Wipro (WIT) to Release Earnings on Thursday

Wipro (NYSE:WIT) is expected to be issuing its Q1 26/27 results before the market opens on Thursday, July 16th. Analysts expect Wipro to announce earnings of $0.03 per share and revenue of $2.6074 billion for the quarter. Investors are encouraged to explore the company’s upcoming Q1 26/27 earning overview page for the latest details on the call scheduled for Thursday, July 16, 2026 at 9:30 AM ET.

Wipro (NYSE:WIT) last announced its earnings results on Thursday, April 16th. The information technology services provider reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04. The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.65 billion. Wipro had a return on equity of 14.97% and a net margin of 14.25%. On average, analysts expect Wipro to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Wipro Stock Down 1.4%

WIT opened at $1.82 on Thursday. The stock has a market cap of $19.12 billion, a PE ratio of 13.04, a PEG ratio of 3.98 and a beta of 0.97. The business has a 50 day moving average of $2.09 and a 200-day moving average of $2.31. Wipro has a 52 week low of $1.80 and a 52 week high of $3.12.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. cut Wipro from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $2.20 to $1.70 in a research note on Wednesday, June 24th. Weiss Ratings raised Wipro from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, June 29th. Two investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $1.70.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of WIT. Morgan Stanley lifted its holdings in shares of Wipro by 65.0% during the fourth quarter. Morgan Stanley now owns 48,531,368 shares of the information technology services provider’s stock valued at $137,829,000 after purchasing an additional 19,114,904 shares in the last quarter. State Street Corp increased its holdings in Wipro by 0.8% in the 4th quarter. State Street Corp now owns 23,861,012 shares of the information technology services provider’s stock worth $67,765,000 after buying an additional 179,034 shares in the last quarter. Millennium Management LLC increased its holdings in 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 worth $56,033,000 after buying an additional 4,382,854 shares in the last quarter. Defiance ETFs LLC purchased a new position in Wipro in the 4th quarter worth about $39,525,000. Finally, UBS Group AG raised its position in 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. Hedge funds and other institutional investors own 2.36% of the company’s stock.

Wipro Company Profile

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.