Sydney, Feb 24, 2026, 18:16 AEDT — Trading after hours
- WiseTech Global slipped another 3.7% to finish at A$42.99, deepening its two-day drop.
- Investors pulled back from risk, sending tech stocks lower after the Wall Street selloff.
- WiseTech’s half-year numbers land Wednesday, catching traders’ attention.
WiseTech Global Ltd slid again on Tuesday, closing 3.7% lower at A$42.99. That followed a 5.2% decline the day before.
Logistics software maker shares slid alongside the wider tech sector on the Australian market, despite the S&P/ASX 200 finishing more or less flat.
The clock’s ticking for investors, with just days left before WiseTech drops its half-year numbers on Feb. 25—a moment likely to shake up the story after weeks of Australian tech valuations taking a beating.
Australia’s tech index slid roughly 3% on the day, marking lows last seen late in 2023, MarketIndex data showed. Morgan Stanley, quoted by the site, pointed to an ongoing “de-rate in multiple” as clients remain more interested in selling than buying at these prices. Market Index
WiseTech slipped, and it wasn’t the only one. Xero, TechnologyOne, and Megaport all headed south as well, with investors stepping back from the high-growth cohort.
Wall Street tumbled overnight, with software names under pressure. Investors reconsidered the price tag for new AI tech and the threats it poses to incumbent business models, sending stocks lower.
“The question about AI is twofold: How much is it going to cost, and who all is going to be disrupted?” wrote Tom Hainlin, national investment strategist at U.S. Bank Wealth Management, commenting on the U.S. selloff. Reuters
WiseTech investors will be watching Wednesday’s report for a clear read on revenue growth versus margins, with attention also on integration expenses and operating discipline after the e2open buy.
If the company delivers yet another weak margin or earnings forecast, investors might see more downside ahead for the stock’s multiple—particularly with global tech sentiment still unsettled. That would likely keep the pressure on.
WiseTech is set to report its half-year earnings and unveil its interim dividend on Wednesday, Feb. 25. That day, a handful of other major Australian companies will also drop their results.
