B	1.39 / 1.33	+0.70%	Pending
FY2025 Q2 Quarter ended 2025-06	2025-07-30	$5.2B	1.31 / —	−2.41%	Pending
FY2025 Q1 Quarter ended 2025-03	2025-04-30	$5.1B	1.23 / —	+2.26%	Pending

Next Earnings

Date and consensus from the earnings calendar; the analysis is generated automatically after the releaseEarnings Calendar →

Report date

2027-02-02

in 92 days · After hours

Consensus EPS

$1.56

Last quarter EPS $1.37

Avg. next-day move over the last 6 reports

±2.1%

Decision Panel

Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market data

Valuation

P/E is at percentile 13 of its 5-year rangeCheap

5-year range 11.3 – 19.1 · Median 16.3

Last 4 quarters: $2.2B in buybacks + $616M in dividends, 9.55% of market cap combined

P/E (TTM)

13.3

P/B

2.0

P/S

1.4

Dividend Yield

1.63%

Earnings Reaction

Over the last 6 reports, the stock moved ±2.1% on average on the first trading day after, rising 3 times

Most recent −3.71%

Guidance Credibility

Of the last 3 next-quarter revenue guides, 2 were met; actual results averaged 0.7% above guidance

Volatility & Correlation

1-year beta -0.58 · Correlation with S&P 500 -0.14Low beta

Annualized volatility 50% vs. 12% for the S&P 500

Insider Trading

View all →

Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions

Buy 0 · $0.00MSell 6 · $1.00MNet selling $1.00M

09-30Kerdman AlinaSVP, Controller & CAOSell$0.01M139 shares · Avg price 56.88
09-14Kerdman AlinaSVP, Controller & CAOSell$0.01M134 shares · Avg price 62.40
09-02Kim John SunshinCLO, CAO & Corporate SecretarySell$0.16M2,500 shares · Avg price 63.37
08-31Kerdman AlinaSVP, Controller & CAOSell$0.01M144 shares · Avg price 63.34
08-03Dalal Jatin PChief Financial OfficerSell$0.67M12,000 shares · Avg price 55.76
08-03Kim John SunshinCLO, CAO & Corporate SecretarySell$0.14M2,500 shares · Avg price 57.05

Multi-Quarter Financial Trends

View all quarters →

Last 12 quarters · As reported by the company

Quarter	Revenue ($B)	YoY	Gross Margin	Operating Income ($B)	Net Income ($B)	Free Cash Flow ($B)	EPS
FY2026 Q3	5.66	+4.6%	—	0.87	0.63	0.93	1.39
FY2026 Q2	5.48	+4.5%	—	0.87	0.64	0.46	1.36
FY2026 Q1	5.41	+5.8%	—	0.84	0.66	0.20	1.39
FY2025 Q4	5.33	+4.9%	—	0.85	0.65	0.78	1.35
FY2025 Q3	5.42	+7.4%	—	0.87	0.27	1.16	0.56
FY2025 Q2	5.25	+8.1%	—	0.82	0.65	0.33	1.31
FY2025 Q1	5.12	+7.5%	—	0.85	0.66	0.32	1.34
FY2024 Q4	5.08	+6.8%	—	0.75	0.55	0.84	1.10
FY2024 Q3	5.04	+3.0%	—	0.74	0.58	0.79	1.17
FY2024 Q2	4.85	−0.7%	—	0.71	0.57	0.18	1.14
FY2024 Q1	4.76	−1.1%	—	0.70	0.55	0.02	1.10
FY2023 Q4	4.76	−1.7%	—	0.72	0.56	0.66	1.12

Peers

Largest by market cap in the sector · Latest quarterView Information Technology sector →

Ticker	Company	Market Cap	P/E	Revenue YoY	Gross Margin	1M	View
CTSH	Cognizant	$29.6B	13.3	+4.6%	—	+13.35%	Neutral
NVDA	Nvidia	$4.90T	25.8	+105.9%	75.0%	−10.39%	Bullish	Compare
AAPL	Apple Inc.	$5.05T	39.3	+16.4%	50.1%	+3.49%	Bullish	Compare
MSFT	Microsoft	$3.87T	27.2	+18.8%	67.8%	+1.76%	Bullish	Compare
AVGO	Broadcom	$1.55T	40.4	+85.5%	69.1%	−7.15%	Bullish	Compare
MU	Micron Technology	$989B	11.8	+379.3%	86.8%	−16.93%	Bullish	Compare
AMD	Advanced Micro Devices	$817B	143.0	+50.1%	53.8%	−17.48%	Bullish	Compare
INTC	Intel	$339B	—	+20.9%	43.0%	−45.30%	Bullish	Compare
PLTR	Palantir Technologies	$444B	156.5	+92.8%	84.7%	−1.57%	Bullish	Compare

Earnings Preview · Reports 10-29 After hours

Cognizant Q3 preview: can bookings turn positive?

Whether bookings stop falling after last quarter's 6% year-over-year decline
Whether revenue lands within the $5.6–5.68 billion guidance range
Whether restructuring savings and a smaller share count keep supporting EPS

No consensus estimate available; last quarter's Q3 revenue guidance was $5.6–5.68 billion.

Over the past 6 reports, the stock moved ±2.1% on average, rising in half of them; the latest fell 3.7%.

Watch out for：If bookings keep declining, the current buyback pace and margin assumptions would need to be recalculated.

The View in One Line

Q1 revenue up 5.8% but EPS 1.37 missed; bookings fell 6% and growth includes resale. Guidance raise relies on restructuring savings. Neutral.

Updated 2026-10-30

ETFs holding it

JEPI JPMorgan Equity Premium Income ETF0.57%
RSP Invesco S&P 500 Equal Weight ETF0.24%
QUAL iShares MSCI USA Quality Factor ETF0.19%
XLK Technology Select Sector SPDR Fund0.18%
VYM Vanguard High Dividend Yield ETF0.12%
VTV Vanguard Value ETF0.11%
VOO Vanguard S&P 500 ETF0.05%
IVV iShares Core S&P 500 ETF0.05%

Weights estimated at latest prices

Key Events

10-06Capital Actions
Cognizant Enters $5.5 Billion New Credit Agreement
On Oct 5, 2026, Cognizant entered a $5.5B term loan and $1.85B revolving credit facility to repay existing credit, maturing Oct 3, 2031.Source ↗
06-03Governance
Cognizant Annual Meeting: 13 Directors Re-elected, One Shareholder Proposal Fails
Cognizant held its annual meeting on June 2; all 13 directors were re-elected, executive compensation and auditor appointment passed, and a shareholder written consent proposal did not pass.Source ↗
05-21Capital Actions
Cognizant Notifies Drawdown of $1 Billion Under Revolving Credit Facility
On May 15, 2026, Cognizant notified lenders it will borrow $1 billion under its revolving credit facility, with funds available on May 20.Source ↗

Key Financial Trends

Quarterly Revenue ($B)5.7

Free Cash Flow ($B)0.9