Kyndryl Holdings is trading at $16.07, up 23.76%, after adjusted second-quarter EPS and revenue beat estimates.

  • Adjusted second-quarter EPS was $0.42 versus the $0.38 analyst estimate, while revenue of $3.65 billion edged past expectations.
  • Hyperscaler-related revenue grew 27.2%, and adjusted EBITDA reached $699 million. Management reaffirmed fiscal 2027 guidance; reported revenue declined 1.9% year over year, so the beat was not broad-based.
  • Broad markets and technology shares were also sharply higher, providing supportive background, but company earnings were the clearest catalyst.