Earnings ·
Kyndryl Holdings reported first-quarter fiscal 2027 results for the period ended June 30, 2026, showing revenues of…
KDKyndryl Holdings, Inc.
Kyndryl Holdings reported first-quarter fiscal 2027 results for the period ended June 30, 2026, showing revenues of $3.6 billion, a 3% year-over-year decline. The company posted a net loss of $55 million, or ($0.25) per diluted share, compared to a net income of $56 million in the prior-year period. Adjusted EBITDA fell to $512 million from $647 million, while adjusted net loss was $26 million. Results included $152 million in workforce rebalancing charges, with approximately $200 million expected for fiscal 2027 to achieve annualized savings of $400–$500 million by fiscal 2028. Hyperscaler-related revenue grew 34% year-over-year to exceed $530 million. The company reaffirmed its full-year adjusted pretax income guidance of $600–$700 million and free cash flow guidance of $400–$500 million. Kyndryl operates in the IT infrastructure services industry, designing, building, managing, and modernizing enterprise technology systems.