HCLTech reports $100mn in revenue from advanced AI in Q2FY26

IT company HCL Technologies has reported earning $100 million in revenue from its advanced AI services in the second quarter of FY26. The Mumbai-headquartered firm categorisees AI engineering, Agentic AI, physical AI, and others under advanced AI solutions.

Managing director and chief executive officer (CEO) C Vijayakumar, while responding to a media question, said that the advanced AI services account for about 3% of the overall business, and are expected to grow.

Overall, the company’s revenue for the quarter stood at ₹31,942 crores, up 5.2% sequentially & up 10.7% year-on-year. Net income, on the other hand, was reported at ₹4,235 crores, up 10.2% QoQ & flat on a yearly basis. 

“While the company managed its finances well and its main growth drivers remain strong, there are signs of slower profitability and margin growth. Looking ahead, HCLTech plans to balance innovation with careful cost management to maintain growth in a competitive market,” commented  Biswajit Maity, Senior Principal Analyst at Gartner

CEO Vijayakumar, during the presentation, also said that this is the first time HCLTech has surpassed $2.5 billion on new bookings, without reliance on any mega-deal. He added that nearly all of these deals had components of AI.

“We are seeing that in everything categorized as advanced AI, there’s significant customer spending happening. You mentioned discretionary spending — and indeed, much of that is now directed toward AI. Customers have already invested in AI solutions and capabilities, and they now want to make those investments work and scale effectively within their enterprises. That is where a lot of our services come in,” Vijayakumar said during the press conference.

Speaking further on AI ambitions, the company spokesperson said that HCLTech is focusing on two key areas of AI — building IP that makes the intelligence layer scalable for enterprises, and developing agentic and physical AI solutions while partnering with top global tech firms to build and operate the AI Factory.

To be sure, competitor TCS, last week, during its earnings announcement, said that it would incorporate a wholly owned subsidiary in India to establish multiple AI and data centres of up to 1GW capacity, to provide infrastructure and technology-enabled services. It has also announced ambitions to become the “world’s largest AI-led technology services company”.