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Earnings

Kyndryl jumps 35.24% as signings and margins improve in its second quarter

The IT services company beat profit estimates, reaffirmed its full-year outlook and pointed to faster growth in consulting and cloud-partner work.

· AP's Morning Brief

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Kyndryl (KD) shares were up $4.56, or 35.24%, at $17.50 as of 3:11 p.m. ET on Wednesday, compared with Tuesday's regular-session price of $12.94, after the IT infrastructure services company reported fiscal second-quarter results.

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Adjusted earnings came in at $0.42 a share, up from $0.38 a year earlier, the company said. Revenue was $3.7 billion, down 1.9% from a year earlier on a reported basis. Investing.com reported that revenue of $3.65 billion was just ahead of the $3.64 billion analysts expected, and adjusted EPS topped a $0.41 forecast.

Investors appeared to focus on signs that the business mix is improving. Signings totaled $4.1 billion in the quarter and $15.5 billion over the past twelve months. Revenue tied to work with large cloud providers grew 27.2% from a year earlier to more than $550 million, and Kyndryl Consult revenue rose 4.2%. Adjusted EBITDA was $699 million, up from $641 million.

The company reaffirmed its fiscal 2027 outlook for adjusted pretax income of $600 million to $700 million and free cash flow of $400 million to $500 million. Free cash flow in the quarter was a use of $34 million.

Sources

  1. Nasdaq.com quote (KD) — KD last sale $17.50, net change +4.56, +35.24% as of Nov 4, 2026 3:11 PM ET (implies prior regular-session price $12.94).
  2. Yahoo Finance chart data (KD) — Nov 3, 2026 regular-session price $12.94; $17.485 as of 15:11 ET Nov 4, 2026.
  3. Kyndryl release (PR Newswire) — Fiscal Q2 2027 revenue $3.7 billion, down 1.9% reported; adjusted EPS $0.42 vs $0.38 prior year; adjusted EBITDA $699 million vs $641 million; free cash flow use of $34 million; signings $4.1 billion in quarter, $15.5 billion trailing twelve months; Kyndryl Consult revenue up 4.2%; hyperscaler-related revenue more than $550 million, up 27.2%; reaffirmed fiscal 2027 adjusted pretax income $600 to $700 million and free cash flow $400 to $500 million.
  4. Investing.com — Adjusted EPS $0.42 above $0.41 forecast; revenue $3.65 billion vs $3.64 billion estimate.