Cognizant raises 2026 share buyback target to $2B

Cognizant Technology Solutions has increased its share repurchase target for 2026 from $1 billion to $2 billion, alongside an additional $2 billion authorized for its stock buyback program.

The company plans to complete the initial $1 billion in repurchases by the second quarter of 2026.

Cognizant is also set to use $1 billion from its revolving credit facility to finance the acquisition of Astreya.

Following these announcements, Cognizant's stock rose by 0.85% in premarket trading.

Recommendation Rating: Positive Outlook

Cognizant Technology Solutions (CTSH) announced on Monday that it has increased its share repurchase target for 2026, elevating it from $1 billion to an impressive $2 billion. Additionally, the company has sanctioned an extra $2 billion under its ongoing stock buyback program. The firm anticipates completing the $1 billion in planned repurchases during the second quarter of 2026.

Furthermore, Cognizant intends to utilize $1 billion from its revolving credit facility to facilitate the anticipated closing of its recently announced acquisition of Astreya. In premarket trading, Cognizant's stock has risen by 0.85%.