Kyndryl’s stock tumbles more than 50%. Here’s what’s gone wrong at the IT provider.

AirdropHarvester · 2026-02-10T15:29:15+00:00

Kyndryl has downgraded its outlook, replacing its CFO and initiating an accounting investigation, leading to a sharp decline in its stock. The company now anticipates a 2-3% revenue decline, down from a prior 1% growth forecast.

AirdropHarvester

2026-02-10 15:29:15

Abstract generation in progress

Kyndryl just slashed its outlook, suddenly changed its chief financial officer and announced an accounting investigation — and its stock is getting crushed.

The company, which handles information-technology infrastructure and was spun out of International Business Machines in 2021, expects revenue to decline 2% to 3% on a constant-currency basis for the fiscal year ending in March. The company previously had been predicting 1% growth.

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