Kyndryl Holdings Incorporation ( (KD) ) has released its Q2 earnings. Here is a breakdown of the information Kyndryl Holdings Incorporation presented to its investors.
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Kyndryl Holdings Incorporation is a leading provider of mission-critical enterprise technology services, specializing in IT infrastructure services across more than 60 countries. The company focuses on designing, building, managing, and modernizing complex information systems.
In its second quarter of fiscal 2026, Kyndryl reported revenues of $3.7 billion, with a net income of $68 million, reflecting a significant turnaround from the previous year’s loss. The company also announced a $400 million increase in its share repurchase program, indicating confidence in its financial health.
Key financial highlights include an adjusted EBITDA of $641 million, a 15% increase year-over-year, and an adjusted net income of $89 million. The company experienced a 65% increase in hyperscaler-related revenue and a 28% growth in Kyndryl Consult revenues. These results underscore Kyndryl’s strategic focus on alliances, advanced delivery, and AI-driven services.
Looking forward, Kyndryl reaffirms its fiscal 2026 outlook, anticipating stronger revenue in the second half of the year. The company remains committed to achieving its fiscal 2028 objectives, including generating over $1 billion in free cash flow, while continuing to expand its AI capabilities and strategic partnerships.