Filing Flows › Kyndryl Holdings (KD) › Q2 FY27
Kyndryl Holdings (KD) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Nov 4, 2026
Kyndryl Holdings (KD) reported revenue of $3.7B for the second quarter fiscal 2027 (Q2 FY27), -2% from a year earlier and +0.9% from the quarter before. Operating margin was 3.1%, net earnings $59.0M (1.6% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.7B | +0.9% | -2% |
| Operating profit | $112M | — | +14% |
| Net earnings | $59.0M | — | -13% |
| Operating cash flow | $173M | — | +18% |
What changed
Revenue was $3.7B in Q2 FY27, down 2% year over year and up 1% from the previous quarter. Principal Markets was the largest line at 32% of revenue. Principal Markets lost $0.08B year over year (down 6%), 110% of the total change.
Operating profit was $0.11B, a 3.1% margin (up 0.4 points year over year). Total costs fell 2% while revenue fell 2%. The fastest-growing cost line was Other operating costs (+73%). Net earnings were $0.06B, down 13% year over year. The effective tax rate was 47.3%.
Operating cash flow was $0.17B (up 18% year over year), 293% of net earnings. Non-cash charges added back $0.20B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.10B. Capital expenditures of $0.21B exceeded it, leaving free cash flow of −$0.04B.
Questions
What was Kyndryl Holdings' revenue in the second quarter fiscal 2027?
Kyndryl Holdings (KD) reported revenue of $3.7B for the second quarter fiscal 2027 (Q2 FY27), -2% from a year earlier and +0.9% from the quarter before.
Was Kyndryl Holdings profitable in the second quarter fiscal 2027?
Operating profit was $112M (3.1% of revenue) and net earnings $59.0M.
Source: Kyndryl Holdings 10-Q on SEC EDGAR.