Guidance ledger · Q4 FY26

Infosys Ltd INFY

4 revisions on record · 1 lowered · 0 raised — the strikethrough is what management used to say

gives specific guidance · held across quarters

Holding view → · latest concall · The pulse

↓ lowered FY27 revenue growth guidance (constant currency) Q3 FY26 → Q4 FY26

~~FY26 actual 3.1%~~ → 1.5% to 3.5%

“Our revenue growth guidance of financial year '27 is 1.5% to 3.5% year-on-year in constant currency terms”

→ narrowed FY27 operating margin band Q1 FY26 → Q4 FY26

~~20% to 22%~~ → 20% to 22%

“Our operating margin guidance for financial year '27 is 20% to 22%”

→ narrowed FY26 revenue growth guidance (constant currency) Q1 FY26 → Q2 FY26

~~1% to 3%~~ → 2% to 3%

“The new guidance is 2% to 3% growth in consta nt currency terms”

→ narrowed FY26 revenue growth guidance (constant currency) Q1 FY26 → Q1 FY26

~~0% to 3%~~ → 1% to 3%

“our guidance for growth for financial year 2026 is revised from where it was 0% to 3%, now it will be 1% to 3% in constant currency terms”

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.