TCS Q1 Results 2026 LIVE: IT stock falls ahead of earnings; margins, demand outlook, AI strategy, dividend in focus

TCS shares traded lower ahead of its Q1 FY27 results scheduled for 9 July 2026, as the stock reacts to expectations of subdued earnings. Brokerage estimates project flat sequential revenue growth in constant currency terms, with revenue around $7,617 million and about 72,267 crore rupees in rupee terms, while margins are expected to decline sharply due to annual wage hikes. The board will also consider declaration of an interim dividend with a record date fixed for 15 July, while management commentary on AI strategy, deal wins and demand outlook is expected to set the tone for the broader Indian IT sector.