secwatch.observer — SEC 8-K summary
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Issuer:     Kyndryl Holdings, Inc. (KD)
CIK:        0001867072
Form:       8-K
Filed at:   2026-08-05T11:23:01+00:00
Accession:  0001104659-26-090725
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kyndryl Q1 FY2027: net loss $55M vs prior-year net income $56M; reaffirms FY outlook
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- Revenue $3.6B, down 3% YoY; pretax loss $69M vs pretax income $92M a year ago.
- Adjusted net loss $26M ($0.12/diluted share) vs adjusted net income $90M ($0.37) in prior year.
- Workforce rebalancing charges of $152M; expects ~$200M in FY2027 with $400-500M annualized savings in FY2028.
- Signings TTM $14.2B; Kyndryl Consult revenue +10% YoY; hyperscaler-related revenue +34% YoY to $530M+.
- Reaffirms FY2027 outlook: adjusted pretax income $600-700M, free cash flow $400-500M, revenue flat to -2% constant currency.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1867072/000110465926090725/0001104659-26-090725-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1867072/000110465926090725/kd-20260805x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-090725

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer