Wipro reported Q2 revenue growth: Q3 guidance shapes Wipro stock

Published on 10/23/2026 at 10:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 guidance spans USD 2.571 billion to USD 2.625 billion for Wipro stock. Its market value is USD 21.7 billion.

Operational outlook stays measured

Wipro reported Q2 revenue of USD 2.58 billion on October 15, 2026, up 0.6 percent in constant currency.
Third-quarter IT services guidance spans USD 2.571 billion to USD 2.625 billion for fiscal 2027.
Wipro stock traded at EUR 1.93 at 10:00 a.m. CEST at Lang & Schwarz on October 23, 2026.

WIT, US97651M1099, Illustration mit AI erstellt.

Wipro Limited (US97651M1099) traded at EUR 1.93 at Lang & Schwarz on October 23, 2026, while its latest quarter showed revenue growth but restrained near-term guidance. The company reported fiscal second-quarter results on October 15, 2026, with IT services revenue up 0.6 percent year over year in constant currency, according to Investing.com.

Revenue grows as margins improve

Wipro reported fiscal second-quarter revenue of USD 2.58 billion, matching the consensus estimate, while earnings per share also came in at USD 0.03. Operating margin reached 16.5 percent, an improvement of 0.5 percentage points from the prior quarter, according to Wipro.

The improvement in profitability came alongside a softer bookings picture. Total contract value was USD 2.6 billion in fiscal second-quarter 2027, down 22.9 percent sequentially, while large-deal bookings fell 58.6 percent to USD 674 million, according to The Financial Express.

What does the guidance mean?

For fiscal third-quarter 2027, Wipro guided IT services revenue to USD 2.571 billion to USD 2.625 billion. The range implies constant-currency sequential growth of minus 1.5 percent to plus 0.5 percent and reflects seasonal furloughs and fewer working days, according to Investing.com.

The company said its AI Native unit had more than 2,000 engineers in the October 15, 2026 earnings call. Management also said two delayed deals were expected to close in fiscal third-quarter 2027, potentially supporting fourth-quarter revenue.

Jefferies set a base-case target of INR 155 on October 21, 2026, while outlining a bull-case target of INR 195 and a bear-case target of INR 125. The brokerage linked the downside case to slower growth and margin pressure, according to Zee Business.

Stock and valuation context

Wipro has a market capitalization of USD 21.7 billion as of October 22, 2026. Its 52-week range is USD 1.59 to USD 3.09, placing the current U.S. quote inside a wide valuation corridor. The company is listed on the NYSE under ticker WIT.

At Lang & Schwarz, Wipro stock was trading at EUR 1.93 on October 23, 2026 at 10:00 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Wipro stock.