Filing Flows › Kyndryl Holdings (KD) › Q2 FY27 › vs Q1 FY27
Kyndryl Holdings (KD) Q2 FY27 vs Q1 FY27 (quarter over quarter)
Kyndryl Holdings's revenue rose $33.0M (+0.9%) from $3.6B in Q1 FY27 to $3.7B in Q2 FY27. The biggest changes: Principal Markets −$85.0M (-7%); Strategic Markets +$71.0M (+8%); United States +$26.0M (+3%). Operating margin 3.1% against -1.9% (+5.0 pts).
Kyndryl Holdings, Q2 FY27: revenue $3.7B (-2% year over year), operating margin 3.1%, net earnings $59.0M, operating cash flow $173M. The chart draws each line against Q1 FY27, the increases inside each band.
Margins
| Q2 FY27 | Q1 FY27 | Change | |
|---|---|---|---|
| Operating margin | 3.1% | -1.9% | +5.0 pts |
| Net margin | 1.6% | -1.5% | +3.1 pts |
Every line
| Line | Q2 FY27 | Q1 FY27 | Change | % |
|---|---|---|---|---|
| Principal Markets | $1.2B | $1.3B | −$85.0M | -7% |
| United States | $980M | $954M | $26.0M | +3% |
| Strategic Markets | $939M | $868M | $71.0M | +8% |
| Japan | $555M | $534M | $21.0M | +4% |
| Revenue | $3.7B | $3.6B | $33.0M | +0.9% |
| Operating profit | $112M | −$69.0M | $181M | — |
| Costs & expenses | $3.5B | $3.7B | −$148M | -4% |
| Pre-tax earnings | $112M | −$69.0M | $181M | — |
| Cost of revenue | $2.8B | $2.8B | −$48.0M | -2% |
| SG&A | $669M | $668M | $1.0M | +0.1% |
| Other operating costs | $76.0M | $177M | −$101M | -57% |
| Net earnings | $59.0M | −$55.0M | $114M | — |
| Income tax | $53.0M | −$14.0M | $67.0M | — |
| Operating cash sources | $276M | $155M | $121M | +78% |
| Depreciation & amortization | $195M | $189M | $6.0M | +3% |
| Share-based compensation | $22.0M | $21.0M | $1.0M | +5% |
| Working capital & other | $103M | $465M | −$362M | -78% |
| Operating cash flow | $173M | −$310M | $483M | — |
| Capital expenditures | $214M | $149M | $65.0M | +44% |
| Negative free cash flow (OCF − capex) | $41.0M | $459M | −$418M | -91% |
Questions
How much did Kyndryl Holdings's revenue grow quarter over quarter in Q2 FY27?
Kyndryl Holdings's revenue rose $33.0M (+0.9%) from $3.6B in Q1 FY27 to $3.7B in Q2 FY27.
What drove Kyndryl Holdings's revenue change in Q2 FY27?
Principal Markets −$85.0M (-7%); Strategic Markets +$71.0M (+8%); United States +$26.0M (+3%).