Wipro (WIPRO) Q4 25/26 (Media) earnings summary

Executive summary

• IT services revenue for Q4 was $2.65B, up 0.2% sequentially, down 0.2% year-over-year in constant currency.

• Operating margin for Q4 was 17.3%, down 30 bps sequentially; full-year margin at 17.2%, up 15 bps year-over-year.

• Order booking for Q4 reached $3.5B, up 3.2% sequentially but down 13.9% year-over-year; 14 large deals totaling $1.4B closed.

• Audited consolidated and standalone financial results for the quarter and year ended March 31, 2026, were approved, with unmodified audit opinions issued.

• The company operates in IT Services and IT Products segments, with global operations and a broad subsidiary base.

Financial highlights

• Q4 IT services revenue grew 0.2% sequentially in constant currency, 0.6% in reported currency.

• Full-year IT services revenue was $10.5B, a 1.6% year-over-year decline.

• Consolidated revenue from operations for FY26 was ₹926,240 million, up from ₹890,884 million year-over-year.

• Net income for Q4 was INR 35B; adjusted net income rose 3.7% sequentially and 2.2% year-over-year.

• EPS for Q4 was INR 3.3; full-year EPS at INR 12.6.

Outlook and guidance

• Q1 FY 2027 revenue guidance: $2.597B–$2.651B, translating to -2% to 0% sequential growth in constant currency.

• Guidance includes impact from recent acquisitions, factored for half the quarter.

• Management expects margin volatility in Q1 due to salary increases and large deal ramp-ups.

• The company announced a buyback proposal for up to 600 million shares at ₹250 per share, subject to shareholder approval.

• Two acquisitions were announced post-year-end: Mindsprint (USD 375 million) and select contracts of Alpha Net Consulting (USD 70.8 million), both expected to close by June 2026.