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Cognizant CTSH Restructuring Charges

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Other financials

Income statement

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Revenue$5.5B+4.5%
Gross profit$1.8B+3.6%
Operating income$874.0M+7.0%
Net income$636.0M-1.4%
EPS (diluted)$1.36+3.8%

Balance sheet

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Cash & equivalents$1.0B-42.2%
Total debt$2.1B+77.9%
Total equity$14.5B-5.4%
Total assets$20.8B+3.3%

Cash flow

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Operating cash flow$558.0M+40.2%
CapEx$99.0M+47.8%
Free cash flow$459.0M+38.7%

Valuation

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Market cap$25.13B-27.4%
Enterprise value$26.18B-23.0%
P/E11.3×-2.9×
P/S1.2×-0.5×

Profitability

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Gross margin33.4%-0.7pp
Operating margin15.9%+0.5pp
Net margin10.3%-1.6pp
FCF margin12%+0.9pp

Returns & leverage

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Return on equity14.9%-1.8pp
Debt / equity0.1×+0.1×
Current ratio2.2×-0.2×

Where this comes from

Reported directly by Cognizant in its filing.

Tagged under the XBRL concept us-gaap:RestructuringCharges.

The source filing: Cognizant’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 9:09 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001058290-26-000031
(in millions, except per share data)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Operating expenses:
Cost of revenues (exclusive of depreciation and amortization expense shown separately below)3,6523,4797,2906,876
Selling, general and administrative expenses7288101,5191,601
Restructuring charges8484
Depreciation and amortization expense143139284275
(Gain) on sale of property and equipment(62)
Income from operations8748171,7171,670
Other income (expense), net:

Item 1. Financial Statements.

FAQ

What is Cognizant's restructuring charges?
Cognizant (CTSH) reported restructuring charges of $84M in Q2 2026.
What does restructuring charges mean?
One-time costs from reorganizing operations, including employee severance, facility closure costs, contract termination fees, and asset relocation expenses.

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