Wipro stock heads into October 15 results with soft guidance

Published on 10/07/2026 at 10:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Wipro stock faces October 15 results after guidance of USD 2.574 billion-USD 2.627 billion for Q2 FY27. The latest quarter delivered 10.6 percent year over year revenue growth.

WIT, US97651M1099, Illustration mit AI erstellt.

Wipro stock (ISIN US97651M1099) was last at USD 1.68 on the NYSE on October 6, 2026 at 4:00 p.m. ET, down 0.59 percent from the previous close. The immediate test is the company's Q2 FY27 report, with IT services guidance pointing to a revenue range of USD 2.574 billion to USD 2.627 billion.

October 15 results set the test

According to Upstox on October 5, 2026, Wipro's board will approve the September-quarter results on October 15, 2026. The guidance implies constant-currency sequential growth between a decline of 1.5 percent and growth of 0.5 percent, leaving execution and demand as the central issues for the report.

The results will cover both the second quarter and first half of fiscal 2027, and the company plans to report after market hours. That timing gives investors a defined checkpoint for comparing the guidance range with the delivered revenue and margin performance.

June quarter showed mixed signals

For Q1 FY27, Upstox reported gross revenue of INR 244.80 billion, up 10.6 percent year over year, while net profit reached INR 33.60 billion, up 0.6 percent year over year but down 4.7 percent quarter over quarter. EPS was INR 3.20, down 4.2 percent quarter over quarter and up 0.6 percent year over year.

The comparison matters because the revenue increase did not translate into sequential earnings growth. Operating cash flow was INR 32.90 billion, or 98.0 percent of net income, while the interim dividend was INR 2 per equity share, according to the same Q1 update from Upstox.

Analysts keep downside in view

DBS analyst Sachin Mittal maintained a Sell rating and cut the target from USD 2.02 to USD 1.38 on October 6, 2026, as reported by Futu News. The move adds a negative analyst counterweight ahead of the results, particularly because the new target sits below the October 6 market price.

The consensus compiled by Investing.com is Sell across 7 analysts, with an average 12-month target of USD 1.666, a high of USD 1.90 and a low of USD 1.56. At USD 1.68, the stock stands 0.8 percent above the average target, making the October 15 figures important for any change in that balance.

Wipro stock stays below USD 2

WIT's October 6 price of USD 1.68 was 45.6 percent below the 52-week high of USD 3.09 and 5.7 percent above the low of USD 1.59. Trading volume was 8,275,072 shares, and market capitalization stood at USD 16.6 billion as of October 6, 2026.