Infosys Q1FY26 results tomorrow: Revenue likely up to Rs 41,990 crore; street watches for guidance hike

Infosys, one of India’s top IT services companies, is set to announce its earnings for the first quarter of FY26 on Wednesday, July 23. According to Zee Business research team, investors and analysts are expecting a stable set of numbers, with revenue and profit likely to see modest growth compared to the previous quarter.

The company’s revenue is estimated at Rs 41,990 crore, up 2.6 per cent from the March quarter, while operating profit (EBIT) is likely to grow 4.6 per cent to Rs 8,968 crore. Margins are expected to remain steady at 21.1 per cent.

Net profit for the quarter is projected at Rs 6,604 crore, slightly lower than Rs 6,857 crore in the previous quarter.

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Why the Street Is Watching Infosys Results Closely

Growth this quarter is expected to come from more billing days and strong performance in the financial services vertical. While discretionary tech spending remains stable, large deals and steady demand in core markets are expected to support performance.

Despite cost pressures from wage hikes and onboarding of large deals, Infosys is likely to hold margins steady, helped by internal efficiencies.

What to Expect on Guidance

According to Zee Business research team, Infosys may slightly raise its full-year revenue guidance for FY26 in constant currency terms — possibly to a range of 1 to 4 per cent, up from 1 to 3 per cent earlier. The company is also expected to maintain its margin guidance at 20 to 22 per cent.

Big Deals Still Coming In

One of the key positives this quarter could be Infosys reporting large deal wins worth USD 3 billion — that’s about Rs 25,800 crore — highlighting strong client traction and a healthy deal pipeline.

What Investors Will Be Watching

All eyes will be on Infosys’ management commentary around client budgets, demand from the US and Europe, deal conversion timelines, and pricing. With peers already signalling a gradual recovery in tech spending, Infosys’ tone on the outlook could set the stage for the rest of the IT earnings season.