---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-000981"
form_type: "8-K"
ticker: "KD"
cik: "0001867072"
company_name: "Kyndryl Holdings, Inc."
filed_at: "2023-02-07T23:59:59+00:00"
generated_at: "2026-06-19T23:12:52.150469+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Kyndryl Q3 revenue $4.3B, net loss $106M; raises FY revenue outlook

## Summary
- Revenue $4.3B, down 6% YoY but up 3% constant currency; net loss $106M ($0.47/diluted), improved from $731M loss a year ago.
- Adjusted pretax loss of $4M; adjusted EBITDA $580M, down from $679M pro forma, hurt by ~$125M in currency headwinds.
- Cloud hyperscaler signings total ~$750M in 9 months, on track for $1B target; 31,900 hyperscaler certifications (+98% YoY).
- Raised FY 2023 revenue outlook to $16.8-17.0B; reaffirmed adjusted EBITDA margin of 11-12% and adjusted pretax margin of (2%)-(1%).
- Operating cash flow $769M and adjusted free cash flow $407M in the 9 months; continued progress on 3-A initiatives.

## SEC filing metadata
- accession: 0001558370-23-000981
- form_type: 8-K
- ticker: KD
- cik: 0001867072
- company_name: Kyndryl Holdings, Inc.
- filed_at: 2023-02-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1867072/000155837023000981/0001558370-23-000981-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1867072/000155837023000981/kd-20230207x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-000981
- JSON: https://secwatch.observer/filing/0001558370-23-000981.json
- Plain text: https://secwatch.observer/filing/0001558370-23-000981.txt

## Key facts
- Earnings Releases
  Kyndryl Holdings, Inc. reported third fiscal quarter ended December 31, 2022 results: revenue $4.3 billion, net income $106 million loss, EPS $0.47 per diluted share loss. Guidance reaffirmed.
  - Period: third fiscal quarter ended December 31, 2022
  - Revenue: $4.3 billion
  - Net income: $106 million loss
  - EPS: $0.47 per diluted share loss
  - Guidance: reaffirmed
  - Result: reported results
  source text: For the third quarter, Kyndryl reported revenues of $4.3 billion, a year-over-year decline of 6% and a 3% increase in constant currency. Compared to prior-year pro forma revenues, revenues declined 6% and increased 2% in constant currency. The Company reported a pretax loss of $138 million and a net loss of $106 million , or $0.47 per diluted share, in the quarter, compared to a net loss of $731 million in the prior-year period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1867072/000155837023000981/0001558370-23-000981-index.htm

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