Kyndryl Holdings Inc (KD) Q1 2026 Earnings Report

Kyndryl Holdings Inc. reported its Q1 2026 results with a revenue of $3.743 billion, reflecting a year-over-year increase of 11% on a reported basis, driven primarily by strong growth in Kyndryl Consult, which saw a 30% increase year-over-year. Despite a decline in constant currency revenues due to strategic focus on essential accounts, management emphasized the substantial margin improvements and a 39% increase in adjusted pretax income, which illustrated the effectiveness of their operational strategies. The company reaffirmed its fiscal 2026 guidance of a 1% revenue growth, with expectations for accelerating growth in the latter part of the year as it shifts towards higher-margin post-spin contracts.