Wipro Q2 FY26 Results: Revenue Beats, Profit Slightly Misses

Revenue beat offset by profit miss

Wipro Ltd posted its Q2 FY26 earnings, delivering a modest revenue beat but falling short on profitability. Consolidated revenue from operations stood at ₹226.97 billion, marginally ahead of analyst expectations. However, net profit came in at ₹32.46 billion, slightly below the IBE-S estimate of ₹33.01 billion, reflecting margin pressures and slower discretionary spending.

The company’s total bookings for the quarter reached $4.688 billion, indicating healthy deal momentum despite macroeconomic headwinds.

Q3 guidance reflects cautious optimism

For Q3 FY26, Wipro expects IT services revenue to be in the range of $2.591 billion to $2.644 billion. This guidance suggests a sequential growth outlook of 0.5% to 2.5%, signaling cautious optimism amid global demand softness. The company continues to focus on cloud, cybersecurity, and GenAI-led transformation deals to drive future growth.

US-listed shares of Wipro fell 1.5% in premarket trading following the earnings release, reflecting investor concerns over the profit miss and conservative guidance.

Key highlights from the earnings report

• Q2 consolidated revenue from operations: ₹226.97 billion
• IBE-S revenue estimate: ₹226.90 billion
• Q2 net profit: ₹32.46 billion vs estimate of ₹33.01 billion
• Total bookings for Q2: $4.688 billion
• Q3 FY26 IT services revenue guidance: $2.591 billion to $2.644 billion
• US-listed shares down 1.5% in premarket after results

Strategic focus and market sentiment

Wipro’s leadership emphasized continued investments in emerging technologies and delivery optimization. The company is expanding its presence in Tier-II cities and enhancing its talent pipeline to support long-term growth. Analysts remain divided on near-term performance but acknowledge Wipro’s strong deal pipeline and operational discipline.

Sources: Wipro Investor Relations, Economic Times, Moneycontrol, Reuters