DXC Technology Company
Q1 2027 Earnings
Market Reaction
Did DXC Beat Earnings? Q1 2027 Results
DXC Technology posted a mixed first quarter for fiscal 2027, delivering a narrow revenue beat while falling short on the earnings line that matters most to investors. The IT services firm reported non-GAAP diluted EPS of $0.40, missing the $0.45 consensus estimate by 11.35%, snapping what had been four consecutive quarters of beating EPS expectations. Revenue of $3.00 billion edged past the $2.99 billion consensus by 0.45%, though the topline still fell 5.1% year-over-year as secular pressures continued to weigh on demand. The central story of the quarter was a steep compression in underlying profitability; adjusted EBIT collapsed 30.6% to $150.00 million, squeezing the adjusted EBIT margin to 5.0% from 6.8% a year ago, with Global Infrastructure Services bearing the brunt as segment profit tumbled 60.8%. A $214.00 million litigation award provided a flattering boost to GAAP results but masked the operational softness. Looking ahead, DXC maintained its full-year revenue outlook of $12.10 billion to $12.35 billion, with non-GAAP EPS guided to $2.40 to $2.90 and free cash flow raised to approximately $685.00 million.
- Total revenue declined 5.1% YoY (6.7% organic), driven primarily by GIS revenue decline of 9.4%
- GAAP EPS benefited from $214 million gain on TCS litigation judgment
- Non-GAAP diluted EPS declined 41.2% YoY to $0.40
- Adjusted EBIT margin compressed to 5.0% from 6.8% YoY
- Free cash flow of $314 million included $214 million cash proceeds from litigation judgment
- Total bookings increased 5% YoY with book-to-bill of 0.99x
- GIS bookings surged 34.7% with book-to-bill of 1.11x
- Insurance segment was the only growth segment with 1.9% revenue increase
“Our first quarter results were in line with our expectations, and we are maintaining our full-year guidance. Through our Fast Track approach to innovation, we are bringing a new generation of AI-enabled platforms to market that help customers modernize operations and deliver measurable business outcomes. The momentum we are building is strengthening our capabilities, deepening customer engagement, and creating a clearer path to long-term value creation. The recent addition of Paul Taylor as incoming President further strengthens our leadership team and positions us to execute our strategy with greater speed and focus.”
DXC Technology CEO, on the earnings call
Forward Guidance & Outlook
DXC maintained full-year FY27 guidance: total revenue of $12.10 billion to $12.35 billion (organic decline of 5.0% to 3.0%), adjusted EBIT margin of 6.0% to 7.0%, non-GAAP diluted EPS of $2.40 to $2.90, and free cash flow of approximately $685 million (increased from ~$600 million reflecting litigation proceeds). For Q2 FY27, the company expects revenue of $2.97 billion to $3.00 billion (organic decline of 6.5% to 5.5%), adjusted EBIT margin of approximately 6.0%, and non-GAAP diluted EPS of approximately $0.55.
DXC YoY Financials
DXC Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.