Cognizant Technology Solutions Corporation (CTSH) Earnings Call Transcripts

Cognizant Technology Solutions Corporation's Latest Earnings Call - September 8, 2026

In the second quarter of fiscal year 2026, Cognizant Technology Solutions Corporation (CTSH:US) reported revenues of $4.8 billion, a 5% increase year-over-year, and earnings per share (EPS) of $1.05, which was inline with analyst expectations. Management maintained its guidance for the third quarter, expecting similar organic growth rates as seen in Q2, with an anticipated acceleration in Q4 due to increased project transitions. The company continues to navigate a challenging demand environment, particularly in the Communications, Media, and Technology (CMT) sector, but remains optimistic about future growth driven by AI investments and large deal wins.

Reported metrics

Guidance from management

Cognizant maintains its guidance for Q3 organic revenue growth to be similar to Q2, with an expected acceleration in Q4 driven by project transitions and increased working days.

What management said

I think it's an interesting question to start. If you see, there is -- the industry has seen now more than a few years or 2 or 3 years of slow growth. In our assessment, it is partially the secular pressure, but it's also the lack of discretionary spend. Because, for example, in BFSI, Cognizant grew double digit in quarter 2. And that was notwithstanding the secular pressure because of AI-led productivity and everyth...

I would not say more recently. I think it's more of the same. The demand environment remains very similar to what we articulated on the earnings call. Only my hope is that as some of the impact of communication sector plateaus this year and stabilizes, you should see a slightly better outcome on CMT in coming quarters. So I do see that there is an opportunity out there on the CMT space better than what it has been in...

What analysts pressed on

Analysts expressed concerns regarding the sustainability of growth in the CMT sector, particularly with one major customer impacting performance. There were also questions about potential risks from incumbents being replaced by new entrants in the IT services space.

Main topics on the call

• Revenue Growth — Cognizant reported revenues of $4.8 billion, reflecting a 5% increase year-over-year. CFO Jatin Dalal noted, "We continue to see strong performance in the BFSI sector, which grew double digits in Q2, despite broader indu...
• Guidance for Q3 and Q4 — Management expects Q3 organic growth to be similar to Q2, with an implied acceleration in Q4. Dalal stated, "There have been a host of projects which have been on a transition phase during the first half, which we won in...
• AI and Large Deal Wins — Cognizant's focus on AI has led to an increase in large deal wins, with volumes growing double digits in new work. Dalal emphasized, "Our ability to win large deals and execute on them well is a virtuous cycle that conti...
• Headcount and Workforce Trends — The company reported a flattening of headcount growth, indicating a transition phase in workforce management. Dalal mentioned, "From '25 to '26, that number is largely flattish, despite hiring a large number of recent co...

Read the full Cognizant Technology Solutions Corporation transcript (September 8, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 58 Cognizant Technology Solutions Corporation earnings call transcripts on record, spanning February 5, 2020 to September 8, 2026. Based on this history, Cognizant Technology Solutions Corporation reports quarterly. The most recent call on file is dated September 8, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

CTSH

Exchange

NasdaqGS

Country

US

Sector

Information Technology

Industry

IT Services

Calls on record

58

First call

February 5, 2020

Most recent

September 8, 2026

Reporting cadence

quarterly