Cognizant Technology Solutions Corporation (CTSH) earnings on July 29, 2026

Before the market opens Q2 2026

More Cognizant Technology Solutions Corporation earnings

Prior outlook: No statistical edge

CTSH surged after raising its profit forecast, even though it lowered its sales outlook and gave a weak sales forecast for next quarter.

CTSH price around the earnings

55.97

Change: +11.1%

2026-07-29, 20:00 UTC

Start of the measured window End of the measured window
46.35 49.90 53.46 57.01 50.39
Price series around the eventClosing price per minute from before the event to the end of the measured window.
July 29, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • Starting price
Price series around the event

Prior thesis

Prior outlook: No statistical edge

Thesis published
Results released

Strong company numbers with 100% beat rate and +20% upside; Anthropic partnership catalyst. After a strong recent rise after extreme rally with sharp intraday decline.

Context analyzed before publication

Trend
Trajectory sharply improved then declined, indicating a significant run-up followed by a recent pullback from after a strong recent rise

Analysts

Evidence

Analyst consensus
Buy
Consensus average (1-5)
2.17
Analysts covering the stock
25
Average price target
60.38
Lowest price target
42
Highest price target
88
Upside to price target
20%
Quarterly earnings growth
-0.2%
Revenue growth
5.8%
Forward EPS
6.19
Trailing EPS
4.93
Analyst moves in the last 60 days
10
  • Strong buy: 2
  • Buy: 11
  • Hold: 16
  • Sell: 0
  • Strong sell: 0
Strong buy
2
Buy
11
Hold
16
Sell
0
Strong sell
0
  • July 27, 2026 · Guggenheim: Maintains rating (Buy → Buy)
  • July 24, 2026 · JP Morgan: Maintains rating (Overweight → Overweight)
  • July 24, 2026 · RBC Capital: Maintains rating (Sector Perform → Sector Perform)
  • July 13, 2026 · Citigroup: Maintains rating (Neutral → Neutral)
  • July 10, 2026 · Wells Fargo: Maintains rating (Overweight → Overweight)
  • July 10, 2026 · Baird: Maintains rating (Neutral → Neutral)
  • June 26, 2026 · TD Cowen: Maintains rating (Hold → Hold)
  • June 23, 2026 · Morgan Stanley: Maintains rating (Equal-Weight → Equal-Weight)
  • June 9, 2026 · Citigroup: Maintains rating (Neutral → Neutral)
  • June 8, 2026 · Wedbush: Upgrades rating (Neutral → Outperform)

News and sentiment

Evidence

Sentiment
Sentiment
Constructive
Mention volume
Low
Normalized volume
33%
News
Sources (8)

Technicals

Evidence

Price when the context was analyzed
50.27
Average true range (ATR)
4.4%
Distance to 52-week high
-45.1%
14-day change (14d)
+16.9%
30-day change (32d)
+25.7%
30-day relative strength
+24.2%
SPY change (32d)
+1.6%
Nearest support
50.07
Distance to nearest support
0.4%
Nearest resistance
50.49
Distance to nearest resistance
0.4%
Volume accumulation ratio (14d / 46d)
1
  • Mid: 50.07 (0.4% away, 0.09 ATR, 8 touches)
  • Minor: 49.73 (1.1% away, 0.24 ATR, 4 touches)
  • Minor: 49.36 (1.8% away, 0.41 ATR, 2 touches)
  • Mid: 50.49 (0.4% away, 0.1 ATR, 5 touches)
  • Mid: 50.91 (1.3% away, 0.29 ATR, 11 touches)
  • Minor: 51.41 (2.3% away, 0.52 ATR, 7 touches)

Trends

Evidence

Average earnings surprise
+4.4%
  • April 29, 2026: actual EPS 1.4 vs estimate 1.33 (surprise +5.0%)
  • February 4, 2026: actual EPS 1.35 vs estimate 1.32 (surprise +2.0%)
  • October 29, 2025: actual EPS 1.39 vs estimate 1.3 (surprise +6.7%)
  • July 30, 2025: actual EPS 1.31 vs estimate 1.26 (surprise +4.0%)

Expected move

Implied move
+3.3%
Source
Options chain

Reactions over its last 20 earnings

Median move
2.7%
75th percentile move
5.7%
90th percentile move
8.2%
Up / down moves
10 / 10
Average up move
+3.8%
Average down move
-4.4%

Monitoring and close

What Cognizant Technology Solutions Corporation reported

Status
Finished
Actual EPS1.37
EPS estimate1.38
EPS surprise-0.7%
Revenue$5,481 million
Revenue estimate$5,482 million
Revenue surprise-0.0%

Cognizant reports mixed Q2 results. Shares fall after Fed's divided decision to hold rates steady.

Sources (16)

Pre-market second reading after the results

Verdict
Missed expectations

Heading into the open, the figures don't clearly confirm the prior scenario. In past cases, 1576 instances showed a 75.6% outcome.

How the stock reacted

Consolidated
+11.1%
Max move
+13.2%

No verdict: the outlook took no direction, so there is nothing to score as a hit or a miss.