Quarterly ResultAug 5, 2026, 04:30 PM
Kyndryl Q1 Net Loss $(55)M; Revenue $3.62B
AI Summary
Kyndryl Holdings, Inc. reported a net loss of $(55) million for the three months ended June 30, 2026, a significant decline from a net income of $56 million in the prior year. Revenues decreased to $3.62 billion from $3.74 billion. The company incurred higher workforce rebalancing charges of $152 million and an impairment expense of $38 million, contributing to the loss. Segment adjusted EBITDA also saw a decline to $542 million, and net cash used in operating activities increased to $(310) million.
Key Highlights
- Net loss of $(55)M for Q1 2026, down from $56M net income in Q1 2025.
- Revenues decreased to $3.62B in Q1 2026 from $3.74B year-over-year.
- Basic EPS was $(0.25) for Q1 2026, compared to $0.24 in Q1 2025.
- Workforce rebalancing charges increased to $152M from $25M in Q1 2025.
- Impairment expense of $38M recorded in Q1 2026.
- Segment adjusted EBITDA declined to $542M from $672M year-over-year.
- Net cash used in operating activities was $(310)M, up from $(124)M.
- Remaining Performance Obligation (RPO) stood at $32.2B at June 30, 2026.
Price Impact
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