Cognizant Q3 profit beats estimates on financial services segment, raises outlook
CTSH•Cognizant reported Q3 revenue of $5.66 billion and adjusted EPS of $1.49, beating analyst estimates of $5.65 billion and $1.47. It raised 2026 adjusted EPS guidance to $5.72-$5.79 and expects revenue of $22.05 billion to $22.14 billion.
1. Quarterly results
Cognizant's Q3 revenue rose 4.6% to $5.66 billion, slightly above the $5.65 billion analyst estimate. Adjusted EPS grew 7.2% to $1.49, beating the $1.47 estimate. The company repurchased $258 million of shares during the quarter.
2. Raised outlook
Cognizant expects Q4 revenue of $5.49 billion to $5.57 billion, up 3.0%-4.5% year over year. It forecast 2026 revenue of $22.05 billion to $22.14 billion, up 4.5%-4.9%, and raised its 2026 adjusted EPS guidance to $5.72-$5.79, up 8%-10%. The company said double-digit growth in its Financial Services segment contributed to Q3 results and attributed improved productivity and revenue per employee to increased use of AI tools and workforce upskilling.
