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Dixon Technologies Revenue History — Quarter by Quarter

Dixon Technologies's revenue moved from ₹14,855 Cr in Q2 FY26 to ₹10,511 Cr in Q4 FY26, a -29.2% change over 3 quarters. The table keeps each quarter linked back to the underlying earnings page.

Revenue by Quarter

Quarter	Revenue (₹ Cr)	YoY Change
Q4 FY26	₹10,511 Cr	—
Q3 FY26	₹10,672 Cr	+2.07%
Q2 FY26	₹14,855 Cr	+29%

What management said about revenue

Q4 FY26 · FY27 revenue target of ~₹56,000 crore (ex-Vivo)

Management targets ~₹56,000 crore revenue for FY27, implying 15-17% growth, assuming flat mobile volumes and excluding Vivo JV.

Q4 FY26 · IT hardware revenue >₹4,000 crore in FY27

IT hardware segment expected to grow 3x to over ₹4,000 crore in FY27, driven by strong order books and new customer wins.

Q4 FY26 · Telecom revenue target of ₹7,500-8,000 crore in FY27

Telecom and networking segment targets ₹7,500-8,000 crore revenue in FY27, up from ₹5,000 crore in FY26.

Q4 FY26 · Lighting revenue to double to ~₹1,700 crore in FY27

Lighting segment expects 2x revenue growth to ~₹1,700 crore in FY27, driven by JV with Signify and export orders.

Q3 FY26 · IT hardware revenue ₹3,500-4,000 crore in FY27

IT hardware segment revenue expected to grow to ₹3,500-4,000 crore in FY27, driven by strong order book from HP and Asus.

Q2 FY26 · Mobile phone volumes of 55-60 million units in FY27

Management expects mobile phone volumes to reach 55-60 million units in FY27, up from 40-42 million in FY26, driven by new ODM customer and Longcheer JV.

Q2 FY26 · Telecom segment to reach ~$1 billion in a couple of years

Telecom business, including new microwave radio orders, is expected to grow to approximately $1 billion in revenue within two years.

Q2 FY26 · IT hardware revenue of ₹4,000-5,000 crore in 2 years

IT hardware business, including the Inventec JV, is expected to reach ₹4,000-5,000 crore in revenue over the next two years.