Wipro Posts FY 2026 Results and Unveils ₹150 Billion Share Buyback
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Wipro ( (WIT) ) has provided an announcement.
On April 16, 2026, Wipro reported its results for the quarter and year ended March 31, 2026, showing modest top-line growth and stable profitability while underscoring its pivot to AI-centric services. Quarterly gross revenue rose 2.9% sequentially and 7.7% year-on-year to ₹242.4 billion, with IT services revenue up 0.6% QoQ and 2.1% YoY in dollar terms, though constant-currency IT services revenue was nearly flat.
For the full year, gross revenue grew 4% to ₹926.2 billion even as IT services revenue slipped 0.3% in dollar terms, but operating margins improved slightly to 17.2% and adjusted net income increased 2.2% year-on-year, reflecting tight cost control. Strong bookings momentum, including a 45.4% annual surge in large deal bookings to $7.8 billion and a 14% rise in total bookings to $16.4 billion, points to a firm medium-term pipeline despite a subdued near-term revenue outlook.
Operating cash flow remained robust at 112.6% of net income for FY 2026, though cash generation declined year-on-year, and voluntary attrition eased to 13.8% on a trailing 12-month basis, suggesting improved workforce stability. In a significant capital allocation move, Wipro’s board approved a share buyback of up to ₹150 billion, or about 5.7% of its equity capital, and confirmed that interim dividends declared in July 2025 and January 2026 will serve as the final dividend for the year, signaling confidence in cash flows and providing direct returns to shareholders.
Management highlighted that advances in artificial intelligence are reshaping client spending priorities and positioning Wipro to deepen relationships through its new AI Native Business & Platforms unit. While the company guided for flat to slightly negative sequential IT services revenue for the June 2026 quarter in constant currency, the combination of rising large deal wins, solid margins, and an aggressive buyback is likely to be closely watched by investors assessing Wipro’s competitiveness in an AI-first technology services market.
The most recent analyst rating on (WIT) stock is a Hold with a $2.20 price target. To see the full list of analyst forecasts on Wipro stock, see the WIT Stock Forecast page.
Spark’s Take on WIT Stock
According to Spark, TipRanks’ AI Analyst, WIT is a Neutral.
The score is driven primarily by solid financial quality (profitability and a strong, low-leverage balance sheet) but tempered by uneven growth and softening cash-flow momentum. Technicals remain mixed with longer-term weakness, while valuation is supported by a high dividend yield but not especially cheap on earnings given modest growth. Earnings-call commentary adds near-term caution from weak guidance and YoY bookings declines, partly offset by major deal wins, buyback, and margin discipline.
To see Spark’s full report on WIT stock, click here.
More about Wipro
Wipro Limited is a leading AI-powered technology services and consulting company headquartered in India, serving global clients with IT services, cloud, digital, and platform-based solutions. The company focuses on large, complex transformation deals across sectors, increasingly positioning itself around AI-native business models and services-as-a-software offerings.
Average Trading Volume: 12,973,418
Technical Sentiment Signal: Sell
Current Market Cap: $23.55B
See more data about WIT stock on TipRanks’ Stock Analysis page.
