Wipro, Tech Mahindra Q1 Results 2026 LIVE: IT stocks mixed ahead of key earnings

Wipro and Tech Mahindra are set to announce Q1 FY26 results today. Wipro is expected to report a 1.5 percent QoQ dip in IT services revenue, with EBIT margins falling 30 bps QoQ, and may guide for a 2 percent dip to flat QoQ growth in constant currency for Q2 FY27. Tech Mahindra is expected to post 1 percent QoQ revenue growth in constant currency, supported by telecom deal ramp-ups, with EBIT margins improving 50 bps QoQ to 14.3 percent. Shares of both companies traded higher ahead of the results announcement.