Cognizant Q2 FY26 GAAP EPS rises 3.8% to $1.36; revenue increases 4.5% to $5.48 billion

• Cognizant Q2 revenue rose 4.5% year-over-year to USD 5.48 billion; GAAP diluted EPS increased 3.8% to USD 1.36.
• GAAP operating margin widened 0.3 percentage points to 15.9%; trailing 12-month bookings climbed 5% to USD 29.1 billion.
• Q2 bookings fell 6% year-over-year; the quarter included seven large deals with total contract value of at least USD 100 million.
• Repurchased USD 1.15 billion of shares in Q2; ended the quarter with USD 2.3 billion remaining under its authorization.
• Raised 2026 revenue growth guidance to 4.0% to 5.5%; lifted 2026 adjusted diluted EPS outlook to USD 5.70 to USD 5.82.

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