Sydney, May 19, 2026, 09:05 AEST
- WiseTech finished Monday at A$38.20, up 0.5% for the day, though still down 9.65% from a week ago.
- The S&P/ASX 200 closed down 1.45% on Monday. Normal ASX trading starts up again at 9:59 a.m. AEST.
- Investors look at FY26 guidance, AI-related job cuts, and a new CargoWise pricing model rollout.
WiseTech Global Ltd gained 0.50% Monday, closing at A$38.20. The stock traded between A$37.86 and A$39.50. That’s after a rough week for the Australian logistics-software group. Tuesday’s ASX cash market open will test the shares early. Investing
Small rebound for WiseTech, still well underwater compared to last week. WiseTech stayed 9.65% lower than its close seven days back. The S&P/ASX 200 dropped 1.45% to 8,505 on Monday. Intelligent Investor
So Tuesday’s session is seen less as a reaction to one move and more as a test of faith in the company’s earnings outlook. Regular ASX trading is set for 9:59 a.m. to 4:00 p.m. AEST in Sydney. TradingHours
WiseTech sells software for freight forwarders and logistics firms. According to Reuters, its CargoWise system runs logistics transactions for 22,000 companies and users in 193 countries, handling different offices, currencies, countries and languages. Reuters
The 2026 question for the stock is mostly about guidance, AI and pricing. Back in February, the company kept its forecast for fiscal 2026 revenue between US$1.39 billion and US$1.44 billion and EBITDA in the US$550 million to US$585 million range. EBITDA stands for earnings before interest, tax, depreciation and amortisation—a standard measure of cash profit.
The same briefing set the EBITDA margin for FY26 between 40% and 41%, with the company noting this guidance does not account for impacts from restructuring plans announced that day. Management also said roughly 95% of CargoWise customers are now using the new CargoWise Value Packs commercial model, the revised pricing scheme for the platform.
WiseTech CEO Zubin Appoo said the layoffs tie back to AI automation. Reuters said in February the company was set to cut about 2,000 jobs—or about 29% of its global headcount—and quoted Appoo: “The era of manually writing code as the core act of engineering is over.” Reuters
AI hasn’t been a straightforward win for the market. Marc Jocum, a senior product and investment strategist at Global X ETFs, told Reuters recent weakness seemed “more governance-driven than fundamental.” After shares dropped again, investors have less room for disappointment. Reuters
Australian software is not seeing a clean shift yet, even as William Taylor at ETF Shares said last month that the sector was moving from worrying about AI to seeing it boost margins. He pointed to WiseTech “using AI to replace its own costs.” That call hasn’t seen much backing in the market. Livewire Markets
Tech stocks on the S&P/ASX 200 moved unevenly Monday, with the sector down 1.09%. Xero slipped 2.01%. Pro Medicus added 2.79%. Data is from Google Finance. Google
Monday’s gain could still be short-lived. WiseTech says its outlook doesn’t include restructuring effects and points to ongoing uncertainty over the economy, industrial production, global trade, sovereign and geopolitical risk, and getting its accounting in line with e2open. Softer volumes or slower savings from AI would put pressure on its margin target.
WiseTech’s next test comes with its full-year results on Aug. 26, the company’s investor calendar shows. Until that, the focus for the share price probably stays on whether management holds its 40% to 41% margin target, not just Monday’s bounce. WiseTech Global
