Cognizant Poised to Report Inline Q2 Results, With Fiscal 2026 Guidance Maintained, RBC Says

MT Newswires Live
Jul 24

Cognizant Technology Solutions (CTSH) should report inline Q2 results and maintain its fiscal 2026 guidance, with strong momentum in larger deals, the Astreya acquisition, and a focus on outcome-based projects supporting mid-single-digit topline growth, RBC Capital Markets said in a Friday note.

RBC estimated Q2 revenue growth of 4.6% year-on-year to $5.48 billion, roughly inline with consensus of $5.49 billion, with adjusted earnings per share slated to be $1.38, inline with consensus.

The company is expected to reaffirm fiscal 2026 guidance. RBC said it estimates revenue growth of 5.6% year-on-year to $22.296 billion, roughly inline with consensus of $22.298 billion. FY26 adjusted EPS is estimated to be $5.74, compared with consensus of $5.70.

Cognizant is scheduled to report its Q2 results on Wednesday.

RBC lowered its price target to $47 from $88 and maintained its sector perform rating.

Price: 44.13, Change: +1.12, Percent Change: +2.60

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