Shockwaves on the Street: Wipro’s Grim Q1 Outlook Sends US Shares Spiraling!

US-listed Wipro shares fell 4.6% in premarket trading following the Indian IT giant's Q1 revenue guidance, which disappointed investors already cautious about the sector's subdued outlook. The guidance, which indicates a potential sequential revenue decline of 0.5% to 1.5% in the next quarter, captures ongoing demand headwinds and continued softness in client discretionary expenditure—particularly in major verticals such as BFSI and consulting.

 

Analysts had been expecting a conservative tone, with the majority forecasting Q1 FY26 revenue growth guidance between -1% to +1% in constant currency terms. The warning reflects wider sector issues, such as slow deal ramp-ups and macroeconomic uncertainty in key markets. Even as Wipro has tried to stabilize margins through rupee depreciation gains and operational efficiency, the absence of robust revenue momentum is putting pressure on investor sentiment.

 

Market observers will watch closely for management's words on deal pipelines, client spending patterns, and strategic plans in the post-results call later today. The precipitous premarket decline indicates investors are preparing for a challenging near-term environment, with Wipro's ADRs lagging peers as Wall Street absorbs the guidance shock.

 

Sources: Business Standard, Moneycontrol, Business Today