iTechGuides is reader-supported. When you buy through links on our site, we may earn an affiliate commission. As an Amazon Associate I earn from qualifying purchases. Learn more
As of October 12, 2026, HCLTech had not published its Q2 FY27 results or changed its FY27 guidance. The company’s published ranges remained 1.0%–4.0% year-over-year revenue growth and 1.5%–4.5% Services growth, both in constant currency, with an EBIT margin target of 17.5%–18.5%. Any Q2 figures below are analyst estimates, not reported results.
What is HCLTech’s current FY27 guidance?
HCLTech’s investor-relations page listed the following full-year ranges as of October 12, 2026. They are company guidance, not analyst forecasts.
| Measure | Published FY27 guidance | Basis |
|---|---|---|
| Company revenue growth | 1.0%–4.0% | Year over year, constant currency |
| Services revenue growth | 1.5%–4.5% | Year over year, constant currency |
| EBIT margin | 17.5%–18.5% | Full-year range |
The central question is whether the company changes either growth range after Q2. A revised company revenue outlook and a revised Services outlook are not interchangeable; nor should constant-currency growth be confused with reported-currency growth or total growth that includes acquisitions. HCLTech’s investor-relations page is the company source for its current guidance.
What’s actually slowing this PC down?
Pick the symptom - the matching free tool is one click away.
Five things to watch in the Q2 results
1. Whether guidance changes—and what the range includes
Analyst views differ. Business Standard reported that Kotak Institutional Equities saw a possibility of company revenue guidance rising to 3%–4%, partly reflecting acquisitions. The same preview reported Jefferies expected Services guidance to narrow by 50 basis points, to 2%–4%. These are broker expectations, not announcements from HCLTech; the company had not changed the published ranges at the information cutoff.
#1 Best Overall
- Read Before You Buy — No Video Output: These adapters support charging and USB 2.0 data transfer, but cannot transmit video signals. Except for standard USB webcams (which use USB data only), they are not compatible with HDMI/DisplayPort cables, video-capable USB-C hubs, or docking stations with video output.
- Convert USB-A Ports to USB-C: Designed to connect USB-C earphones, cables, flash drives, card readers, and other USB-C accessories to standard USB-A ports. Plug-and-play with no drivers or software required.
- Aluminum Alloy Housing: Built with a sturdy aluminum alloy shell that aids in heat dissipation and protects against daily wear and scratches. Designed to maintain a stable and secure connection.
- Compact & Travel-Friendly: The ultra-compact design allows the adapter to stay plugged into your device without blocking adjacent ports or adding bulk, reducing wear and tear on your original USB ports.
- 12-Month Warranty: Backed by a 12-month manufacturer warranty for peace of mind. Designed to meet strict quality control standards for reliable everyday performance.
If management revises guidance, check whether it refers to total company revenue or Services, whether it is stated in constant currency, and whether acquisition contribution is included. A higher total range that includes acquired revenue does not, by itself, establish stronger organic growth. Business Standard’s Q2 preview attributes the analyst scenarios.
2. Sequential revenue momentum
In Q1 FY27, HCLTech’s constant-currency revenue fell 0.5% quarter over quarter but rose 2.6% year over year. Those figures provide the immediate baseline: sequential growth measures change from the previous quarter, while year-over-year growth compares with the same quarter a year earlier.
Rank #2
- 5-in-1 USB-C Hub: Experience comprehensive connectivity featuring a Power Delivery input, two USB-A 2.0 ports, a USB-A 3.0 port, and an HDMI port. (Note: The USB-C power delivery input port is only for connecting an external wall charger to power your laptop and cannot power peripheral devices.)
- 90W Pass-Through Charging: Achieve optimal charging with 90W pass-through power to your laptop, supported by a total input of 100W, with the hub reserving 10W for operational efficiency. (Note: Wall charger not included.)
- Quick Data Transfers: Accelerate your productivity with rapid data transfers using a high-speed 5Gbps USB 3.0 port and two 480Mbps USB 2.0 ports.
- 4K HDMI Display: Enhance your visual experience with a hub capable of delivering 4K resolution at 30Hz in both mirror and extend modes. Please note that this hub is compatible with MacBook (macOS 12 and newer), Windows 10 and 11, ChromeOS, and laptops equipped with DP Alt Mode and Power Delivery. Note: This device is not compatible with Linux.
- What You Get: Anker USB-C Hub (5-in-1, 4K HDMI), welcome guide, 18-month warranty, and our friendly customer service.
The analyst expectations reported by Business Standard were not identical. Jefferies expected sequential constant-currency growth of 2.1%, while Kotak expected 1.8%. These are brokerage forecasts, not actual Q2 growth. Compare the eventual result with each forecast on the same sequential, constant-currency basis, and distinguish any acquisition contribution that the company reports. HCLTech’s quarterly-results materials contain its reported figures.
Crashes, No Sound, or Screen Glitches?
Random freezes, missing sound and display glitches usually trace back to one bad driver. Find and replace yours safely.Free scan · under a minutePC Slower Than It Used to Be?
A free scan shows the junk files, broken settings and background clutter dragging Windows down - then fixes them in one click.Free scan · Windows 10 & 113. EBIT margin and the difference between reported results and guidance
The FY27 EBIT margin guidance remained 17.5%–18.5%. Q1 FY27 reported EBIT margin was 16.9%, including a stated 62-basis-point restructuring impact. The quarterly margin is an actual result for that quarter; the guidance range is a full-year target, so the two should not be treated as equivalent measures.
Rank #3
- Sleek 7-in-1 USB-C Hub: Features an HDMI port, two USB-A 3.0 ports, and a USB-C data port, each providing 5Gbps transfer speeds. It also includes a USB-C PD input port for charging up to 100W and dual SD and TF card slots, all in a compact design.
- Flawless 4K@60Hz Video with HDMI: Delivers exceptional clarity and smoothness with its 4K@60Hz HDMI port, making it ideal for high-definition presentations and entertainment. (Note: Only the HDMI port supports video projection; the USB-C port is for data transfer only.)
- Double Up on Efficiency: The two USB-A 3.0 ports and a USB-C port support a fast 5Gbps data rate, significantly boosting your transfer speeds and improving productivity.
- Fast and Reliable 85W Charging: Offers high-capacity, speedy charging for laptops up to 85W, so you spend less time tethered to an outlet and more time being productive.
- What You Get: Anker USB-C Hub (7-in-1), welcome guide, 18-month warranty, and our friendly customer service.
Business Standard reported analyst expectations around the high-17% range and discussion of currency benefits and possible acquisition-related dilution. Watch for the actual reported margin and any separately stated adjustments, then consider management’s explanation of the movement. Do not treat currency effects or acquisition dilution as established outcomes until HCLTech reports them.
4. Discretionary spending and expected client ramps
In the earlier FY27 guidance discussion, management said the lower end of the range assumed continued softness in discretionary spending and the ramp-up of two clients. HCLTech’s FY26 results release also cited lower discretionary spend and delayed decisions. Q2 commentary may help show whether client spending and those expected ramps are progressing, but the earlier assumptions alone do not establish what happened in Q2.
Rank #4
- Dual Converters, Infinite Potential：Includes 2× USB C male to USB A female adapters and 2× USB A male to USB C female adapters. Perfect for a wide range of uses—tablets with Bluetooth keyboards, expand USB ports on macbook, and more. Two different converters for all your daily needs
- Next-Level 10Gbps & 3A Charging: No more slow 480Mbps, this usb to usb c adapter has a transfer speed of up to 10Gbps, allowing you to do more transferring in less time. This usb adapter fits both USB A and USB C charger, supporting up to 3A fast charging
- Upgraded Exquisite Craftsmanship: With an aluminum alloy housing and metal connector, the usbc to usb adapter is extremely durable and sturdy. Rigorously tested to withstand more than 10,000 times of plugging and unplugging, ensuring long-lasting performance
- Broad Compatible: The usb c to usb adapter widely supports all USB C/ USB A devices like laptops, tablets, cellphones, car chargers, and phone chargers. Such as compatible with MacBook Pro/Air 2023/2022, Thunderbolt 4/3 Devices,Apple MagSafe Watch 9/8/7/SE/Ultra, iPad Pro 2022/2021, Samsung Galaxy S23/S20/S10, and iPhone 17/16/15 Pro. Plug and play
- Please Note: To reach 10Gbps speed, keep the cable under 3.3 ft. For USB A Male to USB C adapters, try flipping the USB C connector. USB C Male to USB A adapters support bidirectional 10Gbps transfer within 3.3 ft
Chairperson Roshni Nadar Malhotra said in the FY26 release: “During the quarter, our performance came below our expectations due to softness in certain parts of our business due to lower discretionary spend and delayed decision making.” The FY26 results release also reported traction for new AI-led service offerings and annualized Advanced AI revenues crossing $620 million in Q4.
Free tools Windows power users keep installed
One-click scans. No signup required.
5. Deal wins and AI’s two-sided effect
HCLTech reported new-deal total contract value (TCV) of $2,407 million in Q1 FY27. TCV is the value associated with signed deals over their contract terms; it is not revenue recognized in the quarter. Q2 deal closures can therefore inform the outlook, but deal value should not be read as an immediate revenue-growth figure.
Best Value
- 5-in-1 Connectivity: Equipped with a 4K HDMI port, a 5 Gbps USB-C data port, two 5 Gbps USB-A ports, and a USB C 100W PD-IN port. Note: The USB C 100W PD-IN port supports only charging and does not support data transfer devices such as headphones or speakers.
- Powerful Pass-Through Charging: Supports up to 85W pass-through charging so you can power up your laptop while you use the hub. Note: Pass-through charging requires a charger (not included). Note: To achieve full power for iPad, we recommend using a 45W wall charger.
- Transfer Files in Seconds: Move files to and from your laptop at speeds of up to 5 Gbps via the USB-C and USB-A data ports. Note: The USB C 5Gbps Data port does not support video output.
- HD Display: Connect to the HDMI port to stream or mirror content to an external monitor in resolutions of up to 4K@30Hz. Note: The USB-C ports do not support video output.
- What You Get: Anker 332 USB-C Hub (5-in-1), welcome guide, our worry-free 18-month warranty, and friendly customer service.
AI may create demand for new services while also contributing to pricing pressure or deflation. The Q2 preview raised AI-led pricing pressure as an issue to watch; it does not establish that AI will raise or lower HCLTech’s company-wide growth or margins. Look for management’s account of both demand and commercial terms rather than treating AI revenue growth as proof of stronger overall performance.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.How Q2 forecasts differ—and why they should not be blended
Published forecasts use different measures and should be kept attributed to their sources. The Economic Times reported a survey average across seven brokerages of 16% year-over-year revenue growth and 12% profit growth. Business Standard separately reported Axis Direct estimates of ₹35,443 crore in revenue, up 11% year over year, and 15.9% profit growth. These are newspaper-reported analyst expectations, not HCLTech results or guidance; the different forecast bases mean they are not a single consensus figure.
Business Standard also reported brokerage views on sequential constant-currency growth, margin, deal TCV, and possible guidance changes. Those measures answer different questions from year-over-year revenue and profit growth. The Economic Times preview describes its seven-brokerage survey; the estimates above remain forecasts until actual results are published.
Recommended Free Tools
Prior-year context: Q2 FY26
HCLTech’s Q2 FY26 results offer a year-ago reference, not a forecast for Q2 FY27. The company reported the following figures for the quarter ended September 2025:
| Measure | Q2 FY26 reported figure |
|---|---|
| Company revenue growth | 2.4% sequential and 4.6% year over year, constant currency |
| Services revenue growth | 2.5% sequential and 5.5% year over year, constant currency |
| EBIT margin | 17.4%, including a 55-basis-point restructuring impact |
| New-deal TCV | $2,569 million |
These historical figures can help frame comparisons, but they do not determine the current quarter’s result. HCLTech’s Q2 FY26 investor release is the source for the prior-year figures.
Quick Recap
What would count as a meaningful guidance signal?
- Growth: A change to the company or Services constant-currency range, with any acquisition contribution clearly distinguished.
- Execution: Sequential growth compared with Q1’s 0.5% decline, alongside an explanation of client ramps and demand.
- Profitability: The reported EBIT margin, separately identified adjustments, and an explanation of progress toward the full-year range.
- Demand quality: Deal wins and AI-related activity interpreted alongside revenue conversion and pricing commentary, rather than as stand-alone proof of growth.
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
