Sydney, May 18, 2026, 06:11 AEST
WiseTech Global Ltd. heads into Monday’s Australian session trying to steady a sharp selloff, after the logistics software maker’s shares ended last week about 10% below their previous Friday close despite a late rebound.
The stock last traded at A$38.01 on Friday, up 3.65% on the day. That bounce followed three straight falls from Tuesday to Thursday and left WiseTech below its May 8 close of A$42.27.
The market was still shut at the dateline. ASX pre-open, the order-entry period before trading starts, begins at 7 a.m. Sydney time, with normal trading from 09:59:45 to 16:00.
Why it matters now is simple: WiseTech is no longer trading only on long-run growth hopes. Investors are marking every update against three nearer-term tests — its FY26 guidance, the folding of e2open into the group, and whether its artificial intelligence plan can cut costs without hurting product delivery.
WiseTech makes software used by freight forwarders and logistics companies, with CargoWise its flagship platform. Reuters’ company profile says WiseTech serves about 22,000 logistics companies and other participants across 193 countries.
The company in February reaffirmed FY26 revenue guidance of $1.39 billion to $1.44 billion and EBITDA of $550 million to $585 million. EBITDA means earnings before interest, tax, depreciation and amortisation, a measure of operating profit before some financing and accounting costs. CEO Zubin Appoo said WiseTech had “executed with discipline” and was “confident in our outlook,” while also saying “the era of manually writing code as the core act of engineering is over.”
Its May Macquarie Australia Conference deck kept the same pitch in front of investors: e2open has lifted scale, CargoWise’s new commercial model is broadly rolled out, and the company is presenting itself as infrastructure for global trade and logistics. The deck said CargoWise NCM had been rolled out to 95% of customers and that more than half of coding was being done using AI agents.
The share price tells a colder story. A Simply Wall St note published Saturday put WiseTech at A$38.01, down 44.55% year to date, with one-year total shareholder return down 62.43%.
Sector context is mixed. Xero, another large ASX software name, jumped 8.13% on Friday after a heavy fall the day before, while the S&P/ASX 200 still closed 0.1% lower at 8,630.8. WiseTech’s Monday open will show whether buyers are returning to beaten-down software broadly, or just picking spots.
There is still some support from parts of the market. Marc Jocum, senior product and investment strategist at Global X ETFs, told Reuters in February that recent WiseTech weakness was “more governance-driven than fundamental,” after the company reaffirmed fiscal 2026 guidance. Reuters
But the downside case remains clear. A May 17 Simply Wall St note said the key near-term risk is that slowing organic growth and the complexity of integrating e2open weaken confidence in execution; WiseTech’s own guidance also depends on market conditions not changing materially, including trends in supply-chain volumes. If global trade slows, or if AI-linked cuts disrupt service and product work, Friday’s bounce could look more like a pause than a turn.
