Guidance ledger · Q4 FY26

HCL Technologies Ltd HCLTECH

4 revisions on record · 1 lowered · 2 raised — the strikethrough is what management used to say

gives specific guidance · shifted across quarters

Holding view → · latest concall · The pulse

↓ lowered FY27 company-level revenue growth guidance (fresh) Q3 FY26 → Q4 FY26

~~4% to 4.5% (FY26 narrowed)~~ → 1% to 4% (FY27 fresh)

“The revenue growth guidance for the full year is 1% to 4% in constant currency and 1.5% to 4.5% for Services”

↑ raised FY27 EBIT margin guidance (fresh, vs FY26 17-18% Q1FY26 setting) Q1 FY26 → Q4 FY26

~~17% to 18% (FY26 lowered Q1FY26)~~ → 17.5% to 18.5% (FY27 fresh)

“EBIT margin guidance is 17.5% to 18.5%”

→ narrowed FY26 company-level revenue growth guidance Q2 FY26 → Q3 FY26

~~3% to 5%~~ → 4% to 4.5%

“company level guidance to 4% to 4.5% in constant currency terms”

↑ raised FY26 revenue growth guidance band Q1 FY26 → Q2 FY26

~~3% to 5%~~ → 4% to 5% (Services raised) / 3% to 5% company

“raising our full -year Services revenue growth guidance to 4% -5% in constant”

Method. Revisions come from management's own stated numbers, compared quarter over quarter across the covered concalls; each carries the verbatim quote. “No revisions” can also mean guidance too vague to pin down — see the posture chip above. Not investment advice.