COGNIZANT TECHNOLOGY SOLUTIONS CORP 8-K

What Happened

• On May 18, 2026, Cognizant Technology Solutions Corporation announced that its Board approved a $2.0 billion increase to the company’s existing stock repurchase program. With that increase, as of May 17, 2026, there is approximately $3.45 billion remaining under the authorization. Cognizant also increased the amount of shares it expects to repurchase in 2026 by $1.0 billion, to a total of $2.0 billion.

Key Details

• Board approved $2.0 billion increase to the repurchase authorization (announced May 18, 2026).
• After the increase, ~ $3.45 billion remained available to buy back as of May 17, 2026.
• 2026 repurchase expectation raised by $1.0 billion, to $2.0 billion in total.
• Announcement made via press release attached to the Form 8-K.

Why It Matters

• Share repurchases return capital to shareholders and typically reduce outstanding share count, which can support earnings per share (EPS) over time.
• The increase signals the Board’s commitment to using cash for share buybacks this year; investors should watch actual repurchase activity and cash flow in upcoming reports to see how quickly the company executes the program.