EXL (NASDAQ:EXLS) delivers strong Q3 2026 numbers, full-year outlook slightly exceeds expectations

What happened

ExlService Holdings reported Q3 2026 revenue of $634 million, up 19.7% from a year earlier and above analysts' estimates. It raised full-year revenue guidance to $2.44 billion at the midpoint and full-year adjusted EPS guidance to $2.35 at the midpoint.

Confirmed

Global impact / market context

Higher revenue and profit than analysts expected, plus a raised full-year outlook, suggest demand for EXL's data analytics and digital solutions is holding up. That supports its revenue and costs outlook and may reassure investors about future profit per sale.

Analyst inference

The results beat consensus on revenue, adjusted EPS and adjusted EBITDA, and the full-year revenue midpoint came in about 1% above consensus. That gap, plus the guidance raise from $2.40 billion, signals management expects momentum to continue.

Analyst inference

What to watch

1. Watch whether full-year revenue lands near the $2.44 billion midpoint guidance and whether adjusted EPS nears the $2.35 midpoint, since both were raised this quarter. Confirmed
2. Track whether management's raised outlook holds through the rest of 2026, and whether future guidance updates confirm the momentum the CEO described entering the year. Proposed
3. Operating margin stayed at 14%, so watch whether faster revenue growth turns into better profit per sale or is offset by rising costs as the company expands. Analyst inference

Evidence

• stockstory.org