Reading KD? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track KD free→Reading KD? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track KD free→NYSEInformation TechnologyInformation Technology ServicesSnapshot 2026-06-16
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
Recent financial performance is strong, and earnings quality is robust, cash backs up reported profits. Management's recent track record has been fairly steady, while risk is high. The sector backdrop is a tailwind, and compared with sector peers, KD is typical. Peer multiples imply a price about 16% above where it trades (it looks cheap on this basis); the read is fair, quality intact. This assessment is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 7 valuation methods, at three horizons. Current price $12.03. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $12 KD trades at 8× p/e, below its 10× p/e peer median. Our $14 fair value sits above the price; medium confidence. Analysts: $13–$15. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The price sits about 16% below a flat-multiple fair value; not enough history to forecast a comparison. This describes what's priced in, not a forecast of the move.
No fragility gates fired. Regime (Mania) does not concentrate fragility.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Information Technology names rated strong grew net income 73% of the time over the next year (vs 58% for the rest of the cohort, n=2777).
Over the trailing year it converted 2.92x of net income into operating cash flow. Historically, Information Technology names rated robust grew net income 69% of the time over the next year (vs 55% for the rest of the cohort, n=2129).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, Fed net liquidity, long-term interest rates, real (inflation-adjusted) rates.
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $0.50 → $-0.06 (-111.6% / 30d). 0 raised, 4 cut, 5 covering analysts.
0 upgrades, 1 downgrade / 30d, 0 maintained. 0% of analysts rate Buy.
1 PT revisions / 30d. Avg target 7.2% above current price.
Divergence: fundamentals are strong but estimates are being cut. Worth reading the recent material events.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$223.
How much price usually moves either way.
On a bad day, this stock has moved -$476.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $7,560.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-16
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: Cash from operations is key for Kyndryl's financial health. It shows how well the company is managing its cash flow.
Confirms:Q2 cash from operations goes up from the last quarter.
Disproves:Q2 cash from operations goes down or stays the same from the last quarter.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
Acquisition block undermines growth strategy.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
of Form 8-K and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
$13.00 – $15.00 (median $15.00) · 3 analysts · as of 2026-05-21
Looks cheaper than most peers in the same business.
Around its own typical valuation.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus IT Consulting & Other Services.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
KD Kyndryl | Typical Show detailsSector percentile: 35 of 100 | fair | high |
IBM IBM | Typical Show detailsSector percentile: 37 of 100 | expensive | moderate |
ACN Accenture | Above typical Show detailsSector percentile: 98 of 100 | full | elevated |
CTSH Cognizant | Above typical Show detailsSector percentile: 92 of 100 | fair | elevated |
APLD APPLIED DIGITAL CORPORATION | Below typical Show detailsSector percentile: 22 of 100 | expensive | high |
3 material management or governance events in the past 24 months, led by executive changes. Historically, Information Technology names rated neutral grew net income 64% of the time over the next year (vs 57% for the rest of the cohort, n=1040).
Not investment advice. As of 2026-06-16.
via XLK
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-16.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Implement workforce rebalancing actions to optimize financial and operational efficiency.
Focus on improving cash flow from operating activities to enhance liquidity.
Why it matters: Earnings results will reveal if Kyndryl's strategies are working. Poor results could signal deeper issues.
Confirms one read:Earnings report shows a net income gain or improved cash flow.
Confirms the other:Earnings report reveals a net income loss or further declines in cash flow.
Why it matters: Updates on workforce changes show how Kyndryl is managing costs. This affects efficiency.
Confirms:There is news about changes in the workforce. These changes improve how the company works.
Disproves:More layoffs or issues with employee morale have been reported.
Why it matters: An increase in cash from operations shows better liquidity and financial health. This is critical for Kyndryl's future.
Confirms:Cash from operations goes above $200M in the next quarter.
Disproves:Cash from operations keeps falling or stays below $145M.
Why it matters: Updates on workforce changes will show if Kyndryl is doing better. Slow progress may hurt profits.
Confirms:Management says they made changes to the workforce. These changes will save money.
Disproves:No updates or more losses in net income due to poor workforce changes.
Why it matters: If revenue growth falls below the median, it could signal a slowdown in Kyndryl's performance.
Confirms:Kyndryl's revenue growth drops below the sector median growth rate.
Disproves:Kyndryl maintains or exceeds the sector median growth rate.
Costs Associated with Exit or Disposal Activities On May 5, 2026, the Company approved, as part of its ongoing efforts to further streamline operations, workforce rebalancing actions designed to optimize and support the Company’s financial and operational efficiency. This gives authorization for management teams to implement workforce rebalancing actions in various jurisdictions, as appropriate. Decisions regarding any workforce rebalancing would be evaluated on an ongoing basis, determined…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. This Form 8-K/A amends the Form 8-K filed by Kyndryl Holdings, Inc. (the “Company”) on February 9, 2026 (the “Original 8-K”). As disclosed in the Original 8-K, Harsh Chugh was appointed as Interim Chief Financial Officer and Bhavna Doegar was appointed as Interim Corporate Controller of the Company, in each case effective as of February 5, 2026. Th…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 5, 2026, the Board of Directors of Kyndryl Holdings, Inc. (the “Company”) appointed Harsh Chugh as Interim Chief Financial Officer of the Company, and Bhavna Doegar as Interim Corporate Controller of the Company, effective immediately. Prior to the appointment described above, Mr. Chugh, 54, was appointed as the Company’s Global Head of…
of Form 8-K and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.