TCS Q2 results 2026 today: Tata Consultancy Services (TCS) is all set to kickstart the Q2 earnings season, as India's largest IT company is all set to announce its financial results for the quarter ending on 30 September 2026.
TCS share price rose as much as 3% on NSE ahead of the announcement. The IT stock opened at ₹2,104 per share, as compared to previous close of ₹2,080.30 on Wednesday and touched an intraday high of ₹2,141.50 on 8 October.
According to Seema Srivastava, Senior Research Analyst at SMC Global Securities, TCS is likely to deliver stable Q2FY27 results, supported by seasonal factors, resilient operational efficiency and strong deal wins, including large contracts from BSNL, MHP and Metro. However, modest constant-currency growth could remain under pressure due to geopolitical uncertainties and softer demand during the middle of the quarter.
Srivastava said TCS remains well positioned as a long-term wealth creator, supported by its strong balance sheet, high employee utilisation and growing exposure to large-scale cloud and GenAI migration opportunities. While cautious discretionary spending continues to weigh on near-term growth, the recent correction in valuations, along with consistent shareholder returns, strengthens the stock’s defensive appeal amid ongoing macroeconomic uncertainty.
Meanwhile, brokerage firm Kotak Institutional Equities expects revenue to grow a modest 0.5%, led by the international business. The brokerage has not factored in any revenue contribution from the new BSNL contract in its estimates.