HCLTech Q4 FY26: $14.7B Revenue, FY27 Guides 1-4% Growth, 17.5-18.5% Margin

Mgmt Guided Margin ImprovementOrder Pipeline DisclosedAnalyst Day Multiyear TargetsInvestor Communications View source PDF

HCLTECH · price

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AI summary

HCLTech reported FY26 revenue of $14.7B (+3.9% CC), Q4 revenue $3.7B (+2.4% YoY CC, -3.3% QoQ). Q4 EBIT margin 16.5% (17.7% ex-restructuring); FY26 margin 17.2% (17.9% ex-restructuring). Advanced AI revenue hit $620M annualized. FY26 TCV bookings $9.3B, flat YoY. FY27 guidance: revenue 1-4% CC, services 1.5-4.5%, EBIT margin 17.5-18.5%. Two US clients (Manufacturing, Retail) and two Telecom clients' discretionary cuts create ~50bps headwind. Board declared INR24 interim dividend, extended capital allocation policy 5 years with 75%+ payout. Net cash $3.51B.

Likely market impact

Softer FY27 revenue guidance (1-4% vs prior year) on client-specific headwinds, but margin expansion to 17.5-18.5% expected. Robust dividends continue.