CGI Reports Q2 Revenue of $4.16B and EPS Up 10.6%
CGI reported fiscal Q2 revenue of $4.16 billion, up 3.3% year-over-year, with adjusted EBIT of $691.6 million, a 3.9% increase yielding a 16.6% margin. Net earnings reached $444.7 million for a diluted EPS of $2.09, marking 10.6% growth, while backlog hit $31.5 billion, 1.9 times annual revenue.
1. Quarterly Financial Performance
CGI generated revenue of $4.16 billion in Q2-F2026, reflecting a 3.3% year-over-year increase or 1.6% growth in constant currency, with earnings before income taxes rising 6.0% to $617.7 million for a 14.9% margin.
2. Profitability and Earnings Accretion
Adjusted EBIT reached $691.6 million, up 3.9% year-over-year with a 16.6% margin, while net earnings were $444.7 million, a 3.5% increase, delivering diluted EPS of $2.09, up 10.6% compared to the prior year period.
3. Cash Flow, Bookings and Backlog
Operating activities provided $451.1 million in cash, 10.9% of revenue (15.1% on a trailing-12-month basis), bookings totaled $4.31 billion with a book-to-bill ratio of 103.8% (108.4% TTM) and backlog reached $31.5 billion, 1.9 times annualized revenue.
4. Capital Management and Balance Sheet
The company repurchased $396.9 million of shares and paid $36.2 million in dividends, invested $104.5 million back into the business, reduced long-term debt and lease liabilities to $4.30 billion, and increased its revolving credit facility to $2.50 billion, with net debt at $3.57 billion.