Wipro sets Q2 guidance. Wipro stock gains 2.70 percent

Published on 10/09/2026 at 11:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Wipro guided USD 2.574-2.627 billion for Q2 FY27 on October 5, 2026. Wipro stock costs EUR 1.52 after EUR 1.48, plus 2.70 percent.

Key points in brief

Wipro set IT Services revenue guidance of USD 2.574 billion to USD 2.627 billion for the second quarter of fiscal 2027.
Wipro stock was trading at EUR 1.52 at Lang & Schwarz on October 9, 2026, up 2.70 percent versus the EUR 1.48 prior close.
Wipro's market capitalization was USD 16.5 billion, with a 52-week range of USD 1.59 to USD 3.09 as of October 8, 2026.
The company is scheduled to approve its second-quarter results on October 15, 2026.

WIT, US97651M1099, Illustration mit AI erstellt.

Wipro (ISIN US97651M1099) set IT Services revenue guidance of USD 2.574 billion to USD 2.627 billion for the second quarter of fiscal 2027 on October 5, 2026, according to Upstox. Wipro stock was trading at EUR 1.52 at Lang & Schwarz on October 9, 2026 at 11:20 a.m. CEST, up 2.70 percent versus the prior close of EUR 1.48 on October 8, 2026.

Guidance points to limited growth

The guidance implies sequential IT Services revenue growth between a decline of 1.50 percent and an increase of 0.50 percent in constant currency terms, Upstox reported on October 5, 2026. That range puts execution, rather than headline expansion, at the center of the next results update.

What does the guidance imply?

Wipro reported gross revenue of INR 244.80 billion for the quarter ended June 30, 2026, up 10.60 percent year over year but only 1.00 percent quarter over quarter, according to Upstox. Net profit was INR 33.60 billion, down 4.70 percent quarter over quarter and up 0.60 percent year over year, while earnings per share reached INR 3.20.

Analyst pressure remains visible

On June 24, 2026, JPMorgan lowered Wipro from Neutral to Underweight and cut its price target from USD 2.20 to USD 1.70, according to MarketBeat. On August 19, 2026, CLSA cut its rating from Hold to Underperform, while the consensus target cited by MarketBeat was USD 1.70.

Three events shape the setup

On June 24, 2026, JPMorgan's USD 2.20-to-USD 1.70 target change marked a lower valuation reference, according to MarketBeat. On August 19, 2026, CLSA moved to Underperform, and on October 5, 2026, Wipro's USD 2.574 billion to USD 2.627 billion guidance set the current operating benchmark, according to Upstox.

Results dates are already set

The next dates are October 14, 2026, for the board meeting, and October 15, 2026, for approval of the second-quarter results, according to MarketBeat. The results are expected before the US market opens on October 15, 2026.

Wipro stock holds a low valuation base

Wipro's market capitalization was USD 16.5 billion as of October 8, 2026, with a 52-week range of USD 1.59 to USD 3.09. The NYSE-listed stock was trading at EUR 1.52 at Lang & Schwarz on October 9, 2026 at 11:20 a.m. CEST, versus the EUR 1.48 prior close and a daily gain of 2.70 percent. The further course of trading is shown by the continuously updated real-time quote of Wipro stock.