Kyndryl Q2 Adjusted EBITDA Rises to $699M as Revenue Dips 1.9%
NEW YORK – November 04, 2026 -- Kyndryl (NYSE: KD) lifted adjusted EBITDA to $699 million in its fiscal second quarter ended September 30, 2026, up from $641 million a year earlier, even as revenue fell 1.9% to $3.7 billion. Revenue declined 0.8% in constant currency. The company reaffirmed its fiscal 2027 outlook.
Profit rises before charges, while net income and free cash flow weaken
Pretax income reached $112 million, compared with $98 million in the prior-year period. Adjusted pretax income rose to $150 million from $123 million.
Net income fell to $59 million, or $0.27 per diluted share, from $68 million, or $0.29. Adjusted net income increased to $92 million, or $0.42 per share, from $89 million, or $0.38.
Workforce rebalancing charges doubled to $38 million from $19 million. Cash provided by operations rose to $172 million from $147 million. Free cash flow was a use of $34 million, against a source of $22 million a year earlier.