Cognizant Technology Solutions Corporation reported second quarter 2026 financial results with revenue of $5.48 billion, a 4.5% year-over-year increase. GAAP diluted earnings per share were $1.36, up 3.8%, while adjusted operating margin expanded to 16.0%. The company completed its acquisition of Astreya for $634 million and borrowed $1.0 billion under its revolving credit facility. Cognizant repurchased 22.5 million shares for $1.15 billion in the quarter, leaving $2.3 billion remaining on its authorization. Full-year adjusted diluted EPS guidance was raised to a range of $5.70 to $5.82. In July 2026, the company declared a quarterly cash dividend of $0.33 per share for shareholders of record on August 18, 2026, payable on August 25, 2026. Cognizant is an AI builder and technology services provider.

The United States District Court for the District of New Jersey preliminarily approved a settlement of a stockholder derivative action, Viswanatha Palempalli v. Michael Pastalos-Fox, et al., No. 2:21-cv-12025-EP-SDA. Cognizant Technology Solutions Corporation is disclosing the settlement details via Long-Form Notice and Stipulation of Settlement exhibits. Cognizant Technology Solutions Corporation is an information technology services company.

Cognizant Technology Solutions Corporation held its annual meeting of shareholders on June 2, 2026, with approximately 92.90% of outstanding Class A Common Stock represented. All 13 director nominees were re-elected, and proposals regarding executive compensation and the ratification of PricewaterhouseCoopers LLP were approved. A shareholder proposal to adopt a right to act by written consent was not approved, receiving 162,523,425 votes in favor and 253,824,087 against.

Cognizant Technology Solutions Corporation has provided notice to lenders to borrow $1 billion under its existing revolving credit facility. The funds are expected to be drawn on May 20, 2026.

Cognizant Technology Solutions Corporation has increased its existing stock repurchase program by $2 billion, leaving approximately $3.45 billion in remaining authorization as of May 17, 2026. Additionally, the company raised its expected share repurchases for 2026 by $1 billion to a total of $2 billion.

Cognizant Technology Solutions Corporation released its financial results for the quarter ended March 31, 2026, via a press release on April 29, 2026. The filing includes supplemental financial information provided through an investor presentation and an infographic.