Recent Updates — KD
On September 24, 2026, Kyndryl Holdings, Inc. entered into an underwriting agreement to sell $1 billion in aggregate principal amount of senior unsecured notes, comprising $600 million of 7.800% Senior Notes due 2029 and $400 million of 7.875% Senior Notes due 2032. The company intends to use the net proceeds primarily to repay the $700 million outstanding aggregate principal amount of its 2.05% senior notes maturing in October 2026, with any remaining funds used to repay its revolving credit agreement and cover related expenses. Kyndryl Holdings, Inc. operates in the information technology services industry, providing infrastructure management and digital transformation solutions.
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.
Kyndryl Holdings, Inc. appointed Ellen Johnson as Chief Financial Officer, effective upon the filing of the 10-Q for the quarter ended June 30, 2026. Ms. Johnson will succeed Harsh Chugh, succeeding a period of interim leadership. The Board also appointed Andrew Bonzani as General Counsel and Secretary, effective immediately. Kyndryl Holdings, Inc. is an IT infrastructure services company.