[CTSH] Cognizant: Q3 2026 Earnings and Organic Growth Beyond Financial Services

Cognizant (CTSH) is a large IT services company whose delivery capacity sits mainly in offshore centers in India and whose business is organized by client industry into four segments: Health Sciences, Financial Services, Products and Resources, and Communications, Media and Technology [1]. According to the earnings calendar, it reports on 2026-10-29 for the Third quarter 2026 (quarter ending September 30, 2026) [2]. In the latest disclosed quarter, the second quarter of 2026, revenue was $5.481 billion, up 4.5% year over year or 4.1% in constant currency; adjusted operating margin was 16.0%, up 40 basis points; adjusted EPS was $1.37; trailing 12-month bookings reached $29.1 billion, up 5%, while bookings in the quarter itself fell 6% [3]. For the third quarter the company guided revenue of $5.60 billion to $5.68 billion, or 3.8% to 5.3% constant-currency growth, of which about 2 percentage points come from acquisitions; at the same time it cut full-year constant-currency growth guidance to 4.0% to 5.5% and raised full-year adjusted EPS guidance to $5.70 to $5.82 [3]. Analyst consensus compiled by Drillr puts third-quarter revenue at about $5.644 billion (14 analysts), EPS at about $1.465 (15 analysts, range $1.435 to $1.505) and full-year EPS at about $5.759 [4].

Three things matter most in this Cognizant Q3 2026 earnings report. First, can Financial Services keep growing at a double-digit constant-currency rate in the third quarter? The segment grew 11.7% in the second quarter and supplied $186 million of the company's $236 million year-over-year revenue increase, while the other three segments grew only 0.7% to 1.4% [5]. Second, how much is the services business itself still growing once acquisitions and third-party product resale are removed? In the second quarter about 1.0 percentage point came from acquisitions and 1.7 points from resale, leaving services growth of only about 1.4 points [5], and third-quarter guidance implies organic growth of roughly 1.8% to 3.3% [3]. Third, can margin and cash flow support the raised EPS guidance? First-half adjusted operating margin was about 15.8%, so reaching the full-year target of 16.0% to 16.2% requires roughly 16.2% to 16.6% in the second half [3]; meanwhile days sales outstanding rose from 81 at the end of 2025 to 88 at the end of June, and part of the first-half buybacks and acquisitions was funded with $1.0 billion of revolving credit [5].

Company Background and Business Structure

Cognizant is a global IT services company headquartered in the United States with most of its delivery in India. Its headquarters are in Teaneck, New Jersey; it operates in major metro areas across nearly 50 countries and has more than 22 million square feet of delivery-center space, about 90% of it in India, with the largest sites in Chennai (7 million square feet), Hyderabad, Pune, Kolkata and Bangalore [1]. The chief executive is Ravi Kumar S and the chief financial officer is Jatin Dalal; total headcount was 356,700 at the end of June 2026, down 900 from March and up 12,900 from a year earlier [3]. The company completed two acquisitions in 2026: it bought Microsoft Azure services provider 3Cloud on January 1 [6], and on June 22 it completed the purchase of Astreya, an AI-first IT managed services provider, for $634 million [3].

Cognizant reports four segments by client industry, and Financial Services has now overtaken Health Sciences as the largest. In 2025 Health Sciences revenue was $6.347 billion, Financial Services $6.173 billion, Products and Resources $5.285 billion and Communications, Media and Technology $3.303 billion, for a total of $21.108 billion [1]. By the second quarter of 2026, Financial Services revenue was $1.733 billion, or 31.6% of the total; Health Sciences was $1.572 billion, or 28.7%; Products and Resources $1.322 billion, or 24.1%; and Communications, Media and Technology $854 million, or 15.6% [5]. Health Sciences includes the TriZetto healthcare platform, which management says has more than $1.1 billion of annual revenue and grows faster with substantially higher margins than the company overall; Products and Resources includes the assets of the earlier Belcan acquisition [7], and Belcan contributed 260 basis points to the company's revenue growth in 2025 [1].

Revenue is heavily concentrated in North America, and the services fall into two types: multi-year large deals and short-cycle projects. North America generated $4.127 billion, or 75.3%, of second-quarter revenue, Europe 18.7% and the rest of the world 6.0% [5]. The company treats contracts with total contract value of $100 million or more as large deals and signed seven in each of the first two quarters of 2026 [8] [3]; short-cycle discretionary work such as consulting and development remains under pressure from client spending [7]. In addition, under its integrated offerings strategy the company resells third-party products, mainly in North America, which amplifies growth in some quarters and segments [6]; cost of revenues consists mainly of delivery staff salaries, incentive and stock-based compensation, benefits, project-related immigration and travel, subcontracting and the cost of third-party products and services [1].

Financial History and Current Position

Cognizant's revenue, profit and cash flow all improved clearly in 2025. Revenue was $21.108 billion, up $1.372 billion or 7.0% from 2024, or 6.4% in constant currency, with the Belcan acquisition contributing 260 basis points [1]. GAAP operating income was $3.389 billion and operating margin 16.1%, while adjusted operating margin was 15.8%, up from 14.7% and 15.3% in 2024; GAAP EPS was $4.56, including $0.80 of one-time income tax expense tied to the OBBBA, and adjusted EPS was $5.28, about 11% above 2024's $4.75; operating cash flow was $2.883 billion, capital expenditure $288 million and free cash flow $2.665 billion, up from $1.827 billion in 2024 [1].

Revenue growth slowed clearly in the first two quarters of 2026, while margins broadly held. First-quarter revenue was $5.413 billion, up 5.8% as reported or 3.9% in constant currency, with adjusted operating margin of 15.6% and adjusted EPS of $1.40 [8]; second-quarter revenue was $5.481 billion, up 4.1% in constant currency, with GAAP operating margin of 15.9% and adjusted margin of 16.0%, GAAP EPS of $1.36 and adjusted EPS of $1.37, operating cash flow of $558 million and free cash flow of $459 million [3]. Across 2025, constant-currency growth fell each quarter from 8.2% in the first quarter to 3.8% in the fourth, and the first two quarters of 2026 merely stabilized around 4%; the third-quarter comparison base is revenue of $5.415 billion, adjusted operating margin of 16.0% and adjusted EPS of $1.39 [3].

Funding tightened markedly in the first half, and borrowing began to fill the capital-allocation gap. Operating cash flow in the first half of 2026 was $832 million, yet the company paid $1.607 billion for buybacks, $316 million in dividends and $1.334 billion for acquisitions, borrowed $1.0 billion under its revolving credit facility, and ended June with $1.038 billion of cash and equivalents, against $1.796 billion a year earlier [5]. Management said first-half free cash flow totaled $652 million [7]. On October 5 the company signed a new credit agreement with a bank group led by JPMorgan Chase Bank as administrative agent, consisting of a $550 million term loan and a $1.85 billion revolving facility; the term loan proceeds mainly repaid the existing term loan, about $1.0 billion was drawn under the new revolver on the closing date, and the new facilities mature in October 2031 [9].

Operating Model

Cognizant's revenue can be split into organic services, third-party product resale and acquired revenue, and quarterly growth depends on the contribution of each. Of second-quarter constant-currency growth of 4.1%, third-party product resale contributed 170 basis points and acquisitions about 100 basis points [5], while resale contributed about 140 basis points in the first quarter [6]. Organic services depend on two kinds of demand: multi-year large deals ramp gradually after signing and in the first half of 2026 showed up mainly in Financial Services, while short-cycle discretionary projects are held back by weak spending among retail, consumer goods, travel and hospitality, and communications and media clients [5]. Bookings are the leading indicator for revenue; trailing 12-month bookings were $29.1 billion in the second quarter, a book-to-bill of about 1.3x [3].

On the profit side, the core is the gap between labor cost and delivery efficiency, and the second-quarter improvement came from overhead. Second-quarter cost of revenues was $3.652 billion, or 66.6% of revenue, up from 66.3% a year earlier; selling, general and administrative expense was $728 million, or 13.3%, down from 15.4%, mainly because of an $81 million partial reversal of the 2019 India Defined Contribution Obligation liability; restructuring charges were $84 million and depreciation and amortization $143 million, leaving GAAP operating income of $874 million and adjusted operating income of $877 million [5]. Adding the $84 million of restructuring back to GAAP operating income and deducting the $81 million reversal roughly gives adjusted operating income, which shows the adjusted measure does not benefit from the reversal. The company attributes segment margin gains to operational efficiencies and favorable currency, offset by higher compensation and dilution from recent acquisitions [5]; in 2025 the 50-basis-point expansion in adjusted operating margin likewise came from NextGen program savings, operational efficiencies and currency [1].

On the cash side, collection timing and seasonality decide the pattern, and the third quarter is usually the strongest cash quarter of the year. In the third quarter of 2025, operating cash flow was $1.227 billion and free cash flow $1.160 billion, far above $398 million and $331 million in the second quarter of that year [8]. The company's days sales outstanding (DSO) measure includes contract assets; it was 81 days at the end of 2025 [1], 84 days at the end of March 2026 [6] and 88 days at the end of June [5]. Management maintains a full-year target of free cash flow at 90% to 100% of net income [7], but first-half free cash flow of $652 million equaled only about 50% of $1.298 billion of net income [5].

Industry and Competitive Position

Cognizant competes in a crowded field of large offshore IT services providers, and management presents AI delivery capability as its main advantage. The 10-K names direct competitors including Accenture, Atos, Capgemini, CGI, Deloitte Digital, DXC Technology, EPAM, Genpact, HCL, IBM Consulting, Infosys, TCS and Wipro [1]. In 2026 the company made the Fortune 500, ranking 216th overall and third in the IT services industry [3]. Management says AI-assisted development now accounts for more than 40% of software delivery, active AI engagements exceed 8,000, and revenue and adjusted operating income per fully deployed associate rose 4.6% and 7.1% [7].

The industry's biggest structural pressure is AI replacing traditional services, and the available material is not enough to judge the company's share against peers. The 10-K states that some services the company historically performed for clients have been and will continue to be replaced by AI or other automation, including its own AI-enabled offerings, which could reduce demand and weaken its ability to obtain favorable pricing [1]; the second-quarter 10-Q repeats the same risk [5]. The available material contains no peer growth or margin data for the same period, and the company does not disclose utilization, unit pricing or contract-mix changes, so this section can describe the competitive landscape but cannot support a judgment about share.

Core Debates

With last year's large-deal ramps now in the comparison base, can Cognizant's Financial Services segment keep growing at a double-digit rate in the third quarter?

Financial Services determines Cognizant's current organic growth because the other three segments contribute almost nothing. Second-quarter Financial Services revenue was $1.733 billion, 31.6% of the total, up 11.7% in constant currency; the segment supplied $186 million of the company's $236 million year-over-year increase, while Health Sciences, Products and Resources, and Communications, Media and Technology grew only 1.0%, 0.7% and 1.4% in constant currency [5], and Financial Services had grown 10.2% in the first quarter [6]. The company attributes the growth to the ramp-up of recently won large deals and demand for intuitive operations, automation, and AI and analytics services [5], and management says banking, capital markets and insurance all grew, making this the segment's second consecutive quarter above 10% [7].

Part of this growth comes from third-party product resale, so the services picture is clearer once resale is stripped out. Resale contributed about 250 basis points to Financial Services growth in both the first and second quarters [6] [5], leaving services growth of roughly 7.7 and 9.2 points. On large deals, the company as a whole signed seven contracts with total contract value of $100 million or more in each of the first two quarters [8] [3], three of them with new clients in the second quarter [7]. The transmission runs from signing to a gradual ramp in delivery staff, which lifts Financial Services revenue and then company growth through the segment's increment; late in a ramp, unit delivery cost falls, which also supports segment margin.

What remains unresolved is how much of this growth reflects durable demand and how much reflects a few large deals reaching peak delivery at the same time. An alternative explanation holds that the growth comes mainly from a small number of deals signed in 2025, and that once those ramps finish and the revenue is fully in the comparison base, growth will fall back to single digits. In the third quarter, watch three things: whether Financial Services constant-currency growth stays at or above 10%, whether the resale contribution disclosed in the 10-Q stays within about 250 basis points, and whether large deals hold around seven per quarter with new clients still among them. If segment growth drops below 9%, or growth leans increasingly on resale, the view that Financial Services is carrying the company's organic growth would weaken.

Once acquisitions and third-party product resale are stripped out, how much is Cognizant's underlying services business still growing in the third quarter?

Once acquisitions and resale are removed, Cognizant's services business is growing slowly. On July 29 the company cut full-year constant-currency growth guidance to 4.0% to 5.5% because the improvement in discretionary spending assumed at the prior midpoint did not arrive [7], whereas in April it had kept the range at 4.0% to 6.5% [10]. Of second-quarter constant-currency growth of 4.1%, acquisitions contributed about 1.0 percentage point and third-party resale 1.7 points, leaving services growth of about 1.4 points [5]; about 2 points of the third-quarter guidance range of 3.8% to 5.3% come from acquisitions, implying organic growth of roughly 1.8% to 3.3% [3].

The bookings data send conflicting signals. Second-quarter bookings fell 6% year over year, yet trailing 12-month bookings were $29.1 billion, up 5%, with book-to-bill of about 1.3x, and management said organic growth was at the high end of its expectations [3]; first-quarter bookings had grown 21%, with trailing 12-month bookings of $29.6 billion [8]. Management also said new and expansion bookings grew 15% in the first half, that the guidance midpoint assumes the current pressured discretionary environment stays stable, and that the top of the range requires better short-cycle revenue in the fourth quarter [7]. Products and Resources grew only 0.7% in the second quarter as discretionary spending by retail, consumer goods, travel and hospitality clients stayed soft [5], after growing 1.1% in the first quarter [6].

What remains unresolved is whether bookings growth turns into equivalent revenue growth. An alternative explanation is that large deals and AI-related bookings are mainly long-term cost-reduction and vendor-consolidation contracts whose unit pricing falls as AI raises productivity, so bookings growth need not bring revenue growth of the same size. In the third quarter, watch where actual constant-currency growth lands within the 3.8% to 5.3% guidance range, how much acquisitions and resale contribute together and whether services growth after removing them exceeds the second quarter's roughly 1.4 points, and whether quarterly bookings return to year-over-year growth and how management describes fourth-quarter short-cycle revenue. If organic growth falls below 2% and the full-year range is cut again, or revenue growth leans increasingly on acquisitions and resale, this debate tilts in the unfavorable direction.

Can Project Leap's job cuts and AI-led efficiency lift Cognizant's second-half margin to the level its full-year guidance requires?

With revenue growth slowing, Cognizant's margin expansion depends more and more on costs. The company introduced Project Leap in the second quarter of 2026 to cut costs by resizing the workforce, using AI-led efficiencies and optimizing its technology footprint, targeting in-year savings of about $200 million to $300 million in 2026, and on that basis raised its full-year adjusted operating margin expansion target from 10-30 basis points to 20-40 basis points [8]; management said the full benefit arrives in 2027 [10]. Full-year adjusted operating margin guidance is 16.0% to 16.2%; calculated from the two quarters, the first half was about 15.8%, so the second half needs roughly 16.2% to 16.6% to meet the target [3].

The second-quarter improvement came mainly from overhead rather than delivery. Adjusted operating margin was 16.0%, up 40 basis points, but cost of revenues rose from 66.3% to 66.6% of revenue while SG&A fell from 15.4% to 13.3%, including an $81 million one-time reversal of the India Defined Contribution Obligation; adding that back puts the SG&A ratio at about 14.8% [5]. Leap charges in the second quarter were $84 million, including $56 million of employee separation costs, and headcount fell 900 from March [3]; the full-year Leap cost range is $230 million to $320 million [8], and management said neither the cost estimate nor the expected savings has changed, while raising full-year adjusted EPS guidance to $5.70 to $5.82 mainly because faster buybacks cut the weighted average diluted share count to about 460 million [7].

What remains unresolved is how much of the Leap savings actually reaches profit. An alternative explanation holds that the margin gain came mainly from the rupee and cost control, that delivery did not become more efficient under wage increases, acquisition dilution and low-margin resale, and that savings must be reinvested in AI and integrated offerings. In the third quarter, watch whether adjusted operating margin exceeds the 16.0% of the same quarter of 2025, whether the cost-of-revenues ratio stops rising year over year, and how headcount and voluntary attrition move, with trailing 12-month voluntary attrition at 13.0% in the second quarter, up from 12.3% in March [3]. Management also said the third-quarter tax rate will be above the high end of the full-year 25% to 26% range [7], which would weigh on adjusted EPS relative to operating profit in the quarter; if third-quarter margin does not expand and the full-year target depends on the fourth quarter alone, or if the cuts cost key staff and disrupt large-deal delivery, the current view would weaken.

With receivables days up to 88 and first-half buybacks and acquisitions partly funded by borrowing, can Cognizant's third-quarter cash flow catch up?

In the first half, Cognizant's shareholder returns and acquisition spending far exceeded free cash flow, and borrowing filled the gap. First-half free cash flow was $652 million [7], yet the company spent $1.607 billion on buybacks, $316 million on dividends and $1.334 billion on acquisitions, borrowed $1.0 billion under its revolver, and ended June with only $1.038 billion of cash [5]. In the second quarter it repurchased 22.5 million shares for $1.153 billion, including a $500 million accelerated share repurchase, leaving $2.3 billion of authorization at the end of June [3]; in April the company said it planned to return about $1.6 billion to shareholders in 2026 [10].

Slower collections are one direct reason cash flow lags. DSO rose from 81 days at the end of 2025 to 84 in March [6] and 88 in June, five days above the 83 of a year earlier; the company did not explain the specific cause, saying only that the first-half increase in operating cash flow came mainly from lower cash tax payments, partly offset by higher incentive compensation payments [5]. On annual revenue of about $22 billion, each additional day of DSO ties up roughly $60 million of working capital. Free cash flow of $1.160 billion in the third quarter of 2025 was the strongest quarter of that year [8]; on October 5 the company signed a new term loan and revolving facility and drew about $1.0 billion on the closing date [9].

What remains unresolved is whether the rise in DSO is temporary or structural. An alternative explanation holds that it reflects longer payment terms on large deals and fixed-price projects, or different collection timing on third-party resale, so the third quarter would bring only a partial reversal. In the third quarter, watch whether DSO at September 30 returns to 85 days or less, whether free cash flow approaches the $1.160 billion of the same quarter of 2025, and whether the full-year 90% to 100% conversion target holds and how buyback size and borrowings change. If DSO keeps rising and conversion falls short of the target, buybacks would require more borrowing, and the added interest expense would offset the buybacks' contribution to EPS.

Risks and Falsifiers

AI substitution and pricing pressure directly threaten Cognizant's revenue, which rests on its delivery workforce. The 10-K states that some services the company historically performed for clients have been and will continue to be replaced by AI or automation, which could reduce demand or weaken its ability to obtain favorable pricing [1]. The exposed financial line is revenue itself: 2025 revenue was $21.108 billion, and second-quarter services growth after removing acquisitions and resale was only about 1.4 points [5]. If revenue stays within the guidance range with flat headcount, revenue per associate keeps rising and bookings return to growth, this concern would weaken.

Visa, offshoring and tax policy could directly raise delivery costs or the tax rate. Cognizant's principal US operating subsidiary uses a high number of workers on H-1B and L-1 visas, so changes in laws or executive orders could bring higher costs and processing delays; the protocol amending the India-Mauritius tax treaty, signed in March 2024, could also raise the company's effective tax rate because its Indian subsidiary is held by a wholly owned Mauritius entity [1]. The exposure lies in roughly 90% of delivery-center space being in India and North America supplying 75.3% of revenue [5], and management has already said the third-quarter tax rate will be above the high end of the full-year 25% to 26% range [7]. If visa and tax policy stays unchanged, the tax rate returns to the guidance range after the third quarter, and the cost-of-revenues ratio does not rise because of visa costs, this risk has not materialized.

A slowdown in Financial Services once its large-deal ramps finish is the most direct risk to company-wide organic growth. The segment had second-quarter revenue of $1.733 billion, 31.6% of the total, and supplied $186 million of the company's $236 million year-over-year increase, while the other three segments still grew at low single digits [5]. If third-quarter Financial Services constant-currency growth is at least 10% and the resale contribution does not exceed about 250 basis points, this risk is falsified for now.

Persistently weak discretionary spending would push organic growth below the roughly 1.8% to 3.3% implied by guidance. Products and Resources and Communications, Media and Technology together generated $2.176 billion in the second quarter, about 40% of revenue, and grew only 0.7% and 1.4% in constant currency, as retail, consumer goods, travel, and communications and media clients kept deferring spending [5]. If third-quarter constant-currency growth is at least the 4.5% guidance midpoint and Products and Resources returns to growth above 2%, discretionary spending has not deteriorated further.

Project Leap savings could be offset by wage increases, acquisition dilution and reinvestment, and poor execution could disrupt delivery. Leap's 2026 cost range is $230 million to $320 million against in-year savings of about $200 million to $300 million [8]; on full-year revenue of about $22 billion, each 10 basis points of adjusted operating margin equals roughly $22 million of operating profit. If third-quarter adjusted operating margin is at least about 16.3% and the cost-of-revenues ratio stops rising year over year, the savings are reaching profit.

Slower collections combined with large buybacks and acquisitions would leave the company more reliant on its revolver and push up interest expense. At the end of June cash was $1.038 billion and revolver borrowings were $1.0 billion [5]; the facilities signed in October include a $550 million term loan and a $1.85 billion revolver, with about $1.0 billion drawn on the closing date [9], and each additional day of DSO ties up roughly $60 million of working capital. If third-quarter DSO falls to 85 days or less and free cash flow is at least about $1.1 billion, this risk would ease materially.

What to Watch Next

• Financial Services ramp: constant-currency growth was 11.7% in the second quarter (10.2% in the first). At least 10% in the third quarter confirms the segment is still carrying growth; a drop below 9% falsifies it.
• Resale and large deals: resale added about 250 basis points to Financial Services and seven large deals were signed, three with new clients. Resale within about 250 basis points and roughly seven large deals confirm the pattern.
• Organic services growth: constant-currency growth was 4.1%, or about 1.4 points after acquisitions and resale. Organic growth below 2% together with another full-year guidance cut falsifies the current understanding.
• Bookings: quarterly bookings fell 6% while trailing 12-month bookings were $29.1 billion. A return to quarterly bookings growth, and management's comments on fourth-quarter short-cycle revenue, are the signals.
• Project Leap and margin: adjusted operating margin was 16.0% and the cost-of-revenues ratio 66.6%. A third-quarter margin of at least about 16.3% with a stable cost ratio confirms savings are reaching profit.
• Cash and buyback funding: DSO was 88 days, and free cash flow in the third quarter of 2025 was $1.160 billion. DSO of 85 days or less and free cash flow of at least about $1.1 billion confirm a catch-up.

Conclusion

Cognizant's business is driven by multi-year large-deal ramps, short-cycle discretionary projects and third-party resale, and right now almost all of the company's organic growth rests on Financial Services. Revenue was $21.108 billion and free cash flow $2.665 billion in 2025 [1]; constant-currency growth slowed to 4.1% in the second quarter of 2026, services growth after acquisitions and resale was about 1.4 points, DSO rose to 88 days, and part of the first-half buybacks and acquisitions was funded with borrowing [5]. The raised EPS guidance rests more on Leap savings and faster buybacks [7], so the central unresolved relationship is whether bookings and AI positioning convert into quarterly services revenue and support margin and EPS without further borrowing.

Only one verifiable independent outside assessment appeared after the latest results. In an August 8 piece drawing on reporting by The Hindu BusinessLine, HFS Research founder Phil Fersht credited Cognizant with combining engineering and infrastructure modernization with AI governance and industry expertise into a coherent strategy and said it "has clearly closed much of the gap over the past two years," but argued that sustaining above-market growth depends on showing that AI investments produce measurable client outcomes, not just strong bookings [11]. That view bears directly on the Financial Services and organic growth debates: it acknowledges an improving competitive position while setting the test as the conversion of bookings into revenue and client results. Because other public commentary consisted mostly of automatically generated earnings summaries, differences among outside observers cannot be compared here, and this single piece should not be read as the market's overall view.

What would strengthen the current understanding is a set of observations arriving together: Financial Services constant-currency growth staying above 10% without a larger resale contribution, services growth after acquisitions and resale exceeding the second quarter's roughly 1.4 points, adjusted operating margin above the prior year's 16.0% with no further rise in the cost-of-revenues ratio, and DSO falling back to 85 days or less with third-quarter free cash flow near last year's $1.160 billion. Conversely, if Financial Services growth falls below 9%, organic growth drops under 2%, margin gains come only from one-time overhead items and buybacks keep relying on borrowing, the raised EPS guidance would look more dependent on a shrinking share count than on operating improvement.

Sources

[1] CTSH FY2025 10-K filed 2026-02-12 · 2026-02-12 · 10-K · https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001058290&type=10-K&dateb=&owner=include&count=40

[2] CTSH earnings calendar updated 2026-10-26 · 2026-10-26 · Drillr earnings calendar

[3] CTSH Q2 2026 8-K filed 2026-07-29 · 2026-07-29 · 8-K · https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001058290&type=8-K&dateb=&owner=include&count=40

[4] Drillr analyst estimates CTSH Q3 2026 retrieved 2026-10-26 · 2026-10-26 · Drillr analyst estimates · https://gateway.drillr.ai/mcp/private

[5] CTSH Q2 2026 10-Q filed 2026-07-29 · 2026-07-29 · 10-Q · https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001058290&type=10-Q&dateb=&owner=include&count=40

[6] CTSH Q1 2026 10-Q filed 2026-04-29 · 2026-04-29 · 10-Q · https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001058290&type=10-Q&dateb=&owner=include&count=40

[7] CTSH Q2 2026 earnings call 2026-07-29 · 2026-07-29 · earnings-call · https://gateway.drillr.ai/mcp/private

[8] CTSH Q1 2026 8-K filed 2026-04-29 · 2026-04-29 · 8-K · https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001058290&type=8-K&dateb=&owner=include&count=40

[9] CTSH 8-K filed 2026-10-06 · 2026-10-06 · 8-K · https://www.sec.gov/Archives/edgar/data/0001058290/000105829026000033/ctsh-20261005.htm

[10] CTSH Q1 2026 earnings call 2026-04-29 · 2026-04-29 · earnings-call · https://gateway.drillr.ai/mcp/private

[11] HFS Research 2026-08-08 Cognizant trims 2026 growth estimate · 2026-08-08 · HFS Research(转载 The Hindu BusinessLine 报道) · https://www.hfsresearch.com/?p=210933