Cognizant, US1924461023

Cognizant Technology Solutions stock reports AI deal and EPS lift

Published on 09/24/2026 at 13:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cognizant Technology Solutions stock stood at USD 59.14 on Nasdaq on September 23, 2026. Q2 revenue reached USD 5.5 billion and adjusted EPS rose 5 percent.

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Cognizant Technology Solutions (ISIN US1924461023) stood at USD 59.14 on Nasdaq on September 23, 2026, up 0.78 percent from the previous close. The company had a fresh AI catalyst on September 23, when Cognizant and Cognition announced expanded collaborative offerings built around Cognition's AI software engineer Devin, according to MarketScreener.

AI execution gets a new test

The announcement adds an operating proof point to Cognizant's AI strategy. A September 23 report cited production results from AI-driven engineering work with Odyssey Logistics, while the company also expanded automation offerings with Cognition.

The commercial question is whether these deployments translate into repeatable productivity gains and larger client commitments. Cognizant's Q2 2026 call showed seven large deals with total contract value above USD 100 million each, including three new logos, according to Yahoo Finance.

Q2 growth supports guidance

In Q2 2026, revenue grew 4.1 percent year over year in constant currency to USD 5.5 billion. Adjusted EPS reached USD 1.37, an increase of 5 percent year over year, while adjusted operating margin reached 16 percent, 40 basis points above the prior-year level, according to the same earnings-call transcript.

Management raised full-year adjusted EPS guidance to USD 5.70-5.82, implying 8-10 percent growth versus the earlier 7-9 percent range. Full-year revenue guidance calls for 4-5.5 percent constant-currency growth, while adjusted operating margin guidance remains 16-16.2 percent.

Price target moves to USD 70

Deutsche Bank raised its Cognizant price target from USD 65 to USD 70 on September 18, 2026, and kept a Buy rating, as reported by MarketScreener. The new target is USD 10 above the September 23 Nasdaq price, a gap of 16.91 percent.

The stock's 2026 picture remains uneven in market terms. Its September 23 price was 28.75 percent below its January 1 level, even as the latest quarter delivered higher revenue, EPS and margin. That contrast makes execution on AI-led contracts more important than the headline guidance alone.