Kyndryl(NYSE) KD

Kyndryl Holdings, Inc. manages large computer systems for big companies. It keeps technology running for businesses like banks and stores. The company helps clients modernize their digital tools in 60 countries.

Building the World's Digital Backbone

• Kyndryl Consult: Advisory services that help businesses design and modernize their technology setups.
• Cloud Services: Management and modernization of computing resources hosted on internet-based platforms for enterprise clients.
• Core Enterprise: Maintenance of foundational IT systems and mainframes for large-scale business operations.
• Security and Resiliency: Protection of digital assets and planning for system recovery after technical failures.
• Network and Edge: Design and management of communication systems and computing done close to where data is created.

Big Moves and Smart Savings

• Sold a wholly-owned digital solutions subsidiary in the Principal Markets segment during the three months ended June 30, 2026.
• Initiated a workforce rebalancing program in early fiscal 2027 to lower annual expenses by $400 million to $500 million.
• Increased customer engagement through hyperscalers, which are large-scale cloud service providers.
• Completed the transition to an independent company following the separation from its former parent in October 2021.

Why Global Companies Trust Kyndryl

Kyndryl is the largest IT infrastructure services provider in the world and manages complex systems that require extreme reliability. It specializes in mission-critical operations for global industries like finance, telecommunications, and logistics.

Revenue and Profit Snapshot

• Revenue was $3.6 billion for the three months ended June 30, 2026, down 3% year over year.
• United States revenue reached $954 million for the three-month period ended June 30, 2026, up 5% year over year.
• Net loss was $55 million for the quarter ended June 30, 2026, compared to a $56 million profit in the prior-year period.
• Adjusted EBITDA was $447 million for the three months ended June 30, 2026, down 21% year over year.
• Customer signings rose 22% to $3.9 billion during the three-month period ended June 30, 2026.

The Shift to New Services

Kyndryl is evolving by reducing its reliance on low-margin legacy contracts from its time as a subsidiary. The company is pivoting toward higher-value consulting and modern cloud infrastructure management to drive its independent growth.