HCLTech Q3 FY26: Revenue up 4.8% YoY to $3.79B, Bookings surge 43% YoY
HCLTech reported Q3 FY26 revenue of $3.79 billion, up 4.8% YoY. Net new bookings surged 43% YoY to $3 billion. The company raised its full-year services revenue growth guidance to 4.75%-5.25%. Key AI initiatives and strategic acquisitions, including HPE's Telco Solutions Business, were highlighted. An interim dividend of ₹12 per share was declared.
The results include strong financial performance metrics (revenue growth, bookings), raised guidance, strategic acquisitions, and significant advancements in AI, which are material factors for investors and the company's future trajectory.
The company reported strong revenue growth, significant increase in bookings, and raised its full-year guidance, indicating positive business momentum. Strategic acquisitions and advancements in AI capabilities further contribute to a positive outlook.
HCL Technologies Limited announced its financial results for the third quarter and nine months ended December 31, 2025. The company reported a total revenue of $3.79 billion, marking a year-over-year growth of 4.8% and a quarter-over-quarter growth of 4.2% in constant currency terms. This quarter also saw HCLTech cross $15 billion in annualized revenue.
The services business grew by 5% year-over-year and 1.8% sequentially. Within services, IT and Business Services grew 3.8% YoY and 1.5% sequentially, while Engineering and R&D Services saw a more robust growth of 10.8% YoY and 3.1% sequentially. HCLSoftware delivered a strong performance with 3.1% YoY growth and a significant 28.1% sequential increase in constant currency, driven by seasonality and strong traction in the data intelligence business. Annual recurring revenue for HCLSoftware stood at $1.07 billion, a 0.6% increase YoY.
Operating margin, including restructuring costs but excluding the one-time impact of new labor codes, was 18.6%, a decrease of 94 basis points YoY. However, excluding restructuring costs, the operating margin was down marginally by 13 basis points YoY.
Net new bookings were strong at $3 billion, representing a 17% QoQ and a substantial 43% YoY growth. Bookings momentum was driven by applications and engineering & R&D services, accounting for 63%. The company also achieved its highest ACV bookings in the last four years.
HCLTech also highlighted its progress in AI, with advanced AI services growing by 19.9%. The company is focusing on four pillars of AI growth: proactive transformation of services using AI Force, building differentiated IP, developing new AI-led services like AI Factory and Physical AI, and strengthening its partnership ecosystem with companies like NVIDIA, SAP, AWS, and OpenAI.
Key deal wins include a $473 million, 5-year strategic engagement with a global apparel retailer for AI-led technology modernization, a partnership with a leading U.S. based insurance company for GenAI-led service transformation, and a project with a European global food major to implement an AI-powered digital foundation. The company announced the acquisition of the Telco Solutions Business from Hewlett Packard Enterprise (HPE) to bolster its telecom engineering capabilities. It also acquired Jaspersoft and Wobby to strengthen its Data and AI division.
HCLTech raised its full-year services revenue growth guidance to 4.75% to 5.25% and company-level guidance to 4% to 4.5% in constant currency terms. The EBIT margin guidance remains at 17% to 18%.
The company declared an interim dividend of ₹12 per share, with a record date of January 16, 2026, and a payment date of January 27, 2026.
What to do with a filing like this
HCL Technologies Limited filed this with the NSE as a statutory disclosure, categorised under other company updates. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by HCL Technologies Limited. Read the original for the full detail.