Kyndryl Holdings Inc (NYSE:KD)

Q2 2026 Kyndryl Holdings Inc Earnings Call Transcript

Nov 5, 2025 / 01:30 PM GMT

Release Date Price: $26.14 (-4.70%)

Transcript 10-Q8-K

Key Points

Positve

Kyndryl Holdings Inc (KD) reported a substantial increase in earnings and margin expansion in the second quarter.
The company has a strong pipeline with a book-to-bill ratio above 1, indicating future revenue growth.
Kyndryl Holdings Inc (KD) increased its share repurchase program by $400 million, reflecting confidence in achieving fiscal 2028 objectives.
Kyndryl Consult revenue increased by 32% in constant currency over the last 12 months, reaching an annual pace of $3.4 billion.
The company is leveraging AI and advanced delivery initiatives to enhance service delivery and operational efficiency, generating $875 million in annual savings.

Negative

Revenue for the core business came in about $100 million below target, despite signing most deals that slipped out of Q1.
The focus on margin expansion has been a revenue headwind, with a 4-point drag on revenue growth in Q2 due to the removal of low-margin hardware and software content.
The company faces longer sales cycles as it expands the scope of contract renewals, often involving replacing incumbents or transitioning insourced work.
Despite strong growth in certain areas, overall revenue was down 1% from the prior year quarter on a reported basis and 3.7% in constant currency.
The company acknowledges near-term revenue pressures and the need for stronger second-half growth to meet fiscal year targets.

Refinitiv StreetEvents Event Transcript
P R E L I M I N A R Y V E R S I O N

KD.N - Kyndryl Holdings Inc
Q2 2026 Kyndryl Holdings Inc Earnings Call
Nov 05, 2025 / 01:30PM GMT

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Presentation
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THIS TRANSCRIPT IS THE INITIAL PRELIMINARY VERSION WHICH LEVERAGES MACHINE LEARNING TECHNOLOGY. AS SUCH, PLEASE BE AWARE THERE MAY BE INACCURACIES IN THE TEXT DISPLAYED. FUTURE EDITED VERSIONS WILL BE REVIEWED FOR GREATER ACCURACY.

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Good day and thank you for standing by. Welcome to the Kendra's second quarter, 2026 earnings conference call.

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