Kyndryl
Provides advisory, implementation, and managed services for mission-critical enterprise technology.
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Profile
Provides advisory, implementation, and managed services for mission-critical enterprise technology. Formed from IBM's infrastructure-services operation, it pairs infrastructure modernization with hybrid-cloud capabilities and alliances organized around customer modernization.
Advisory, implementation, and managed services support mission-critical enterprise technology, including infrastructure modernization and hybrid-cloud workloads. The business was carved out of IBM's Global Technology Services infrastructure-services operation and became independent in 2021.
International work for enterprise customers in multiple markets extends its infrastructure-services role alongside investment in higher-value, next-generation services. Independence lets Kyndryl organize alliances and services around customer modernization beyond IBM's former captive ecosystem. A 2024 acquisition of Skytap added specialized workload capabilities to its hybrid-cloud services portfolio; the business remains shaped by its IBM separation and ongoing internal-control remediation.
Company facts
Categories
Key statistics
Year to date −48.2% · Average volume (30d) 4.2M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 6, 2026 | BMO Capital | Reiterate | Market Perform | $15 | $16 | |
| May 21, 2026 | Susquehanna | Downgrade | Positive | Neutral | $16 | $13 |
| May 8, 2026 | Scotiabank | Reiterate | Sector Perform | $30 | $15 | |
| Apr 20, 2026 | BMO Capital | Target | $15 | |||
| Feb 13, 2026 | Susquehanna | Reiterate | Positive | $35 | $16 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q1 FY27 | −$0.16 | −$0.12 | +24.2% | $3.64B | $3.62B | −0.7% | −5.38% |
| May 6, 2026Q4 FY26 | $0.43 | $0.18 | −58.1% | $3.74B | $3.77B | +0.9% | −3.66% |
| Feb 9, 2026Q3 FY26 | $0.60 | $0.52 | −13.3% | $3.89B | $3.86B | −0.7% | +5.00% |
| Nov 4, 2025Q2 FY26 | $0.36 | $0.38 | +6.3% | $3.97B | $3.72B | −6.2% | −4.70% |
Financial highlights
| 12 quarters | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|
| Revenue | $3.80B | $3.74B | $3.72B | $3.86B | $3.77B | $15.09B | |
| Gross profit | $863.0M | $798.0M | $801.0M | $843.0M | $847.0M | $3.29B | |
| Operating income | $224.0M | $152.0M | $140.0M | $172.0M | $171.0M | $414.0M | |
| Net income | $68.0M | $56.0M | $68.0M | $57.0M | $17.0M | $198.0M | |
| Diluted EPS | $0.28 | $0.23 | $0.29 | $0.25 | $0.07 | $0.85 | |
| Gross margin | 22.7% | 21.3% | 21.5% | 21.8% | 22.5% | 21.8% | |
| Operating margin | 5.9% | 4.1% | 3.8% | 4.5% | 4.5% | 2.7% |
Fiscal years (4-quarter sums)FY22 $18.32B · FY23 $17.03B · FY24 $15.56B · FY25 $15.06B · FY26 $15.09B
Revenue by product · Q1 FY27
Revenue by geography · Q1 FY27
Balance sheet, Jun 30, 2026Cash & short-term investments $2.10B · Total debt $4.93B · Total assets $12.03B · Shareholders' equity $1.07B
Dividends
No dividends on record.
Ownership
Shares outstanding 220.52M · Float 204.18M · 92.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 22.47M | 10.19% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 16.68M | 7.56% | 13F | Aug 13, 2026 |
| AQR Capital Management LLC | 14.64M | 6.64% | 13F | Aug 14, 2026 |
| Neuberger Berman Group LLC | 10.80M | 4.90% | 13F | Aug 13, 2026 |
| FMR LLC | 10.20M | 4.63% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Dec 5, 2025 | Vineet Khurana | officer: SVP & Global Controller | −6,641 | $26.69 |
Peers
- DXC Technology
Enterprise IT outsourcing and managed-infrastructure rival
- Accenture
Large-scale consulting and managed-services provider
- IBM
Enterprise consulting, hybrid-cloud, and infrastructure supplier
- Infosys (ADR)
Global IT services provider with cloud and transformation delivery
- Cognizant Technology Solutions
IT consulting and managed-services competitor for enterprises
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Kyndryl | $13.20 | 0.00% | $2.91B | 9.0 | 5.3 | 0.1 | −3.3% |
| DXC Technology | $11.21 | +0.04% | $1.82B | 15.1 | 4.1 | 0.1 | −5.1% |
| Accenture | $189.20 | −0.17% | $116.03B | 15.1 | 13.2 | 1.6 | +5.6% |
| IBM | $235.80 | +0.10% | $221.96B | 20.8 | 18.4 | 3.2 | +1.1% |
| Infosys (ADR) | $12.01 | −0.41% | $48.89B | 14.9 | 14.8 | 2.4 | +1.0% |
| Cognizant Technology Solutions | $64.12 | +0.11% | $28.85B | 13.8 | 10.6 | 1.3 | +4.5% |
| Median | 15.1 | 13.2 | 1.6 | +1.1% |







