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Wipro Posts Margin Expansion and Strong Cash Flows in Q3 FY26 as AI-Led Deals Offset Softer Bookings

Story Highlights
  • Wipro’s Q3 FY26 revenue and margins improved, with IT services operating margin rising to 17.6% despite weaker year-on-year net income.
  • Total and large deal bookings declined versus last year, but strong cash flows, an interim dividend, and renewed AI-driven strategic deals reinforced Wipro’s market positioning.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Wipro Posts Margin Expansion and Strong Cash Flows in Q3 FY26 as AI-Led Deals Offset Softer Bookings

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Wipro ( (WIT) ) just unveiled an announcement.

On January 16, 2026, Wipro announced its financial results for the quarter ended December 31, 2025, reporting gross revenue of ₹235.6 billion, up 3.8% quarter-on-quarter and 5.5% year-on-year, while IT services segment revenue grew 1.2% sequentially and 0.2% year-on-year to $2.64 billion. IT services operating margin improved to 17.6%, its best in recent years, even as reported net income declined 3.9% sequentially and 7.0% year-on-year to ₹31.2 billion and earnings per share fell similarly; adjusted for labour code changes, however, net income and EPS showed modest growth. Total deal bookings for the quarter were $3.3 billion with large deal bookings of $0.9 billion, both lower year-on-year in constant currency, but operating cash flow remained strong at 135.4% of net income, supporting an interim dividend of ₹6 per share. Wipro also highlighted a series of renewed and expanded multi-year strategic deals across technology, health insurance, manufacturing, and facilities management, underscoring growing client adoption of its Wipro Intelligence AI platforms and AI-led delivery models, which management positioned as key differentiators in an environment of moderated booking growth but improving profitability and cash generation.

The most recent analyst rating on (WIT) stock is a Hold with a $3.00 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.

Score is driven by solid financial quality (strong margins and low leverage) and a supportive dividend, tempered by weakening recent free-cash-flow trend and a mixed technical setup. Earnings-call guidance and commentary point to steady margins but limited near-term growth visibility, keeping the overall outlook balanced rather than strongly bullish.

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 based in India, providing IT services, digital transformation, and AI-enabled platforms and solutions to global clients across industries. The company focuses on large, multi-year technology and business transformation engagements, including cloud, automation, and data-driven services, with a strong presence in North America, Europe, and other key markets.

Average Trading Volume: 7,073,282

Technical Sentiment Signal: Sell

Current Market Cap: $28.29B

Find detailed analytics on WIT stock on TipRanks’ Stock Analysis page.

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