Wipro (NYSE:WIT) Shares Gap Down Following Weak Earnings

Posted by Defense World Staff on Jan 18th, 2026

Wipro Limited (NYSE:WIT – Get Free Report)’s stock price gapped down prior to trading on Friday following a dissappointing earnings announcement. The stock had previously closed at $2.97, but opened at $2.79. Wipro shares last traded at $2.7950, with a volume of 1,218,660 shares.

The information technology services provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Wipro had a net margin of 15.06% and a return on equity of 15.80%. The business had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.63 billion.

More Wipro News

Here are the key news stories impacting Wipro this week:

Positive Sentiment: Revenue outperformed some street views and was helped by growth in parts of the Americas business (communications, health, consumer), supporting top-line momentum. India’s Wipro beats third-quarter revenue view
Positive Sentiment: Management highlighted improved margins — described as some of the best in years — which helped offset part of the profit weakness and signals operating leverage. Wipro’s Best Margins In Years Can’t Mask Soft Bookings, Profit Dip
Neutral Sentiment: The company posted IFRS quarterly results and released formal financials for the quarter ended Dec 31, 2025 — the official release provides line-by-line numbers investors will parse for cash flow, segment details and any guidance. Wipro Announces Results for the Quarter Ended December 31, 2025
Neutral Sentiment: Full earnings and press-conference transcripts are available for investors needing management commentary and Q&A that shed light on bookings, demand trends, and AI investment plans. Wipro Limited (WIT) Q3 2026 Earnings Call Transcript Wipro Limited (WIT) Q3 2026 Press Conference Call Transcript
Negative Sentiment: Reported EPS missed consensus (reported $0.03 vs. $0.04 expected) and revenue figures were slightly below some estimates, which is a primary driver of downward pressure on the stock. Wipro earnings / conference call
Negative Sentiment: Management commentary pointed to soft bookings and a dip in profit despite margin improvements; that weak demand signal weighs on near-term revenue visibility and investor sentiment. Wipro’s Best Margins In Years Can’t Mask Soft Bookings, Profit Dip

Wall Street Analyst Weigh In

WIT has been the subject of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Wipro in a research report on Thursday, October 30th. CLSA lowered Wipro from an “outperform” rating to a “hold” rating in a report on Monday, October 20th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

View Our Latest Analysis on WIT

Hedge Funds Weigh In On Wipro

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp grew its holdings in Wipro by 3.4% during the 2nd quarter. State Street Corp now owns 22,803,389 shares of the information technology services provider’s stock worth $68,866,000 after acquiring an additional 746,088 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in Wipro by 4.1% during the second quarter. Acadian Asset Management LLC now owns 21,841,995 shares of the information technology services provider’s stock valued at $65,948,000 after purchasing an additional 864,481 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Wipro by 25.9% in the 3rd quarter. Millennium Management LLC now owns 21,305,291 shares of the information technology services provider’s stock valued at $56,033,000 after purchasing an additional 4,382,854 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Wipro by 8.6% during the 3rd quarter. First Trust Advisors LP now owns 16,654,556 shares of the information technology services provider’s stock valued at $43,801,000 after buying an additional 1,317,586 shares in the last quarter. Finally, UBS Group AG boosted its stake in shares of Wipro by 165.0% in the 3rd quarter. UBS Group AG now owns 13,044,840 shares of the information technology services provider’s stock worth $34,308,000 after buying an additional 8,122,275 shares during the last quarter. Institutional investors own 2.36% of the company’s stock.

Wipro Stock Down 7.1%

The company’s 50 day moving average is $2.81 and its two-hundred day moving average is $2.78. The company has a market capitalization of $28.90 billion, a PE ratio of 19.72, a PEG ratio of 16.65 and a beta of 1.03.

About Wipro

(Get Free Report)

Wipro Limited (NYSE: WIT) is an Indian multinational corporation that provides information technology, consulting and business process services. Headquartered in Bengaluru, India, the company traces its origins to 1945 when it was founded as Western India Vegetable Products and later diversified into technology and IT services. Today Wipro positions itself as a provider of enterprise IT solutions and digital transformation services for large and mid-sized organizations across multiple industries.

The company’s service portfolio includes application development and maintenance, cloud and infrastructure services, data analytics and AI, cybersecurity, digital consulting, product engineering and research and development, as well as business process services.