Why did the WiseTech Global share price jump today?

Investors rewarded a clearer path to productivity and margins. WiseTech plans to cut 2,000 roles, about 29% of staff, over 18 months as AI agents replace manual coding and reduce client support needs. Despite a 36% statutory profit drop, the market focused on operating leverage, pushing WTC ASX up about 11% on strong volume.

What do the WiseTech job cuts mean for margins?

Management says AI agents will lower client labour and shrink support costs, which should lift gross and operating margins over time. If the 18‑month reductions land as guided and service quality holds, margin expansion can support cash flows. Any disruption to delivery cadence could delay benefits and weigh on the WiseTech Global share price.

Is WTC ASX expensive compared with other ASX tech stocks?

WTC ASX trades on about 51x TTM earnings, 13.0x sales, and 6.17x book, with a 0.46% dividend yield. Those are premium levels by local standards and imply high execution confidence. If growth and margins improve as planned, they may be sustained; if not, multiples could compress quickly.

What levels should traders watch on WTC ASX?

Initial support sits near A$40.59, the 52‑week low and lower Bollinger band. The middle band around A$49.80 is a pivot, and A$59.01 marks upper-band resistance. The 50‑day average near A$61 and 200‑day near A$87 remain overhead, suggesting the longer trend is down despite today’s rebound.

Global Market Insights

WTC.AX Stock Today: February 26 – AI Cuts Drive 11% ASX Surge

ByHuzaifa Zahoor February 26, 2026February 26, 2026

WTC ASX rallied about 11% today after WiseTech confirmed 2,000 role reductions over 18 months to speed its shift to AI agents. The move aims to cut client labour and scale the CargoWise platform, lifting sentiment despite a 36% drop in statutory profit. The WiseTech Global share price traded as high as A$50.99, with volumes well above average. Investors are weighing productivity gains, margin expansion, and execution risks. First look at WTC.AX suggests a premium name where WiseTech job cuts sharpen a longer-term AI thesis across ASX tech stocks.