Accenture’s Q2FY26 results (December–February) were just released, and the figures exceeded consensus expectations. The company’s stock has dropped about 40% in a year as the market fears the impact of AI. There are still no real signs of doomsday in the actual figures, even though the growth rate has slowed compared to previous years. Currently, the stock is trading at a forward P/E ratio of 14.
“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.”
Earnings presentation: https://investor.accenture.com/~/media/Files/A/accenture-v4/investors/earnings-reports/2026/second-quarter-fiscal-2026-earnings-presentation.pdf