Wipro (WIPRO) Q3 25/26 (Media) earnings summary

Executive summary

• IT services revenue for Q3 reached $2.64 billion, up 1.4% sequentially in constant currency, with broad-based growth across most markets and sectors.

• Operating margin expanded to 17.6%, marking one of the best performances in recent years.

• Interim dividend of INR 6 per share declared, with over $1.3 billion distributed to shareholders in FY 2026.

• Audited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, were approved by the Board on January 16, 2026.

• Statutory auditors issued unmodified opinions on both standalone and consolidated results.

Financial highlights

• Q3 IT services revenue grew 1.4% sequentially in constant currency and 0.2% year-on-year in reported currency.

• Consolidated revenue from operations for Q3 FY26 was ₹235,558 million, up from ₹223,188 million in Q3 FY25.

• Adjusted net income was INR 33.6 billion, with adjusted EPS at INR 3.21, up 3.5% sequentially and flat year-on-year.

• Operating cash flow was 135% of net income; gross cash including investments stood at $6.5 billion.

• Basic EPS for Q3 FY26 was ₹2.98, compared to ₹3.21 in Q3 FY25.

Outlook and guidance

• Q4 IT services revenue guidance is $2.635–$2.688 billion, translating to 0–2% sequential growth in constant currency.

• Guidance includes incremental revenue from Harman DTS and factors in fewer working days and delayed ramp-ups in large deals.

• The company continues to monitor the impact of new labour codes and will adjust accounting treatment as further government clarifications are issued.