CTSH · Earnings call · 2026Q3T · Full report

Revenue Guidance and Outlook

COGNIZANT TECHNOLOGY SOLUTIONS CORP · 2026-10-29 · Importance 78 · Surprise 84 · In source text

Cognizant expects fourth-quarter revenue growth of 3.2% to 4.7% year over year in constant currency, including approximately 200 basis points from recently completed acquisitions. Full-year constant-currency revenue growth guidance was reduced to 4.0%–4.4% from 4.0%–5.5%, with approximately 150 basis points of inorganic growth unchanged. The revised outlook reflects greater pressure on discretionary spending in health care and consumer-facing sectors, a slightly lower contribution from third-party resales, and a higher fourth-quarter furlough impact. Adjusted operating margin guidance was narrowed to approximately 16.1%, representing 30 basis points of year-over-year expansion, and adjusted EPS guidance was narrowed to $5.72–$5.79, or 8%–10% growth.

Key facts

• Cognizant expects Q4 2026 revenue growth of 3.2% to 4.7% year-over-year in constant currency, including approximately 200 basis points from recently completed acquisitions.
• Cognizant revised full-year 2026 constant-currency revenue growth guidance to 4% to 4.4%, from 4% to 5.5% previously.
• Cognizant's full-year revenue guidance includes approximately 150 basis points of inorganic growth, unchanged from prior guidance.
• Cognizant's revised guidance assumes a slightly lower contribution from third-party resales and a higher Q4 furlough impact than previously expected.

Impact estimates