Capgemini stock gets boost from stronger Q3 growth outlook

Capgemini reported strong third-quarter momentum on Friday, October 30, 2026, and raised its full-year revenue outlook. In its Q3 2026 revenue release, the French technology and consulting group said revenue reached 6,073 million euros, up 11.7 percent at constant exchange rates from the year-earlier quarter.

AI demand supports broader growth

Capgemini raised its 2026 constant-currency revenue growth target to 9.0 to 9.5 percent from around 8.5 to 9.0 percent previously. The company kept its operating margin target at 13.6 to 13.8 percent and its organic free cash flow target at 1.8 to 1.9 billion euros.

Bookings increased 3.4 percent at constant exchange rates to 5,401 million euros. Operations and Engineering grew 26.9 percent, while Strategy and Transformation advanced 18.6 percent. Applications and Technology, the core business, grew 3.5 percent.

Management said clients are moving toward enterprise-scale artificial intelligence deployment. Demand is focused on modernizing technology and data foundations and redesigning business operations around agentic AI. North America grew 18.3 percent at constant exchange rates, while revenue in the United Kingdom and Ireland increased 25.2 percent. France returned to 4.9 percent growth.

Higher comparison base shapes Q4

Capgemini expects constant-currency growth of 3 to 4 percent in the fourth quarter. The company attributed the lower expected rate to a higher comparison base and the annualization of WNS and Cloud4C acquisitions completed in the fourth quarter of 2025, rather than to weaker demand.

Capgemini stock traded at 125.98 euros on Lang & Schwarz at 14:31:14 CET on Friday, October 30, 2026. Follow the real-time quote of Capgemini stock.

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More news and analyses on Capgemini stock will follow as the outlook develops.