Pre-earnings brief
Reports
Fri, Oct 23, 2026
Est. EPS
—
Est. revenue
—
Implied move
±11.5%
EPS beat rate
50%
Infosys Limited is a leading player in the information technology sector, providing IT consulting and services. With a market cap of $43 billion, the company is crucial in helping businesses leverage technology for efficiency and growth, especially in areas like cloud computing and artificial intelligence.
Last quarter
In Q1-2027, Infosys reported an EPS of $0.20, slightly missing the estimate of $0.21. The stock reacted negatively, dropping 2.38% the following day.
Management promises and guidance
EPS beat streak
0Q
EPS beat rate
50%
Avg EPS surprise
+1.03%
Avg 1-day reaction
-0.83%
Investors are cautious ahead of the earnings report, especially after a recent EPS miss. The market is looking for signs of recovery in revenue and client retention.
Bull case
If Infosys can demonstrate strong revenue growth and improved client retention, it could signal a turnaround, boosting investor confidence.
Bear case
Conversely, if the company reports another earnings miss or weak guidance, it may raise concerns about its competitive position and future growth.
The print will turn on these.
Q1
What will be the EPS for Q2-2027?
The EPS figure will be critical in assessing the company's profitability and could significantly impact stock performance.
Q2
How is client retention trending this quarter?
Client retention is essential for future revenue growth, and any decline could raise red flags for investors.
—
Est. EPS
$1.38
Est. Rev
$2.3B
Impl. Move
±9.7%
Why consensus could be wrong
The Street may be underestimating the potential for Infosys to rebound in client retention and revenue growth due to strategic investments in digital services.
Supporting evidence
Recent trends in digital transformation suggest increased demand for IT consulting services.
The options market is pricing a larger move than historical averages, indicating potential for a surprise.
Past performance shows that the company has a 63% beat rate, suggesting it may outperform expectations.
Key risk
If client retention rates improve significantly, it could shift the narrative and lead to a more favorable outlook.
Pre-commit to what would confirm each case.
The market is currently weighing the potential for recovery against the backdrop of recent earnings misses and overall economic conditions.
Bull confirmed if
An EPS of $0.22 or higher would confirm a positive outlook and investor confidence.
Bear confirmed if
An EPS below $0.20 would indicate ongoing challenges and could lead to further stock declines.
What the market is pricing for the move.
Implied Move
±14.57%
Historical Avg
±3.7%
The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings report.
Options are pricing ±11.5% while INFY has averaged ±3.7% over the last 8 prints — setup is pricing rich.
ATM IV
0.5%
30d HV
35.0%
Smart-money positioning from the most recent 13F filings.
Institutional
14.42%
of float
Insider
0.00%
of float
Holders
649
institutions
Top Holders· as of Jun 2026
Morgan Stanley
56,575,375 sh · $596.9M
1.39%
32.3%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If Infosys beats expectations, history suggests a potential 2.73% drop on the first day, indicating the market may be cautious despite good news.
In line / cautious
If results are in line with expectations, the stock may see muted movement as investors await further guidance.
Miss
A miss could lead to a drop of around 2.34%, as seen in past performance when the company failed to meet earnings expectations.
The lines on the call that would change the story.
Robeco Institutional Asset Management B.V.
49,040,701 sh · $517.4M
1.21%
27.2%
Lazard Asset Management LLC
34,406,069 sh · $363.0M
0.85%
28.5%
First Trust Advisors LP
28,009,803 sh · $295.5M
0.69%
59.3%
GQG Partners LLC
26,999,640 sh · $284.8M
0.67%
100.0%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.