---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-013603"
form_type: "8-K"
ticker: "KD"
cik: "0001867072"
company_name: "Kyndryl Holdings, Inc."
filed_at: "2023-08-07T23:59:59+00:00"
generated_at: "2026-06-12T04:59:01.172635+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Kyndryl Q1 FY2024: rev $4.2B, adj. EBITDA $612M (+25% YoY), raises FY EBITDA margin outlook to ~14%

## Summary
- Revenues $4.2B, down 2% YoY; net loss $141M ($0.62 loss per diluted share).
- Adjusted EBITDA $612M (+25% YoY); adjusted pretax income $47M (vs -$50M prior-year period).
- Raises FY2024 adjusted EBITDA margin outlook to ~14% (from 12-13%) and adj. pretax income to at least $100M.
- Cloud hyperscaler alliance revenue >$80M in Q1; target >$300M for FY2024.
- Advanced Delivery savings ~$375M annualized; Accounts initiative benefits >$300M annualized; both on track for $400M+ goals.

## SEC filing metadata
- accession: 0001558370-23-013603
- form_type: 8-K
- ticker: KD
- cik: 0001867072
- company_name: Kyndryl Holdings, Inc.
- filed_at: 2023-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1867072/000155837023013603/0001558370-23-013603-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1867072/000155837023013603/kd-20230807x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-013603
- JSON: https://secwatch.observer/filing/0001558370-23-013603.json
- Plain text: https://secwatch.observer/filing/0001558370-23-013603.txt

## Key facts
- Earnings Releases
  Kyndryl Holdings, Inc. reported the first fiscal quarter ended June 30, 2023 results: revenue $4.2 billion, net income net loss of $141 million, EPS ($0.62) per diluted share.
  - Period: the first fiscal quarter ended June 30, 2023
  - Revenue: $4.2 billion
  - Net income: net loss of $141 million
  - EPS: ($0.62) per diluted share
  - Result: reported results
  source text: For the first quarter, Kyndryl reported revenues of $4.2 billion, a year-over-year decline of 2% and 1% in constant currency. The Company reported a pretax loss of $109 million and a net loss of $141 million, or ($0.62) per diluted share, in the quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/1867072/000155837023013603/0001558370-23-013603-index.htm
- Earnings Releases
  Kyndryl Holdings, Inc. updated its fiscal year 2024 guidance (raised).
  - Period: fiscal year 2024
  - Guidance: raised
  - Result: guidance update
  source text: Kyndryl is raising its fiscal 2024 adjusted EBITDA margin outlook to approximately 14% from its prior projection of 12% – 13%, and now expects its fiscal 2024 adjusted pretax income to be at least $100 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1867072/000155837023013603/0001558370-23-013603-index.htm

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