SYDNEY, June 17, 2026, 08:02 AEST
- WiseTech ended the session at A$36.79, shedding 4.22%. Shares moved between A$36.70 and A$38.00.
- The ASX 200 closed just above the flatline on Tuesday. The S&P/ASX 200 Information Technology sector dropped 0.91%.
- WiseTech Global’s AI-driven cost reset, progress on the e2open integration and the Aug. 26 full-year results are on investors’ radar.
WiseTech Global shares face pressure going into Wednesday’s Australian session. The logistics software group dropped 4.2% on Tuesday as the stock lagged a steady wider market.
The ASX sat in its pre-open window at the dateline time. Regular trading on the exchange runs 09:59:45 to 16:00 in Sydney. The pre-open kicks off from 07:00.
WiseTech is seen as a big test for high-growth software stocks on the ASX. Shares have slumped this year, and the stock finished Tuesday near its 52-week low at A$35.54, putting its market cap around A$12.37 billion.
Australia’s central bank kept its cash rate steady at 4.35% on Tuesday, but left the door open for more hikes, putting a lid on growth stocks. The Reserve Bank of Australia said it could lift rates again if needed, which weighs on stocks priced on future profits. Reserve Bank of Australia Westpac chief economist Luci Ellis said the bank “explicitly signalled that further hikes remain on the table.” Westpac IQ
Investors will be waiting a while for the next WiseTech event. The company’s investor calendar puts its 2026 full-year results on August 26, with the annual general meeting set for November 27.
Right now, the market is digesting WiseTech’s February half-year numbers. The company posted first-half revenue of $672.0 million, a jump of 76%. Net profit after tax dropped 36% to $68.1 million. But underlying NPAT, which removes acquisition amortisation and M&A expense, rose 2% to $114.5 million.
The company stuck to its FY26 revenue outlook of $1.39 billion to $1.44 billion and said it still sees EBITDA at $550 million to $585 million. That guidance does not reflect any impact from the headcount cuts it already announced. EBITDA, or earnings before interest, tax, depreciation and amortisation, is a measure investors watch for operating profit before financing and some non-cash costs.
Cost reset is still at the center of the debate. Back in February, Reuters said WiseTech was set to axe about 2,000 jobs, roughly 29% of its global headcount, as part of a two-year AI overhaul. Marc Jocum, senior product and investment strategist at Global X ETFs, said then that “recent share price weakness was more governance-driven than fundamental,” and he saw the broader trajectory as sustainable even with the current upheaval. Reuters
Peers traded mixed, suggesting WiseTech’s slide was more about the stock than the sector. Xero dropped 1.72% on Tuesday. NextDC, which runs data centres, gained 0.41%. WiseTech’s loss outpaced both.
The trade isn’t simple. A steady rate outlook, stronger August numbers, or visible AI restructuring savings could pull in buyers again. But with e2open integration costs, higher debt, and job cut upheaval, headwinds may last longer. Any dip in global trade volumes would also pressure the assumptions that underpin WiseTech’s guidance.
