secwatch.observer — SEC 8-K summary
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Issuer:     Kyndryl Holdings, Inc. (KD)
CIK:        0001867072
Form:       8-K
Filed at:   2026-05-06T23:59:59+00:00
Accession:  0001104659-26-055902
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 2.05, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kyndryl reports FY2026 results and $200M workforce rebalancing; FY2027 adj pretax guidance $600-700M
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- FY2026 revenue $15.1B flat YoY; net income $198M ($0.85 diluted); adjusted EPS $1.46.
- Q4 revenue $3.8B down 1%; net income $17M ($0.08 diluted); adjusted pretax $162M vs $185M.
- FY2027 outlook: adjusted pretax income $600-700M, FCF $400-500M, constant-currency revenue flat to -2%.
- Approved workforce rebalancing charges of ~$200M, expected to yield $400-500M annualized savings by FY2028.
- Repurchased 11.6M shares for $304M in FY2026; $302M remaining under program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1867072/000110465926055902/0001104659-26-055902-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1867072/000110465926055902/kd-20260505x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-055902

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