Key Highlights

● Second-quarter revenue rose 21.9% to US$142.8 million, or 14.1% at constant currency.

● Adjusted EBITDA fell 11.8% to US$19.0 million, a 13.3% margin against 18.4%.

● The company guides to 2026 revenue of US$565.5 million to US$577.8 million.

● Cash was US$53.4 million at 30 June against loans and borrowings of US$135.8 million.

Latest verified development

CI&T Inc (NYSE:CINT), the Brazil-founded digital technology services group, reported second-quarter 2026 results on 11 August. Revenue was US$142.8 million, up 21.9% from US$117.2 million a year earlier. The company described the growth as organic, but the reconciliation in the release shows 21.9% as reported growth and 14.1% at constant currency, so the currency effect was material.

Chief executive Cesar Gon said the company delivered record revenue that was entirely organic and broad-based across geographies, industries and clients, and noted it was the seventh consecutive quarter of double-digit organic growth.

Margins and earnings

Profitability moved the other way. Adjusted EBITDA fell 11.8% to US$19.0 million, a 13.3% margin against 18.4% a year earlier. Net income was US$5.8 million compared with US$9.7 million, and adjusted profit declined 29.2% to US$8.7 million. Diluted earnings per share were US$0.05 against US$0.07, and adjusted diluted earnings per share were US$0.07 against US$0.09.

Net income margin was about 4.1% in the quarter, compared with about 8.3% a year earlier, which underlines how much of the revenue gain has not reached the bottom line.

Guidance, cash and buybacks

For the third quarter, CI&T expects revenue of at least US$145.7 million, up 14.4%, or 12.3% at constant currency. For 2026 it guides to revenue of US$565.5 million to US$577.8 million, implying organic growth of 15.5% to 18.0%, and an adjusted EBITDA margin of 15.0% to 17.0%. The guidance assumes an average exchange rate of 5.17 Brazilian reais to the dollar, and the company raised the revenue range.

Cash and equivalents were US$53.4 million at 30 June, up from US$47.9 million at the end of 2025, and operating cash flow for the half-year was US$17.8 million. Loans and borrowings totalled US$135.8 million. Under a programme authorising up to five million Class A shares through 31 December 2026, the company repurchased 1,393,236 shares for US$6.2 million in the first half.

Margin recovery and currency in CI&T's outlook

The third-quarter revenue floor of US$145.7 million and the full-year margin range of 15.0% to 17.0% are dated markers for delivery. Because second-quarter adjusted EBITDA margin was 13.3%, reaching the low end of the annual range implies an improvement from the second-quarter level later in the year. Cash of US$53.4 million sits against borrowings of US$135.8 million.

Exchange rates matter, too. Movements in the real against the dollar can change reported numbers materially, as the second quarter showed: reported growth of 21.9% against 14.1% at constant currency left a gap of nearly eight percentage points.