Accenture plc - Class A
Q2 2026 Earnings
Market Reaction
S&P 500 over the same 30 days: +6.71%.
Did ACN Beat Earnings? Q2 2026 Results
Accenture posted a convincing second quarter of fiscal 2026, with earnings per share of $2.93 beating the $2.84 consensus estimate by 3.23% and revenue of $18.04 billion edging past Wall Street's $17.84 billion expectation by 1.12%, representing 8.3% growth year over year. The standout driver behind the quarter's strength was a record $22.11 billion in new bookings, up 6% in U.S. dollars, including a record 41 clients with quarterly bookings exceeding $100 million, underscoring robust enterprise demand for AI-driven transformation services. A favorable foreign exchange tailwind of 4.4% also helped push reported revenue to the top of the company's guided range. Operating margin expanded 30 basis points to 13.8%, while free cash flow climbed to $3.67 billion from $2.68 billion a year ago. Looking ahead, Accenture raised its full-year fiscal 2026 revenue growth outlook to 3% to 5% in local currency and lifted adjusted EPS guidance to $13.65 to $13.90, reflecting growing confidence in the durability of client spending on technology and AI modernization work.
- Record new bookings of $22.1 billion including 41 clients with quarterly bookings over $100 million
- Strong AI-driven growth and acceleration in scaling advanced AI across enterprises
- Managed Services revenue growth of 10% in USD, outpacing Consulting at 7%
- Communications, Media & Technology and Financial Services each grew 13% in USD
- Asia Pacific led geographic growth at 10% in local currency
- Operating margin expansion of 30 basis points to 13.8%
- Favorable foreign exchange impact of positive 4.4%
“We delivered record second quarter bookings of $22.1 billion, including a record 41 clients with quarterly bookings greater than $100 million, with revenues at the top of our guided range, while continuing to take significant share in a competitive market. We're accelerating our critical work with clients to scale advanced AI across their enterprise, and we're seeing strong AI-driven growth. Our new strategic acquisitions will further strengthen our capabilities and expand our scale to help clients create value and achieve AI-based transformation. With our deep client relationships, industry and process expertise, leading and emerging ecosystem partnerships, and unmatched execution strength, we are uniquely positioned to help clients reinvent and capture the significant opportunities ahead.”
Accenture CEO, on the earnings call
Forward Guidance & Outlook
Accenture raised its full-year fiscal 2026 outlook. Revenue growth is now expected to be 3% to 5% in local currency (up from 2% to 5%), or approximately 4% to 6% excluding the estimated 1% impact from U.S. federal business. Full-year GAAP diluted EPS is now expected at $13.25 to $13.50 (9%–11% increase over FY25); adjusted EPS at $13.65 to $13.90 (6%–8% increase). GAAP operating margin is expected at 15.2%–15.4% with 50–70 bps expansion over FY25. Free cash flow guidance was raised to $10.8B–$11.5B (from $9.8B–$10.5B). Operating cash flow is expected at $11.5B–$12.2B. Capital return is expected at least $9.3B. For Q3 FY26, revenue is guided at $18.35B–$19.0B with 1%–5% local currency growth and approximately +2.5% FX impact. The outlook does not assume a significant escalation of the Middle East conflict or major economic disruption.
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Figures from SEC filings and company reports. Not investment advice.