---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-000813"
form_type: "8-K"
ticker: "KD"
cik: "0001867072"
company_name: "Kyndryl Holdings, Inc."
filed_at: "2024-02-06T23:59:59+00:00"
generated_at: "2026-06-06T08:31:28.947603+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Kyndryl reports Q3 FY2024 revenue $3.9B, adjusted EBITDA $615M +6% YoY, raises full-year adjusted outlook

## Summary
- Revenue $3.9B, down 9% YoY (10% constant currency); net loss $12M ($0.05 loss per diluted share), improved from $106M loss YoY.
- Adjusted EBITDA $615M, up 6% from $580M YoY; adjusted pretax income $63M vs prior-year loss of $4M.
- Raises FY2024 outlook: adjusted pretax income at least $150M, adjusted EBITDA margin at least 14.5%.
- Hyperscaler alliances revenue >$300M in first nine months, target raised to $400M; advanced delivery annualized savings ~$500M, on track for $550M.
- Kyndryl Consult revenue grew 12% YoY, 15% of total revenue; projected pretax margins on signings high-single-digit.

## SEC filing metadata
- accession: 0001558370-24-000813
- form_type: 8-K
- ticker: KD
- cik: 0001867072
- company_name: Kyndryl Holdings, Inc.
- filed_at: 2024-02-06T23:59:59+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/1867072/000155837024000813/0001558370-24-000813-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1867072/000155837024000813/kd-20240206x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-000813
- JSON: https://secwatch.observer/filing/0001558370-24-000813.json
- Plain text: https://secwatch.observer/filing/0001558370-24-000813.txt

## Key facts
- Earnings Releases
  Kyndryl Holdings, Inc. reported the third fiscal quarter ended December 31, 2023 results: revenue $3.9 billion, net income $12 million, EPS ($0.05) per diluted share. Guidance raised.
  - Period: the third fiscal quarter ended December 31, 2023
  - Revenue: $3.9 billion
  - Net income: $12 million
  - EPS: ($0.05) per diluted share
  - Guidance: raised
  - Result: reported results
  source text: ​ ​ Exhibit 99.1 ​ ​ KYNDRYL REPORTS THIRD QUARTER FISCAL 2024 RESULTS AND RAISES ITS FULL-YEAR OUTLOOK Strong execution on ‘three-A’s’ strategy drives earnings growth ● Revenues for the quarter ended December 31, 2023 total $3.9 billion, pretax income is $53 million, and net loss is $12 million ● Adjusted EBITDA is $615 million, and adjusted pretax income is $63 million ● Raises full-year adjusted earnings outlook NEW YORK, February 6, 2024 — Kyndryl Holdings, Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1867072/000155837024000813/0001558370-24-000813-index.htm

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