Cognizant increases its 2026 share repurchase target by $1B and approves an additional $2B under its buyback program.
Cognizant Technology Solutions Corp (CTSH) raised its 2026 share repurchase target to $2 billion from $1 billion previously. The company also approved an additional $2 billion under its existing stock buyback program.
The move follows a prior $1 billion buyback plan and reflects the company’s confidence in its cash flow and financial position. No specific timeline was provided for the additional repurchases.
Shares of Cognizant were not immediately impacted in after-hours trading.