---
schema_version: "secwatch.filing_event.v1"
accession: "0001058290-26-000018"
form_type: "8-K"
ticker: "CTSH"
cik: "0001058290"
company_name: "COGNIZANT TECHNOLOGY SOLUTIONS CORP"
filed_at: "2026-05-18T12:05:48+00:00"
generated_at: "2026-05-18T12:12:14.011609+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cognizant increases 2026 share repurchase target by $1B to $2B; board adds $2B to authorization

## Summary
- Board approved $2B increase to repurchase authorization; remaining capacity ~$3.45B as of May 17, 2026.
- 2026 repurchase target raised by $1B to $2B, with an additional $1B expected to be completed in Q2 2026.
- Company will draw $1B from its revolving credit facility to fund buybacks, citing anticipated Astreya acquisition closing.
- CEO Ravi Kumar S says share price significantly undervalues prospects; reiterates focus on AI-led transformation.

## SEC filing metadata
- accession: 0001058290-26-000018
- form_type: 8-K
- ticker: CTSH
- cik: 0001058290
- company_name: COGNIZANT TECHNOLOGY SOLUTIONS CORP
- filed_at: 2026-05-18T12:05:48+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1058290/000105829026000018/0001058290-26-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1058290/000105829026000018/ctsh-20260517.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001058290-26-000018
- JSON: https://secwatch.observer/filing/0001058290-26-000018.json
- Plain text: https://secwatch.observer/filing/0001058290-26-000018.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.