U.S. Stocks Move: Infosys plunges on October 23 as Q2 earnings miss expectations and revenue guidance is lowered

Infosys October 23rd: Sharp Decline Analysis

Keywords: Q2 earnings below expectations, revenue guidance lowered

1. On October 23, 2026, Infosys released its financial results for the second quarter of fiscal year 2027. Earnings per share were $0.20, below the market expectation of $0.21; net profit was 7.823 billion rupees, lower than the expected 7.929 billion rupees, with earnings failing to meet expectations.

2. On the same day, the company lowered its fiscal year 2027 revenue growth guidance from 1.5%-3% to 1%-2%, with sales guidance reduced from $20.46-20.763 billion to $20.36-20.561 billion; the midpoint of the new guidance is below most analysts' expectations, causing the U.S. stock price to fall in pre-market trading.

3. On October 23, 2026, major U.S. stock index futures fell in pre-market trading, the technology sector's sentiment remained weak, and this coincided with the company's financial report and guidance revision.

(Disclaimer: This content is generated by AI technology based on publicly available information for reference only and does not constitute investment advice.)