Cognizant Technology Solutions
Builds and operates enterprise technology across software, cloud, AI, infrastructure, and business processes.
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Profile
Sells consulting, software engineering, cloud, AI, infrastructure, and outsourced operations to large enterprises across healthcare, financial services, products and resources, and communications, media and technology. Most revenue comes from North American clients, while an India-centered workforce delivers projects through a global network.
Provides consulting and technology services spanning application development, systems integration, quality engineering, software and platform engineering, engineering research and development, and AI, cloud, data, infrastructure, and security work. Outsourcing covers application maintenance, infrastructure management, business processes, and automation.
Organizes client work across Health Sciences, Financial Services, Products and Resources, and Communications, Media and Technology. Recent acquisitions add Belcan’s aerospace and industrial engineering, 3Cloud’s Microsoft Azure expertise, and Astreya’s AI-infrastructure managed services.
Pairs industry-specific expertise with client-site teams and global delivery centers to design, implement, and operate enterprise systems. Competition comes from global services firms, specialists, and clients’ in-house capability centers, while healthcare and financial-services exposure links demand to regulation and industry spending. North America supplies most revenue, and most employees are based in India.
Company facts
Categories
Key statistics
Year to date −21.2% · Average volume (30d) 8.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 6, 2026 | Mizuho Securities | Target | $68 | $64 | |
| Jul 30, 2026 | Susquehanna | Reiterate | Positive | $88 | $82 |
| Jul 30, 2026 | Robert W. Baird | Target | $55 | $68 | |
| Jul 30, 2026 | Morgan Stanley | Reiterate | Negative | $44 | $51 |
| Jul 27, 2026 | Guggenheim | Reiterate | Buy | $100 | $65 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $1.38 | $1.37 | −0.7% | $5.48B | $5.48B | 0.0% | +11.25% |
| Apr 29, 2026Q1 FY26 | $1.34 | $1.40 | +4.5% | $5.41B | $5.41B | 0.0% | −3.29% |
| Feb 4, 2026Q4 FY25 | $1.32 | $1.35 | +2.3% | $5.31B | $5.33B | +0.4% | +0.17% |
| Oct 29, 2025Q3 FY25 | $1.30 | $1.39 | +6.9% | $5.32B | $5.42B | +1.8% | +0.70% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $5.12B | $5.25B | $5.42B | $5.33B | $5.41B | $5.48B | |
| Gross profit | $1.72B | $1.77B | $1.83B | $1.66B | $1.60B | $1.83B | |
| Operating income | $853.0M | $817.0M | $866.0M | $853.0M | $817.0M | $874.0M | |
| Net income | $663.0M | $645.0M | $274.0M | $648.0M | $662.0M | $636.0M | |
| Diluted EPS | $1.34 | $1.31 | $0.56 | $1.34 | $1.39 | $1.36 | |
| Gross margin | 33.6% | 33.7% | 33.9% | 31.1% | 29.6% | 33.4% | |
| Operating margin | 16.7% | 15.6% | 16.0% | 16.0% | 15.1% | 15.9% |
Fiscal years (4-quarter sums)FY21 $18.51B · FY22 $19.43B · FY23 $19.35B · FY24 $19.74B · FY25 $21.11B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.05B · Total debt $2.09B · Total assets $20.83B · Shareholders' equity $14.46B
Dividends
Raised for 7 straight years — most recently to $0.33 from $0.31 in Feb 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 18, 2026 | Aug 18 | Aug 25 | $0.33 | |
| May 18, 2026 | May 18 | May 27 | $0.33 | |
| Feb 18, 2026 | Feb 18 | Feb 26 | $0.33 | raised from $0.31 |
| Nov 18, 2025 | Nov 18 | Nov 26 | $0.31 | |
| Aug 18, 2025 | Aug 18 | Aug 26 | $0.31 | |
| May 19, 2025 | May 19 | May 28 | $0.31 | |
| Feb 18, 2025 | Feb 18 | Feb 26 | $0.31 | raised from $0.30 |
| Nov 19, 2024 | Nov 19 | Nov 27 | $0.30 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 450.44M · Float 449.21M · 99.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 46.18M | 10.25% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 30.95M | 6.87% | 13F | Aug 13, 2026 |
| Invesco Ltd. | 28.13M | 5.90% | 13G | Jul 15, 2026 |
| Pzena Investment Management LLC | 26.84M | 5.70% | 13G | Jul 17, 2026 |
| Vanguard Portfolio Management LLC | 26.15M | 5.81% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 3, 2026 | Jatin P. Dalal | officer: Chief Financial Officer | −12,000 | $55.76 |
| Aug 3, 2026 | John Sunshin Kim | officer: CLO, CAO & Corporate Secretary | −2,500 | $57.05 |
| Jul 1, 2026 | Alina Kerdman | officer: SVP, Controller & CAO | −137 | $39.82 |
| Jun 15, 2026 | Alina Kerdman | officer: SVP, Controller & CAO | −133 | $51.70 |
| Jun 10, 2026 | Stephen J. Rohleder | director | +4,034 | $52.00 |
Peers
- Accenture
Global leader in digital transformation; competes across all four CTSH segments.
- Infosys (ADR)
Closest Indian IT peer; near-identical delivery model across all CTSH verticals.
- IBM
IBM Consulting rivals Cognizant in AI transformation and application services.
- Wipro (ADR)
Indian IT peer in CTSH 10-K; competes in IT services, cloud, and BPO.
- DXC Technology
Named in CTSH 10-K; overlaps in IT outsourcing and application management.
- EPAM Systems
Named in CTSH 10-K; competes in digital engineering and software development.
- CGI
Named in CTSH 10-K; Canadian IT firm competing in FS, outsourcing, consulting.
- Genpact
Named in CTSH 10-K; BPO and digital operations rival in FS and healthcare.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Cognizant Technology Solutions | $64.12 | +0.11% | $28.85B | 13.8 | 10.6 | 1.3 | +4.5% |
| Accenture | $189.20 | −0.17% | $116.03B | 15.1 | 13.2 | 1.6 | +5.6% |
| Infosys (ADR) | $12.01 | −0.41% | $48.89B | 14.9 | 14.8 | 2.4 | +1.0% |
| IBM | $235.80 | +0.10% | $221.96B | 20.8 | 18.4 | 3.2 | +1.1% |
| Wipro (ADR) | $1.82 | +0.10% | $18.00B | 13.8 | 17.4 | 1.9 | −1.0% |
| DXC Technology | $11.21 | +0.04% | $1.82B | 15.1 | 4.1 | 0.1 | −5.1% |
| EPAM Systems | $114.11 | −0.63% | $6.00B | 15.6 | 8.5 | 1.1 | +4.5% |
| CGI | $74.77 | +0.03% | $15.98B | 12.9 | 11.3 | 1.4 | −1.7% |
| Genpact | $38.02 | −0.03% | $6.44B | 11.3 | 8.9 | 1.2 | +7.1% |
| Median | 15.0 | 12.3 | 1.5 | +1.1% |