Infosys Reports Strong Q2 FY26 with $3.1 Billion Large Deal TCV, Projects 20-22% Operating Margin for FY26

Infosys Q2 FY26 Results and Strategic Outlook

Infosys announced its second-quarter financial results for FY26, showcasing strong performance marked by consolidated revenue of ₹444.9 billion, exceeding the IBES estimate of ₹439.29 billion. Net profit stood at ₹73.64 billion, beating expectations of ₹72.01 billion. The company also booked two large deal wins in Q2 with a total contract value (TCV) of $3.1 billion, reflecting strong client confidence and deal pipeline.

Looking ahead, Infosys projects its operating margin for FY26 in the range of 20-22%, signaling operational efficiency amid macroeconomic uncertainties. Revenue growth guidance for FY26 is maintained at 2-3%, aligning with cautious optimism on demand stability.

Strategically, Infosys approved the transfer of stake in Infosys Consulting S.R.L., Argentina to Infosys Nova Holdings LLC, and the incorporation of a new subsidiary in Egypt, underscoring its global expansion efforts. The company reaffirmed its commitment to making tight-focused strategic investments to enhance capabilities and execution.

Despite high market uncertainties, Infosys continues to strengthen its market position through large deal wins, geographical expansion, and investment in digital and consulting services, reinforcing long-term growth prospects.

Important Points

Q2 Revenue and Profit Beat Estimates: Consolidated revenue of ₹444.9 billion vs estimate ₹439.29 billion, net profit ₹73.64 billion vs estimate ₹72.01 billion.

Large Deal Wins: Secured two large deals with a total contract value of $3.1 billion during Q2.

FY26 Operating Margin Guidance: Projected between 20-22%, reflecting efficiency focus.

Revenue Growth Outlook: Anticipates 2-3% growth in FY26.

Strategic Corporate Actions: Approved transfer of stake in Argentina consulting unit to Infosys Nova Holdings and incorporation of subsidiary in Egypt.

Focused Investments: Continues strategic investments with a tight focus on execution amid market uncertainty, aiming at digital and consulting growth.

Source: Infosys Q2 FY26 Earnings Release, Investor Conference Call, October 16, 2025; Regulatory Filings on NSE and BSE.