---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-018010"
form_type: "8-K"
ticker: "KD"
cik: "0001867072"
company_name: "Kyndryl Holdings, Inc."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T17:39:12.079282+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Kyndryl Q2 FY2024: adjusted EBITDA +34%; raises pretax income guidance to ≥$140M

## Summary
- Revenue $4.1B (-3% YoY); net loss $142M ($0.62/sh) vs $281M loss prior year.
- Adjusted EBITDA $574M (+34% YoY); adjusted pretax income $25M vs ($102M) loss.
- Raises FY2024 adjusted pretax income outlook to ≥$140M; adjusted EBITDA margin ~14.5%.
- Hyperscaler alliance revenue $180M H1; Advanced Delivery savings target raised to $550M annualized.
- Kyndryl Consult revenue +19% YoY; separation costs $48M, expected to end this year.

## SEC filing metadata
- accession: 0001558370-23-018010
- form_type: 8-K
- ticker: KD
- cik: 0001867072
- company_name: Kyndryl Holdings, Inc.
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1867072/000155837023018010/0001558370-23-018010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1867072/000155837023018010/kd-20231107x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-018010
- JSON: https://secwatch.observer/filing/0001558370-23-018010.json
- Plain text: https://secwatch.observer/filing/0001558370-23-018010.txt

## Key facts
- Earnings Releases
  Kyndryl Holdings, Inc. updated its second fiscal quarter ended September 30, 2023 guidance (raised).
  - Period: second fiscal quarter ended September 30, 2023
  - Guidance: raised
  - Result: reported results
  source text: On November 7, 2023, Kyndryl Holdings, Inc. (the “Company”) issued a press release announcing the results of the Company’s operations for the second fiscal quarter ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1867072/000155837023018010/0001558370-23-018010-index.htm

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