Accenture trims 2026 revenue outlook to 3%-4% as Q3 bookings fall 2%
ACN•Accenture trimmed the high end of its fiscal 2026 revenue growth outlook to 3%-4% from 3%-5% and reported Q3 new bookings of $19.32 billion, down 2% in U.S. dollars. The company announced $4.175 billion cybersecurity acquisitions including a majority stake in Dragos and full buys of runZero and NetRise closing by September.
1. Q3 Performance
Accenture reported third-quarter new bookings of $19.32 billion, down 2% in U.S. dollars and 3% in local currency year-over-year, missing estimates. Revenue for the quarter rose 6% to $18.72 billion but fell short of consensus, while adjusted EPS reached $3.80, topping forecasts.
2. Full-year Guidance Revision
For fiscal 2026 Accenture lowered the high end of its revenue growth guidance to 3%-4%, down from a prior range of 3%-5%, and tightened its adjusted earnings per share outlook to $13.78-$13.90. Management cited cautious client spending on discretionary technology consulting as the key driver.
3. Cybersecurity Acquisitions
Accenture agreed to pay a total enterprise value of approximately $4.175 billion for a majority stake in Dragos and full acquisitions of runZero and NetRise. These deals are expected to close between August and September 2026 and to contribute positively to earnings per share and free cash flow.
