Highlights

  • CI&T reported US$142.8 million of second-quarter revenue, an increase of 21.9% on a reported basis.
  • Constant-currency revenue growth was 14.1%, lower than the reported rate because currency movements affected comparisons.
  • Adjusted EBITDA declined 11.8% to US$19.0 million, reducing the margin to 13.3% from 18.4% during the reported period.
  • Management forecast full-year revenue of US$565.5 million to US$577.8 million and a 15%–17% adjusted margin.

Revenue rose but adjusted profitability weakened in the second quarter for CI&T (NYSE:CINT). The digital technology services provider reported US$142.8 million of revenue, up 21.9%, while adjusted EBITDA declined. Its updated annual outlook points to further revenue growth, with the company forecasting a higher adjusted margin than it recorded in the quarter.

Revenue Versus Profitability

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.

The contrast between faster revenue and lower margins suggests rising delivery costs or investment ahead of growth, though the release extract we read does not itself attribute the margin decline to particular causes. Investors can consult the full filing for the company's explanation. Net income margin was about 4.1% in the quarter based on the reported figures, compared with about 8.3% a year earlier, which underlines how much of the revenue gain has not reached the bottom line.

Guidance and Cash

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. The company raised the revenue range, though the release does not state the prior range. All of this is forecast, not reported fact.

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.

Trading Context

CI&T shares closed at US$3.06 on Wednesday 14 October 2026, down 0.97%, in the supplied market data, which put the market capitalisation at about US$392 million. The same page flags a decline of 25.3% in market value without clearly stating the period. A Thursday close was not available when we checked, and the supplied material does not identify announcement explaining Wednesday's move.

Milestones Still Ahead

The third-quarter revenue floor of US$145.7 million and the full-year margin range of 15.0% to 17.0% give investors dated markers against which to judge 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. Investors may compare the cash balance of US$53.4 million with borrowings of US$135.8 million when assessing financial flexibility.