Wipro stock costs EUR 1.88 as Q3 guidance stays cautious

Wipro (ISIN US97651M1099) was trading at EUR 1.88 at Lang & Schwarz on October 26, 2026, at 9:06 a.m. CET. The company reported September-quarter revenue of USD 2.583 billion and issued a December-quarter guidance range of USD 2.571 billion to USD 2.625 billion, according to FT.com on October 15, 2026.

Revenue grew as profit declined

For the quarter ended September 30, 2026, gross revenue increased 9.1 percent year over year to USD 2.583 billion. Net income fell 1.9 percent year over year to USD 333.9 million, while earnings per share rose 4.2 percent to USD 0.03. The figures were reported under International Financial Reporting Standards.

Operating performance was mixed. IT services operating margin reached 16.50 percent, up 0.50 percentage points from the previous quarter, while total bookings fell 22.90 percent sequentially in constant currency to USD 2.595 billion. Large deal bookings declined 58.60 percent to USD 674.00 million.

What does the guidance mean?

The December-quarter range implies sequential constant-currency growth of minus 1.50 percent to plus 0.50 percent. That narrow band places the focus on whether Wipro can convert strategic investments and customer relationships into stronger bookings. The company said its IT services business was flat sequentially in constant currency during the September quarter.

NDTV Profit reported on October 16, 2026, that Jefferies raised its target from INR 150.00 to INR 155.00 while retaining an Underperform rating. Citi raised its target from INR 140.00 to INR 145.00 and kept a Sell rating. Both views kept attention on weak deal wins and the cautious growth outlook.

Cash flow offsets weak bookings

Operating cash flow reached USD 553.6 million in the September quarter, equal to 165.80 percent of net income. Voluntary attrition was 13.80 percent on a trailing 12-month basis. For investors, the contrast is clear: cash conversion and margin improved, but the contract pipeline weakened.

Stock value and trading context

Wipro had a market capitalization of USD 20.9 billion as of October 23, 2026, based on the latest quoted market value. On the NYSE, the stock was last quoted at USD 2.11 at 4:00 p.m. ET on October 23, 2026. The primary listing is separate from the euro quotation used for German investors.

Wipro was trading at EUR 1.88 at Lang & Schwarz on October 26, 2026, at 9:06 a.m. CET. The further course of trading is shown by the continuously updated real-time quote of Wipro stock.

Market context: Market report S&P 500.

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