Infosys Ltd
Infosys Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Infosys has increased its revenue growth guidance to 2% to 3% for the full financial year, reflecting confidence in future growth. Infosys has increased revenue growth guidance for the full fiscal year to 2% to 3%.
From Infosys Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Infosys has increased its revenue growth guidance to 2% to 3% for the full financial year, reflecting confidence in future growth.
- Large deal wins remain strong, including a $1.6 billion mega deal expected to start ramping up within the fiscal year.
- Despite seasonal softness and lower working days in H2 affecting growth, the company sees strong deal pipelines and client demand, especially in AI, cloud modernization, and automation.
- Volumes are expected to remain soft with growth primarily driven by realization (pricing) increases.
- AI adoption is creating new growth opportunities, with Infosys delivering over 2,500 Generative AI projects, leveraging AI to enhance productivity and sales.
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Profitability & Margins
See what Infosys Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Infosys has announced an Rs. 18,000 crore buyback through tender route at Rs. 1,800 per share, expected to be completed in Q3, subject to shareholder approval.
- The Board approved a Rs. 23 interim dividend, which is 9.5% higher than the FY '25 interim dividend.
- Infosys continues to invest in talent, with over 12,000 freshers hired in the last 6 months, increasing total headcount to 332,000.
- The company is investing in sales and marketing, reflected in a 12.8% growth in S&M costs H1 over H1.
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Top-ranked in IT - Software
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- Large deal Total Contract Value (TCV) for Q2 stood at $3.1 billion, with 67% being net new.
- For the first half (H1), deal wins amounted to $6.9 billion, with net new deals constituting over 60%.
- A significant mega deal with the NHS was announced after the quarter, further strengthening the order pipeline.
- The order book visibility is supported by strong large deal wins and a robust pipeline.
- No specific figures on total order backlog or pending orders were disclosed beyond the above deal signings.
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Infosys Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹46.4K Cr, net profit ₹8.5K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Infosys Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Infosys Ltd Q2 FY26 results?
Infosys has increased its revenue growth guidance to 2% to 3% for the full financial year, reflecting confidence in future growth. Infosys has increased revenue growth guidance for the full fiscal year to 2% to 3%.
What is Infosys Ltd share price analysis?
Infosys Ltd currently shows a neutral. The stock trades at a P/E of 15.2 with a market cap of ₹474,468 Cr. Investors should review the full earnings analysis for detailed insights.
Is Infosys Ltd planning capital expenditure?
Infosys has announced an Rs.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.