CBRE Posts 16% Revenue Growth In Q2 As Data Center Business Shines

Key facts

• CBRE reported a 16% increase in second-quarter revenue.
• CBRE's core earnings per share rose by 30%.
• CBRE raised its 2026 earnings per share guidance.
• Cognizant Technology raised its annual adjusted profit forecast to $5.70-$5.82 per share.
• Cognizant expects full-year revenue growth of 4.0% to 5.5%.
• Newmark reported record second-quarter revenue of $888.4 million.
• Newmark's second-quarter revenue increased 17% year-over-year.
• Newmark maintained its full-year revenue guidance.
• Newmark's growth was driven by multifamily investment and coastal office leasing.
• Cognizant's growth was driven by its financial services segment and operating margin expansion.

Commercial real estate services firm CBRE reported a 16% increase in second-quarter revenue, alongside a 30% rise in core earnings per share. This growth was significantly propelled by robust performance within its infrastructure and data center services divisions. Building on this momentum, CBRE has elevated its 2026 earnings per share guidance.

Technology services company Cognizant Technology also announced an upward revision of its annual adjusted profit forecast, now projecting earnings per share between $5.70 and $5.82. This adjustment stems from notable growth within its financial services segment and an expansion of its operating margin observed during the second quarter. Cognizant anticipates full-year revenue growth to fall within the range of 4.0% to 5.5%.

Meanwhile, Newmark reported a record second-quarter revenue of $888.4 million, marking a 17% increase compared to the same period last year. This record performance was primarily fueled by strong activity in multifamily investment and leasing in coastal office markets. Despite these impressive quarterly results, Newmark has chosen to maintain its previously issued full-year revenue guidance. The company cited prevailing uncertain macroeconomic conditions and anticipated tougher year-over-year comparisons in the latter half of the year as reasons for its cautious outlook.