Earnings Call
Jun 18, 2026
Q2 FY2026
EPS Estimate
3.71
EPS Actual
2.93
Post-Earnings Close
$127.98
Earnings Reaction
-18.0%
Accenture's fiscal second quarter delivered record bookings of $22.1 billion, the third consecutive quarter above $20 billion, alongside revenue of $18.0 billion growing 4% in local currency, landing at the top end of guided ranges. A record 41 clients posted quarterly bookings above $100 million, up from the low 30s in recent periods, bringing the first-half total to 74 such clients, 12 more than the same period last year. EPS of $2.93 grew 4% year-over-year, operating margin expanded 30 basis points to 13.8%, and free cash flow of $3.7 billion for the quarter pushed the year-to-date total to a record $5.2 billion. Management raised full-year free cash flow guidance by $1 billion to $10.8, $11.5 billion and now expects to deploy approximately $5 billion in acquisitions this fiscal year, with capacity to do more.
Report generated on Jun 17, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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