CTSH · 10-Q · 2026Q3 · Full report

End-Market Demand Trends

COGNIZANT TECHNOLOGY SOLUTIONS CORP · 2026-10-29 · Importance 14 · Surprise 6

Third-quarter revenue growth was led by banking clients in Financial Services and technology clients in CMT, while communications and media customers in CMT, healthcare customers in Health Sciences, and retail, consumer goods, travel and hospitality customers in Products and Resources were weaker. For the first nine months, banking and insurance clients in Financial Services, life sciences customers in Health Sciences, and technology customers in CMT supported growth; healthcare and the same consumer-facing customer groups remained areas of weakness. Revenue was positively affected by ramp-ups of several recently won large deals and increasing demand for intuitive operations and automation services, as well as cloud and infrastructure services. The company said the largest customer in CMT drove technology-client growth, primarily in North America.

Key facts

• Q3 2026 revenue was positively affected by ramp-up of recently won large deals and increasing demand for intuitive operations and automation, cloud and infrastructure services. source
• Nine-month 2026 revenue across all geographies benefited from ramp-up of recently won large deals and increased demand for intuitive operations and automation services. source
• Nine-month revenue growth was driven by banking and insurance clients in Financial Services, life sciences customers in Health Sciences, and technology customers in CMT; CMT technology growth was attributable to its largest customer. source
• Cognizant expects clients to focus on transformation into AI-ready, technology-driven, data-enabled, customer-centric and differentiated businesses, and says clients have demanded and may increasingly demand productivity- and cost-saving services and solutions. source
• Q3 2026 revenue growth was led by banking clients in Financial Services and technology clients in CMT, and partly offset by weakness in communications and media, healthcare, retail, consumer goods, travel and hospitality clients. source
• Cognizant reported Q3 2026 revenue growth led by banking clients in Financial Services, primarily in North America. source
• Nine-month revenue was negatively affected by weakness in healthcare customers in Health Sciences and retail, consumer goods, travel and hospitality customers in Products and Resources; CMT continued to see weakness among communications and media customers. source
• Cognizant says global economic uncertainty has affected and may continue to affect demand for its services and discretionary work. source