Every 10-Q that Cognizant Technology Solutions (CTSH) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow CTSH and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CTSH filings page.
Cognizant Technology Solutions reported Q2 2026 revenues of $5,481 million, up 4.5% year over year (4.1% in constant currency), driven by large deal ramp-ups, growing demand for AI and automation services, and higher sales of third-party products. GAAP operating margin edged up to 15.9%, while net income was $636 million and diluted EPS $1.36.
In 2026 the company accelerated its AI-focused strategy, closing the 3Cloud and Astreya acquisitions for a combined $1,393 million and launching Project Leap, a restructuring and investment program with expected 2026 costs of $230–$320 million and anticipated savings of $200–$300 million. Q2 included $84 million of Project Leap charges and an $81 million benefit from partially reversing a 2019 India Defined Contribution Obligation. Cash from operations for the first half reached $832 million; cash and equivalents were $1,038 million, alongside $1,527 million of long-term debt after a $1,000 million revolving credit draw. Shareholder returns remained significant, with $1,607 million of buybacks in the first half, including a $500 million accelerated share repurchase in Q2, and quarterly dividends of $0.33 per share.
Cognizant Technology Solutions delivered steady Q1 2026 results with revenues of $5,413 million, up 5.8% year over year, or 3.9% in constant currency. Growth was driven by large deal ramp-ups, higher demand for AI and analytics, and increased sales of third-party products.
Net income was $662 million, essentially flat versus Q1 2025, while diluted EPS rose to $1.39 from $1.34. GAAP and Adjusted operating margins were both 15.6%, supported by operational efficiencies and favorable Indian rupee movements, but offset by mix shift to third-party products, the dilutive impact of the 3Cloud acquisition and higher compensation.
The company closed the 3Cloud deal for a preliminary purchase price of $728 million and later agreed to acquire Astreya for about $600 million in cash plus an earn-out to deepen AI-focused managed services. Cognizant also announced Project Leap, a 2026 program expected to incur $230–$320 million in restructuring-type costs and generate in-year savings of $200–$300 million to fund AI and integrated offerings investments.
Cognizant Technology Solutions (CTSH) reported Q3 2025 results. Revenue rose to $5,415 million from $5,044 million a year ago, and operating income increased to $866 million. Net income fell to $274 million, or $0.56 per diluted share, primarily due to a one-time, non-cash income tax expense tied to U.S. legislation that lifted capitalization of R&E costs, pushing the effective tax rate to 69.1%.
Year to date, revenue reached $15,775 million and net income was $1,582 million. Operating cash flow strengthened to $2,025 million for the nine months, supporting $1,040 million of share repurchases and $459 million in dividends. Cash and cash equivalents were $2,341 million, and long-term debt declined to $551 million. Remaining performance obligations totaled $6,218 million, with about 35% expected to convert to revenue within one year.
The company recorded a $62 million gain on a Q1 sale of an office complex in India and ended Q3 with 483 million Class A shares outstanding.