Times of India | Cognizant ups 2026 share buyback target by $1bn AI generated summary, Read the full article for complete information. Cognizant’s board has raised its 2026 share‑buyback target to $2 billion, adding $1 billion to its existing repurchase programme to be completed by the September quarter of 2026, which lifted the stock about 6 % in early Nasdaq trading. Despite the boost, the shares remain pressured, down roughly 39 % over the past year, with market capitalisation around $22.3 billion—near the lower end of its FY‑26 revenue guidance of $22.1‑$22.6 billion. CEO Ravi Kumar S said the larger buyback reflects strong conviction in the long‑term AI opportunity and Cognizant’s role as an AI builder, while CFO Jatin Dalal stressed that a solid balance sheet and robust free cash flow give the company flexibility to return capital to shareholders and continue investing in growth, including strategic M&A. Read more: https://timesofindia.indiatimes.com/business/india-business/cognizant-ups-2026-share-buyback-target-by-1bn/articleshow/131188707.cms #Cognizant #Nasdaq #RaviKumar #JatinDalal #AI #RaviKumarS