Wipro Limited (WIT) Earnings
Wipro Limited is expected to report next earnings on July 16, 2026 (in NaN days), with a consensus EPS estimate of $0.03. WIT has beaten EPS estimates in 2 of its last 12 reported quarters (average surprise -6.3% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 16, 2026 | $0.04 | $0.04 | +0.0% | $2.6B | -0.3% |
| Jan 16, 2026 | $0.04 | $0.03 | -25.0% | $2.6B | -0.9% |
| Jul 17, 2025 | $0.04 | $0.04 | +0.0% | $2.6B | +1.5% |
| Apr 16, 2025 | $0.04 | $0.04 | +0.0% | $2.6B | +2.3% |
| Jan 17, 2025 | $0.04 | $0.04 | +0.0% | $2.6B | -0.2% |
| Oct 17, 2024 | $0.04 | $0.04 | +5.4% | $2.7B | -5.9% |
| Jul 19, 2024 | $0.04 | $0.04 | +4.5% | $2.6B | -6.5% |
| Apr 19, 2024 | $0.04 | $0.04 | -2.1% | $2.7B | +0.2% |
| Jan 12, 2024 | $0.03 | $0.03 | -8.4% | $2.7B | +0.2% |
| Oct 18, 2023 | $0.03 | $0.03 | -11.2% | $2.7B | -1.7% |
| Jul 13, 2023 | $0.03 | $0.03 | -10.9% | $2.8B | -0.2% |
| Apr 27, 2023 | $0.04 | $0.04 | +0.0% | $2.8B | -1.0% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q3 FY2026 · January 16, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
### Broader Environment - Organizations are reshaping priorities with AI influencing planning, investment, and operations; AI is a board-level mandate. - Deal pipeline continues to show cost optimization, vendor consolidation, and shift towards AI-led transformation. ### Wipro Milestones - Completed 80 years as a company in December and 25 years on NYSE in October. ### Q3 Performance - IT Services sequential revenue $2.64B, grew 1.4% constant currency; operating margin 17.6% (expanded 0.4% over Q2 and 0.1% YoY); closed $3.3B TCV and $871M large deal bookings. ### Wipro Intelligence - 3 strategic pillars: - Industry platforms/solutions: Building consulting-led AI solutions like PayerAI, NetOxygen, AutoCortex. - Delivery platforms: WINGS (brings AI into operations) and Vega (adds AI-driven capabilities in dev lifecycle). - Wipro Innovation Network: Connects labs with partners, start-ups, etc.; launched innovation labs in 3 cities. - Examples of large deal wins: Leading UK education provider for multiyear transformation using WINGS; US fitness tech company for multiyear transformation using WINGS and Vega. ### HARMAN DTS - Acquisition complete; added engineering and AI capabilities, strengthening engineering global business line, opening new regions and industries, enabling larger transformation programs.
Guidance
### Q4 Guidance - Projecting sequential IT services revenue growth of 0% to 2.0% in constant currency. - Guidance includes incremental dilution from HARMAN DTS; impacted by fewer working days in Q4 and delayed ramp-ups of some large deals.
Segment performance
IT Services sequential revenue was $2.64 billion, growing 1.4% on a constant currency basis. Excluding HARMAN DTS acquisition, revenue grew 0.6% in constant currency. Operating margin was 17.6%, expanding 0.4% over adjusted quarter 2 margin and 0.1% year-on-year. Americas 1 had sequential and year-on-year growth; Americas 2 saw sequential decline; Europe grew sequentially led by a mega deal ramp-up; APMEA grew sequentially and year-on-year. BFSI grew 2.6% sequentially and 0.4% year-on-year; Health grew 4.2% sequentially and 1% year-on-year; Consumer grew 0.7% sequentially while declining 5.7% year-on-year; Tech and Com grew 4.2% sequentially and 3.5% year-on-year; EMR declined 4.9% sequentially and 5.8% year-on-year; Capco was flat year-on-year in Q3.
Risks & headwinds
- Macro market uncertainties affecting sectors like EMR and Consumer. - Delayed ramp-ups of large deals impacting Q4 growth. - Incremental dilution from HARMAN DTS acquisition affecting margins.
Analyst Q&A
Q: Nitin Padmanabhan asked about EMR vertical, deal pipeline, ramp-ups, and wage hikes.
A: Aparna mentioned large deals take a few quarters to ramp up; Srini said EMR pipeline is strong with momentum in energy (Americas and Europe) and manufacturing (Europe); Saurabh said salary hikes will be decided in next few weeks.
Q: Vibhor Singhal asked about consumer vertical outlook and tech/health vertical growth.
A: Srini said consumer vertical impacted by tariffs and SAP program hold; tech and health verticals doing well with health benefiting from open enrollment season and tech from large tech players and HARMAN acquisition.
Q: Ravi Menon asked about margin performance, sequential growth, Capco, and HARMAN impact on win rates.
A: Aparna and Srini discussed demand environment, vendor consolidation, and HARMAN DTS helping in tech and com, health, consumer, and EMR sectors.
Q: Sandeep Shah asked about deal TCV, margin guidance, and buyback.
A: Aparna said deal TCV lumps up, margin endeavor is 17% to 17.5%, and buyback is an option to return cash to shareholders.
Q: Kumar Rakesh asked about mix, margin, and acquisitions.
A: Srini said inorganic strategy aligned to priorities, looking for opportunities, and cash available for investments.
Q: Rishi Jhunjhunwala asked about headcount, restructuring cost, and D&A.
A: Saurabh said headcount driven by acquisition and large deal ramp-up; Aparna discussed restructuring and D&A related to acquisitions.
Q: Kawaljeet Saluja asked about excess cash, buyback, and impact of mega deal ramp-ups.
A: Aparna said buyback is an option, and mega deals delayed but will ramp up in coming quarters.