Earnings ·
Kyndryl Reports $3.7B Q2 Revenue and $0.42 Adjusted EPS, Reaffirms FY27 Outlook
KDKyndryl Holdings, Inc.
Kyndryl Holdings reported second-quarter fiscal 2027 results with revenues of $3.7 billion, a 1.9% decline year-over-year on a reported basis. The company posted net income of $59 million, or $0.27 per diluted share, compared to $68 million in the prior-year period. Adjusted EBITDA rose 9% to $699 million, and adjusted earnings per share increased to $0.42 from $0.38. The quarter included $38 million in workforce rebalancing charges. Kyndryl reaffirmed its fiscal 2027 outlook for adjusted pretax income of $600–$700 million and free cash flow of $400–$500 million. Additionally, the company completed a debt refinancing, issuing $1 billion in senior notes to repay maturing obligations and fully draw down its revolving credit facility. Kyndryl is the world’s largest IT infrastructure services provider.