Filing Flows › Kyndryl Holdings (KD) › Q1 FY27
Kyndryl Holdings (KD) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Aug 5, 2026
Kyndryl Holdings (KD) reported revenue of $3.6B for the first quarter fiscal 2027 (Q1 FY27), -3% from a year earlier and -4% from the quarter before. Operating margin was -1.9%, net loss $55.0M (1.5% of revenue).
Kyndryl Holdings, Q1 FY27: revenue $3.6B (-3% year over year), operating margin -1.9%, net loss $55.0M, operating cash flow −$310M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.6B | -4% | -3% |
| Operating profit | −$69.0M | -152% | -175% |
| Net earnings | −$55.0M | -424% | -198% |
| Operating cash flow | −$310M | -162% | — |
What changed
Revenue was $3.6B in Q1 FY27, down 3% year over year and down 4% from the previous quarter. Principal Markets was the largest line at 35% of revenue. Principal Markets lost $0.09B year over year (down 7%), 75% of the total change.
Operating costs exceeded revenue by $0.07B, an operating margin of -1.9%. Total costs grew 1% against a revenue fall of 3%. The fastest-growing cost line was Other operating costs (+205%). The quarter ended with a net loss of $0.06B, after a profit of $0.02B the previous quarter.
Operating cash flow was −$0.31B. Non-cash charges added back $0.19B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.47B. Capital expenditures of $0.15B exceeded it, leaving free cash flow of −$0.46B.
Questions
What was Kyndryl Holdings' revenue in the first quarter fiscal 2027?
Kyndryl Holdings (KD) reported revenue of $3.6B for the first quarter fiscal 2027 (Q1 FY27), -3% from a year earlier and -4% from the quarter before.
Was Kyndryl Holdings profitable in the first quarter fiscal 2027?
Operating loss was $69.0M (-1.9% of revenue) and net loss $55.0M.
Source: Kyndryl Holdings 10-Q on SEC EDGAR.