Infosys Ltd

Q3 FY26IT - Software

Infosys Q3 FY26 earnings call: Revenue & Margins

Q3 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹1,121

Market cap₹4.7L Cr

P/E15.2

Updated23 Aug 2026

Read4 min read

The short version

Infosys anticipates continued growth driven by AI adoption and macroeconomic improvements. Infosys expects continued net headcount increase, having added ~13,000 net headcount in the first three quarters of the year, supporting growth (Page 63-64).

From Infosys Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Infosys anticipates continued growth driven by AI adoption and macroeconomic improvements.
Added ~13,000 net headcount over the first three quarters, with plans to continue hiring to meet AI-driven demand.
AI-related revenues represented 5.5% currently, with a strong long-term growth runway expected over several years.
Growth is expected to accelerate in Financial Services, Energy, and Utilities sectors next year, tied to AI leverage and favorable macro factors.
Incremental AI opportunity estimated at $300-400 billion over 5-6 years, outweighing revenue compression from faster project delivery.
Expected expansion in enterprise-wide AI deployment, though deal sizes are currently moderate; larger deals may develop as adoption increases.

2 more points management made on revenue & sales performance

Profitability & Margins

Infosys expects continued net headcount increase, having added ~13,000 net headcount in the first three quarters of the year, supporting growth (Page 63-64).
AI initiatives and investments, including proprietary AI platforms (Topaz Fabric), are positioned to drive revenue expansion and client value creation (Pages 54, 56).
Margins have remained stable recently, with past expansions (50 bps in FY '25), despite investments in AI and capabilities; margin guidance is maintained, with investments funded by efficiency programs (Pages 55-56).
Revenue per person (RPP) has grown 3% in FY '25 and FY '26; future growth is expected to reflect better growth, RPP, and margins by riding the tech (AI) wave (Page 58).
AI-driven services currently represent about 5.5% of revenues with a long runway for growth, akin to the digital transformation cycle (Page 57).

2 more points management made on profitability & margins

See what Infosys Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Infosys is investing significantly in AI capability build-out, including AI Topaz Fabric, platforms, and tools to scale AI services and go-to-market efforts.
There is a strong emphasis on reskilling and lateral hiring to meet AI opportunities.
The company has a margin program that saves costs and those savings are reinvested into scaling AI faster, keeping margin guidance stable.
Infosys is ready to make appropriate strategic acquisitions using its balance sheet as needed, consistent with its value framework.

2 more points management made on capital expenditure plans

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Fundraising & Capital Structure

Infosys has not indicated any immediate plans for new fundraising through debt or equity.
The company is ready to make appropriate acquisitions using its balance sheet, aligning with its value framework, as done in the past.
Investments to scale AI capabilities, training, and go-to-market efforts will be funded from cost efficiencies generated by ongoing margin programs.

2 more points management made on fundraising & capital structure

See what Infosys Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The provided pages do not explicitly mention current or expected order book or pending orders for Infosys.
Discussions focus on AI opportunity, headcount increases (~13,000 net additions in past 3 quarters), and expected continued growth in hiring.
Large deals timelines have remained consistent with no significant shrinking observed yet.
Mention of expanding AI-related revenue (5.5%) and increasing client adoption with large enterprise involvement.
Focus on AI-enabled platform offerings (Topaz Fabric, AI Next) and investments in scaling and reskilling talent.

2 more points management made on order book & pipeline

Infosys Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

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 Q3 FY26 results?

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 is investing significantly in AI capability build-out, including AI Topaz Fabric, platforms, and tools to scale AI services and go-to-market efforts.

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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.