Analyst Consensus ?
ConsensusHold49 ratings
Bullish2346.9%
Neutral2142.9%
Bearish510.2%
1 unmapped firm rating excluded from the percentages.
Cognizant Technology Solutions Corporation · CTSH · FY2025 Q4 · Calendar Q1 2026
Cognizant Maintains Outlook as AI Strategy and Deal Flow Advance
Cognizant's latest call supports a measured version of the growth thesis: AI-led productivity, large deals, acquisitions, and partnerships are supporting demand, but maintained guidance and persistent margin and execution risks argue against an unqualified acceleration narrative.
Reported Before market openNASDAQTechnology
$25.87B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.35
Consensus $1.32
EPS surprise
+2.3%
Reported versus consensus
Reported revenue
$5.33B
Consensus $5.31B
Revenue surprise
+0.4%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+3.0%
Event window
SPY move
-0.5%
Same window
Abnormal move
+3.5%
Stock minus SPY
Volume
2.4×
Versus trailing sessions
Subsequent drift
-14.2%
Up to 20 sessions
CTSHSPY benchmark
Ask FN2 about CTSH FY2025 Q4
Transcript, numbers and history already loaded
Why did CTSH rise 3.0% after beating EPS estimates in FY2025 Q4?What changed in CTSH's guidance and outlook in FY2025 Q4?Give me the bull and bear case for CTSH after FY2025 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Relative to the prior quarter, the company moved from raised guidance to maintained guidance while emphasizing the Three Cloud acquisition, a broader AI partnership ecosystem, continued large-deal activity, and 2026 hiring. Management also acknowledged compensation and fixed-price contract pressures.
Guidance delta
Management maintained its 2026 outlook for 4%–6.5% revenue growth, modest margin expansion, and continued capital returns; the prior quarter had featured raised guidance.
Key takeaways
- Cognizant described continued AI-led productivity, agentic software, and large-deal momentum across its service lines.
- Management highlighted the Three Cloud acquisition, AI partnerships, and planned campus hiring as capacity-building priorities.
- The outlook remains constructive but balanced by compensation, fixed-price contract, BPO, and macro execution risks.
Management priorities
- Scale the three-vector AI Builder strategy and AI-powered products.
- Integrate Three Cloud and continue targeted M&A and strategic partnerships.
- Expand the talent pipeline while advancing AI-enabled delivery and workflow offerings.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$61.84Current
$44Low
$73.35Average
$107High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 1, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| TD Cowen | Hold | Hold | Maintain | Sep 18, 2026 |
| Deutsche Bank | Buy | Buy | Maintain | Sep 18, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Jul 30, 2026 |
| Susquehanna | Positive | Positive | Maintain | Jul 30, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Jul 30, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Jul 30, 2026 |
| Guggenheim | Buy | Buy | Maintain | Jul 27, 2026 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Jul 24, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Jul 24, 2026 |
| Baird | Neutral | Neutral | Maintain | Jul 10, 2026 |
| Wedbush | Outperform | Neutral | Upgrade | Jun 8, 2026 |
| Mizuho | Neutral | Neutral | Maintain | May 6, 2026 |
| UBS | Neutral | Neutral | Maintain | Apr 13, 2026 |
| William Blair | Outperform | Market Perform | Upgrade | Nov 21, 2025 |
| TD Securities | Hold | Hold | Maintain | May 1, 2025 |
| Needham | Hold | Hold | Maintain | May 1, 2025 |
| BMO Capital | Market Perform | Market Perform | Maintain | May 1, 2025 |
| Barclays | Overweight | Overweight | Maintain | Apr 25, 2025 |
| Goldman Sachs | Neutral | Neutral | Maintain | Sep 12, 2024 |
| B of A Securities | Neutral | Underperform | Upgrade | Aug 7, 2024 |
| Evercore ISI Group | In Line | In Line | Maintain | Mar 26, 2024 |
| Jefferies | Buy | Hold | Upgrade | Jan 11, 2024 |
| Societe Generale | Sell | Hold | Downgrade | Jan 5, 2024 |
| Wolfe Research | Peer Perform | Underperform | Upgrade | Jan 4, 2024 |
| HSBC | Buy | Hold | Upgrade | May 5, 2023 |
| MoffettNathanson | Underperform | Market Perform | Downgrade | Jan 19, 2023 |
| Cowen & Co. | Market Perform | Outperform | Downgrade | Jul 28, 2022 |
| Berenberg | Hold | Hold | Maintain | Feb 2, 2021 |
| Credit Suisse | Outperform | Outperform | Maintain | Dec 29, 2020 |
| Atlantic Equities | Underweight | Underweight | Maintain | Feb 19, 2020 |
| Ambit Capital | Sell | Sell | Maintain | Dec 23, 2019 |
| Edward Jones | Buy | Hold | Upgrade | Nov 11, 2019 |
| Argus Research | Hold | Buy | Downgrade | May 10, 2019 |
| Argus | Hold | Buy | Downgrade | May 10, 2019 |
| Keybanc | Overweight | Downgrade | May 3, 2019 | |
| Bernstein | Outperform | Market Perform | Upgrade | Jan 25, 2019 |
| Bank of America | Underperform | Underperform | Maintain | Nov 2, 2018 |
| Nomura | Neutral | Neutral | Maintain | Feb 8, 2018 |
| Pivotal Research | Buy | Buy | Maintain | Nov 8, 2017 |
| Loop Capital | Buy | Hold | Upgrade | Aug 4, 2017 |
| SunTrust Robinson Humphrey | Buy | Hold | Upgrade | Apr 13, 2017 |
| CLSA | Buy | Buy | Maintain | Sep 14, 2016 |
| Pacific Crest | Overweight | Overweight | Maintain | Jul 12, 2016 |
| Sterne Agee CRT | Neutral | Neutral | Maintain | Dec 17, 2015 |
| Oppenheimer | Outperform | Outperform | Maintain | May 4, 2015 |
| Tigress Financial | Buy | Buy | Maintain | Oct 17, 2013 |
| Evercore Partners | Overweight | Overweight | Maintain | Apr 15, 2013 |
| PiperJaffray | Overweight | Overweight | Maintain | Nov 23, 2012 |
| Piper Sandler | Overweight | Overweight | Maintain | Nov 23, 2012 |
| BGB Securities | Hold | Hold | Maintain | May 7, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $61.84. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Mizuho Securities | Dan Dolev | $64 | $55.78 | +3.5% | Aug 6, 2026 |
| Susquehanna | Analyst unavailable | $82 | $52.4 | +32.6% | Jul 30, 2026 |
| Robert W. Baird | Analyst unavailable | $68 | $52.39 | +10.0% | Jul 30, 2026 |
| Morgan Stanley | James Faucette | $51 | $52.24 | -17.5% | Jul 30, 2026 |
| Guggenheim | Analyst unavailable | $65 | $45.45 | +5.1% | Jul 27, 2026 |
| RBC Capital | Analyst unavailable | $55 | $43.01 | -11.1% | Jul 24, 2026 |
| RBC Capital | Daniel Perlin | $47 | $43.01 | -24.0% | Jul 24, 2026 |
| Deutsche Bank | Analyst unavailable | $55 | $43.4 | -11.1% | Jul 10, 2026 |
| Robert W. Baird | Analyst unavailable | $55 | $43.4 | -11.1% | Jul 10, 2026 |
| Wells Fargo | Analyst unavailable | $61 | $43.4 | -1.4% | Jul 10, 2026 |
| Morgan Stanley | Analyst unavailable | $44 | $41.83 | -28.9% | Jun 23, 2026 |
| Berenberg Bank | Analyst unavailable | $59 | $51.05 | -4.6% | Jun 17, 2026 |
| Wedbush | Steven Wahrhaftig | $70 | $53.21 | +13.2% | Jun 8, 2026 |
| Truist Financial | Arvind Ramnani | $66 | $55.76 | +6.7% | Jun 1, 2026 |
| Mizuho Securities | Analyst unavailable | $68 | $51.87 | +10.0% | May 6, 2026 |
| Susquehanna | Analyst unavailable | $88 | $52.9 | +42.3% | May 1, 2026 |
| Morgan Stanley | James Faucette | $63 | $52.42 | +1.9% | Apr 30, 2026 |
| Wedbush | Analyst unavailable | $56 | $54.7 | -9.5% | Apr 30, 2026 |
| Goldman Sachs | Analyst unavailable | $75 | $54.7 | +21.3% | Apr 29, 2026 |
| Morgan Stanley | Analyst unavailable | $70 | $55.08 | +13.2% | Apr 27, 2026 |
| Robert W. Baird | Analyst unavailable | $72 | $57.44 | +16.4% | Apr 10, 2026 |
| Wedbush | Analyst unavailable | $61 | $59.2 | -1.4% | Apr 9, 2026 |
| UBS | Analyst unavailable | $71 | $61.02 | +14.8% | Mar 13, 2026 |
| BMO Capital | Analyst unavailable | $83 | $69.56 | +34.2% | Feb 12, 2026 |
| Mizuho Securities | Dan Dolev | $87 | $77.08 | +40.7% | Feb 9, 2026 |
| Morgan Stanley | Analyst unavailable | $82 | $76.71 | +32.6% | Feb 5, 2026 |
| BMO Capital | Analyst unavailable | $96 | $83.3 | +55.2% | Jan 29, 2026 |
| Guggenheim | Jonathan Lee | $100 | $84.65 | +61.7% | Jan 28, 2026 |
| Deutsche Bank | Analyst unavailable | $100 | $84.18 | +61.7% | Jan 26, 2026 |
| Susquehanna | James Friedman | $98 | $84.54 | +58.5% | Jan 23, 2026 |
| Berenberg Bank | Meha Pau | $107 | $84.03 | +73.0% | Jan 22, 2026 |
| Wells Fargo | Analyst unavailable | $98 | $84.47 | +58.5% | Jan 14, 2026 |
| UBS | Analyst unavailable | $82 | $80.72 | +32.6% | Dec 8, 2025 |
| UBS | Analyst unavailable | $78 | $71.82 | +26.1% | Oct 30, 2025 |
| Mizuho Securities | Dan Dolev | $85 | $71.69 | +37.4% | Oct 30, 2025 |
| Goldman Sachs | James Schneider | $84 | $67.82 | +35.8% | Oct 29, 2025 |
| Wells Fargo | Jason Kupferberg | $82 | $68.77 | +32.6% | Oct 21, 2025 |
| Guggenheim | Jonathan Lee | $85 | $66.7 | +37.4% | Oct 21, 2025 |
| Barclays | Ramsey El-Assal | $95 | $80.06 | +53.6% | Dec 17, 2024 |
| Mizuho Securities | Dan Dolev | $83 | $74.98 | +34.2% | Oct 29, 2024 |
| Deutsche Bank | Bryan Keane | $80 | $76.87 | +29.4% | Oct 22, 2024 |
| Goldman Sachs | James Schneider | $76 | $76.3 | +22.9% | Sep 11, 2024 |
| RBC Capital | Daniel Perlin | $82 | $77.27 | +32.6% | Aug 28, 2024 |
| Bank of America Securities | Jason Kupferberg | $75 | $72.65 | +21.3% | Aug 7, 2024 |
| BMO Capital | Keith Bachman | $85 | $75.68 | +37.4% | Aug 1, 2024 |
| Goldman Sachs | James Schneider | $72 | $68.34 | +16.4% | Jun 24, 2024 |
| Deutsche Bank | Bryan Keane | $70 | $67.25 | +13.2% | Jun 10, 2024 |
| BMO Capital | Keith Bachman | $77 | $65.68 | +24.5% | Apr 30, 2024 |
| Morgan Stanley | James Faucette | $65 | $69.26 | +5.1% | Apr 12, 2024 |
| Jefferies | Surinder Thind | $85 | $74.88 | +37.4% | Jan 11, 2024 |
| Susquehanna | Analyst unavailable | $91 | $69.04 | +47.1% | Feb 3, 2023 |
| Morgan Stanley | Analyst unavailable | $60 | $70.66 | -3.0% | Feb 3, 2023 |
| UBS | Rayna Kumar | $68 | $64.06 | +10.0% | Jan 15, 2023 |
| BMO Capital | Analyst unavailable | $71 | $65.1 | +14.8% | Jan 13, 2023 |
| J.P. Morgan | Analyst unavailable | $62 | $58.23 | +0.3% | Dec 15, 2022 |
| Barclays | Ramsey El-Assal | $45 | $52.63 | -27.2% | Nov 6, 2022 |
| BMO Capital | Keith Bachman | $65 | $51.96 | +5.1% | Nov 3, 2022 |
| RBC Capital | Daniel Perlin | $66 | $51.96 | +6.7% | Nov 3, 2022 |
| BMO Capital | Keith Bachman | $65 | $60.26 | +5.1% | Nov 3, 2022 |
| RBC Capital | Daniel Perlin | $66 | $60.26 | +6.7% | Nov 3, 2022 |
| Robert W. Baird | David Koning | $66 | $60.26 | +6.7% | Nov 3, 2022 |
| UBS | Rayna Kumar | $62 | $51.96 | +0.3% | Nov 3, 2022 |
| HSBC | Yogesh Aggarwal | $79 | $68.95 | +27.7% | Aug 17, 2022 |
| RBC Capital | Daniel Perlin | $88 | $67.07 | +42.3% | Jul 28, 2022 |
| Robert W. Baird | David Koning | $84 | $69.44 | +35.8% | Jul 27, 2022 |
| Morgan Stanley | James Faucette | $75 | $69.21 | +21.3% | Jul 22, 2022 |
| Morgan Stanley | James Faucette | $90 | $84.36 | +45.5% | May 5, 2022 |
| BMO Capital | Keith Bachman | $100 | $89.17 | +61.7% | Feb 8, 2022 |
| Morgan Stanley | James Faucette | $95 | $86.94 | +53.6% | Jan 13, 2022 |
| Goldman Sachs | Brian Essex | $104 | $86.42 | +68.2% | Jan 9, 2022 |
| Susquehanna | James Friedman | $100 | $81.74 | +61.7% | Nov 19, 2021 |
| UBS | Diviya Nagarajan | $58.5 | $72.89 | -5.4% | Aug 4, 2021 |
| Societe Generale | Richard Nguyen | $92 | $73.25 | +48.8% | Jul 29, 2021 |
| Nomura | Rishit Parikh | $80 | $73.25 | +29.4% | Jul 29, 2021 |
| HSBC | Yogesh Aggarwal | $90 | $67.49 | +45.5% | Jul 22, 2021 |
Track every rating change on CTSH the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationCognizant Technology Solutions Corporation functions as a global professional services firm, delivering a comprehensive suite of consulting, technology, and outsourcing solutions across North America, Europe, and other international markets. Its operations are structured into four primary divisions: Financial Services, Healthcare, Products and Resources, and Communications, Media and Technology. Within the Financial Services sector, Cognizant provides advanced services such as enhancing customer experiences, implementing robotic process automation (RPA), and leveraging analytics and artificial intelligence (AI) to address needs in areas like digital lending, fraud prevention, and modern payment systems. For its Healthcare clients, the company focuses on navigating industry shifts toward consumer-centric models, outcome-based agreements, and digital health initiatives, striving to deliver an integrated, seamless, and patient-focused omnichannel experience.…
Historical context
All CTSH earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| JBL Jabil Inc. | FY2026 Q4 · Calendar Q3 2026 | +8.1% | -10.0% | Jabil enters FY2027 with AI-led growth and capacity risks |
| MU Micron Technology, Inc. | FY2026 Q4 · Calendar Q3 2026 | +5.4% | +0.0% | Micron: Strong AI Memory Demand, Higher Capex, and HBM4E Ahead |
| SNX TD Synnex Corp | FY2026 Q3 · Calendar Q3 2026 | +20.9% | -9.9% | TD SYNNEX: AI-led growth accelerates, but mix and cash flow matter |
| ADBE Adobe Inc. | FY2026 Q3 · Calendar Q3 2026 | +0.8% | +1.4% | Adobe raises FY26 outlook as AI strategy broadens |
| ORCL Oracle Corporation | FY2027 Q1 · Calendar Q3 2026 | +10.3% | -1.7% | Oracle raises FY27 outlook as AI demand accelerates cloud growth |
| SAIL SailPoint, Inc. | FY2027 Q2 · Calendar Q3 2026 | +13.8% | -1.2% | SailPoint pairs 25% ARR growth with accelerating AI-driven adoption |
Latest beats and misses
Who reports nextBeat on EPS
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
- MUFY2026 Q4 · September 30, 2026+5.4% EPS+0.0% move
- CCLFY2026 Q3 · September 29, 2026+5.9% EPS+13.4% move
- COSTFY2026 Q4 · September 24, 2026+3.2% EPS+2.9% move
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:36:15.940040+00:00
- Polygon adjusted daily market bars · 2026-10-01T16:26:07.082879+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-01T16:26:07.079938+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-01. For educational purposes only; not investment advice.