New Delhi, May 19 -- Cognizant Technology Solutions Corp has doubled its share buyback programme to $2 billion in 2026, with the flexibility to buy shares worth as much as $3.45 billion as the Nasdaq-listed company looks to instill investors with confidence after its stock was battered this year.

The board of directors authorized the increase in the share repurchase target from $1 billion originally planned for 2026, the company said in a statement 18 May. The repurchase is expected to be completed during the second quarter of 2026.

"Our plan to increase the amount of share repurchases reflects our strong conviction in the long-term opportunity AI creates and our critical role in it as an AI builder," S Ravi Kumar, chief executive offic...