Cognizant reported first quarter 2026 revenue of $5.41 billion, in-line with analyst expectations, and an adjusted EPS of $1.40, beating estimates of $1.33. The company maintained its full-year 2026 constant currency revenue growth guidance of 4.0% to 6.5% but raised its adjusted operating margin guidance.
Key Highlights
- Bookings demonstrated significant momentum, growing 21% year-over-year in the quarter, which contributed to a trailing twelve-month book-to-bill ratio of 1.4x.
- The Financial Services segment was the primary growth driver, with revenue increasing 12.4% year-over-year to $1.64 billion.
- Cognizant raised its full-year 2026 adjusted operating margin guidance to a range of 16.0% to 16.2%, citing expected savings from a new restructuring program named 'Project Leap'.