Short answer
Cognizant (CTSH) filed its Q2 2026 10-Q quarterly report on Jul 29, 2026 for the quarter ended Jun 30, 2026.
Cognizant Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Q2 revenue $5,481M, up $236M or 4.5% YoY
- GAAP operating margin 15.9% vs 15.6%; adjusted margin 16.0% vs 15.6%
- Financial Services strongest segment, revenue up $186M or 12.0%; Rest of World weakest geography, down $4M or 1.2%
- Stock repurchases $1,153M; Astreya acquisition $634M; $1,000M revolving-credit borrowing
- Project Leap charges expected at $230M–$320M; communications and media weakness and macroeconomic uncertainty remain headwinds
Risk Factors
- No material risk-factor changes from the March 31, 2026 Form 10-Q or December 31, 2025 Form 10-K
- Repurchase-program liquidity risk: $1,153 million repurchased during the quarter, leaving $2,338 million authorized
- Capital-allocation risk: May 2026 amendment increased authorization to $15.5 billion
- Market-execution risk: repurchases depend on management discretion, market conditions, and other factors
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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