Cognizant trims FY26 revenue outlook after Q3 bookings drop
In short
Cognizant cut the top end of its FY26 revenue forecast after Q3 bookings fell 7%. It also said December-quarter revenue should be $5.49 billion to $5.57 billion, equal to 3.2% to 4.7% growth in constant currency.
The move points to a weaker near-term outlook for the IT services company. The reporting does not say what caused the bookings drop.
What the reporting says
Cognizant cut the upper end of its FY26 revenue guidance after Q3 bookings fell 7%, according to the headline and publisher summary. The company also said December-quarter revenue should be between $5.49 billion and $5.57 billion, implying constant-currency growth of 3.2% to 4.7%. The immediate impact is a softer outlook for investors, while the reporting does not say why bookings weakened.
Why it matters
Cognizant lowered the top end of its FY26 revenue guidance after Q3 bookings fell 7%, and it guided December-quarter revenue to $5.49 billion-$5.57 billion. That points to softer demand visibility for the company and may matter to investors watching its growth rate. The available reporting does not explain the booking decline or give further detail on segment performance.