Kyndryl reaffirms its outlook for its fiscal 2026, which runs from April 2025 to March 2026: Adjusted pretax income of at least $725 million, representing a year-over-year increase of at least $243M. Adjusted EBITDA margin of approximately 18%, representing a year-over-year increase of approximately 130 basis points. Free cash flow of approximately $550M, reflecting cash taxes of approximately $175M. Constant-currency revenue growth of 1%. The company’s full-year outlook reflects second-half revenue that is expected to be stronger than first-half revenue, driven by a larger revenue contribution from opening backlog, accelerated growth in Kyndryl Consult and hyperscaler-related revenue, and a record pipeline of in-process deals.
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