NYSE$WIT
Wipro Limited · Q2 2026 earnings
Q2 2026 earnings · · Before market open · Investor relations
Briefing
Wipro Q2 FY26: IT services revenue $2.60B; large deal bookings $2.85B up 90% YoY
Wipro reported Q2 FY26 (quarter ended September 30, 2025) gross revenue of ₹227.0 billion ($2.56B) and IT services segment revenue of $2.60 billion, up 0.7% quarter over quarter but down 2.1% year over year in reported terms. Non-GAAP constant-currency IT services revenue rose 0.3% QoQ. Net income was ₹32.5 billion ($365.6M), up 1.2% YoY, with EPS of ₹3.10 ($0.031). IT services operating margin was 16.7%, or 17.2% adjusted for a customer bankruptcy provision. Total bookings reached $4.69B and large deal bookings hit $2.85B, up 90.5% YoY in constant currency. Operating cash flow was 103.8% of net income at ₹33.9 billion.
- IT services revenue of $2.60B rose 0.7% QoQ; constant-currency revenue up 0.3% QoQ but down 2.6% YoY.
- Large deal bookings of $2.85B surged 90.5% YoY; total bookings of $4.69B up 30.9% YoY in constant currency.
- Adjusted IT services margin of 17.2% expanded 0.4% YoY after excluding a ₹1.17B customer bankruptcy provision.
- Net income of $365.6M rose 1.2% YoY; EPS of $0.031 increased 1.0% YoY.
- Europe and APMEA returned to growth; three of four strategic market units grew sequentially.
Headline financials
Revenue & EPS history
Wipro · Revenue · Quarterly
$2.6B
Revenue by segment
Wipro · $2.6B total across 4 segments · Q2 2026
- Americas 1$861M—33.1%
- Americas 2$771M—29.6%
- Europe$685M—26.3%
- APMEA$288M—11.1%
Forward guidance
Wipro expects Q3 FY26 IT services revenue of $2.591B–$2.644B, or (-)0.5% to (+)1.5% sequentially in constant currency; excludes Harman Digital Transformation Solutions acquisition.
Tailwinds
- H1 FY26 bookings surpassed $9.5B with large deals exceeding full-year FY25 levels.
- Europe and APMEA returning to growth trajectory.
- Strong cash conversion at 104% of net income.
Headwinds
- Americas revenue still under pressure on reported basis.
- Customer bankruptcy provision of $13.1M impacted reported margin.
- Revenue still down 2.6% YoY in constant currency.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2026
-0.2%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+0.6%
Avg return
30 days after
44%
28 / 64 earnings
Positive
+14.1%
Q4 2021
Best reaction
-13.0%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | -6.8% | +0.4% | -13.1% | |
| Q2 2026 | -2.6% | -1.8% | -3.3% | |
| Q1 2026 | +3.4% | -0.3% | -7.8% | |
| Q4 2025 | -3.2% | -3.5% | +5.0% | |
| Q3 2025 | +6.7% | +10.9% | +10.0% | |
| Q2 2025 | +4.4% | +2.6% | +4.7% | |
| Q1 2025 | -13.0% | -14.8% | -12.0% | |
| Q4 2024 | +7.0% | +6.0% | +4.5% | |
| Q3 2024 | +7.1% | +6.0% | +9.1% | |
| Q2 2024 | -4.1% | -7.0% | -3.3% | |
| Q1 2024 | +3.8% | +7.4% | +4.9% | |
| Q4 2023 | +4.0% | +4.9% | +7.8% | |
| Q3 2023 | +0.8% | +2.7% | +1.2% | |
| Q2 2023 | -3.8% | -2.5% | +6.3% | |
| Q1 2023 | +0.4% | -0.2% | +2.7% | |
| Q4 2022 | -5.6% | -4.7% | -10.4% | |
| Q3 2022 | -9.2% | -9.8% | -23.4% | |
| Q2 2022 | +9.4% | +10.8% | +2.6% | |
| Q1 2022 | +2.5% | +3.1% | +11.3% | |
| Q4 2021 | +14.1% | +14.1% | +21.1% | |
| Q3 2021 | +0.3% | -2.0% | +3.2% | |
| Q2 2021 | -5.5% | -7.4% | -8.1% | |
| Q1 2021 | +13.5% | +12.4% | +26.5% | |
| Q4 2020 | -1.3% | -4.5% | -6.1% | |
| Q3 2020 | -4.1% | -2.3% | -3.3% | |
| Q2 2020 | +2.2% | +3.0% | +4.6% | |
| Q1 2020 | +1.9% | +0.2% | -8.9% | |
| Q4 2019 | -2.7% | +0.0% | +2.5% | |
| Q3 2019 | +2.0% | +3.6% | +8.2% | |
| Q2 2019 | +3.2% | +5.1% | +2.6% | |
| Q1 2019 | -2.1% | +0.2% | -2.7% | |
| Q4 2018 | -7.8% | -7.2% | -10.7% | |
| Q3 2018 | -5.1% | -4.5% | -3.3% | |
| Q2 2018 | -1.5% | -0.5% | -3.5% | |
| Q1 2018 | +11.3% | +12.5% | +9.6% | |
| Q4 2017 | +0.0% | +0.7% | +11.1% | |
| Q3 2017 | -2.7% | -4.8% | +0.2% | |
| Q2 2017 | -2.2% | -3.4% | -6.9% | |
| Q1 2017 | -3.2% | -5.1% | -7.8% | |
| Q4 2016 | -4.5% | — | — | |
| Q3 2016 | +0.0% | — | — | |
| Q2 2016 | -0.9% | — | — | |
| Q1 2016 | -3.8% | — | — | |
| Q4 2015 | -7.6% | — | — | |
| Q3 2015 | +8.2% | — | — | |
| Q2 2015 | -6.1% | — | — | |
| Q1 2015 | -3.0% | — | — | |
| Q4 2014 | -3.9% | — | — | |
| Q3 2013 | -1.2% | — | — | |
| Q2 2013 | -2.8% | — | — | |
| Q1 2013 | +1.3% | — | — | |
| Q4 2013 | -8.2% | — | — | |
| Q3 2012 | +3.4% | — | — | |
| Q2 2012 | +2.0% | — | — | |
| Q1 2012 | -0.6% | — | — | |
| Q4 2012 | +0.0% | — | — | |
| Q3 2011 | +2.3% | — | — | |
| Q2 2011 | -8.0% | — | — | |
| Q1 2011 | +0.4% | — | — | |
| Q4 2010 | +2.8% | — | — | |
| Q3 2010 | +0.0% | — | — | |
| Q2 2010 | +6.9% | — | — | |
| Q1 2010 | -1.0% | — | — | |
| Q4 2009 | +2.5% | — | — |
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