Wipro posts muted Q2 growth and cautious Q3 revenue outlook
+2 new sources since this summary was written
Wipro approved fiscal second-quarter results on October 15, 2026, for the quarter ended September 30. GAAP EPS was $0.03 and revenue was $2.58 billion; revenue was flat sequentially in constant currency and up 0.6% year over year on that basis, while operating margin improved to 16.5%. Wipro guided Q3 IT services revenue growth to -1.5% to 0.5% in constant currency, and deal wins were $2.6B, a 19-quarter low.
Why it matters
The Q3 outlook allows for a sequential revenue decline, increasing near-term pressure on growth. The weak deal-win figure makes execution of delayed contracts important to future bookings, while the higher operating margin provides an offset.
Key facts
- 1Wipro's board approved the audited financial results for the quarter and six months ended September 30, 2026, on October 15, 2026. marketscreener.com
- 2Q2 GAAP EPS was $0.03 and revenue was $2.58B. seekingalpha.com
- 3Operating margin reached 16.5%, while revenue was flat sequentially in constant currency and up 0.6% year over year on that basis. uk.investing.com
- 4Wipro guided Q3 IT services revenue growth to negative 1.5% to positive 0.5% in constant currency. uk.investing.com
- 5Q2 deal wins totaled $2.6B, described as a 19-quarter low. finance.biggo.com
Open questions
- Material 13 reports Q2 revenue of ₹24,667 crore, while other materials report ₹24,752.7 crore or ₹24,753 crore; the difference is not reconciled.
- Reported Q2 net profit varies across materials, including ₹3,199.7 crore, ₹3,200.6 crore and 32 billion rupees, with no reconciliation of the differing figures.
Summary written by AlphAI AI Desk from 20 of 32 sources. Not investment advice. Figures are as stated by the linked sources.