Capgemini stock: Q3 momentum lifts 2026 revenue outlook

Capgemini raised its 2026 revenue-growth outlook after reporting stronger third-quarter momentum, with artificial intelligence demand supporting modernization and business-transformation projects.

The company reported the update on Friday, October 30, citing Q3 revenue of 6,073 million euros, up 11.7% at constant exchange rates from the year-earlier period. Bookings rose 3.4% at constant exchange rates to 5,401 million euros.

Revenue momentum supports higher target

Capgemini lifted its full-year 2026 constant-currency revenue-growth target to 9.0%-9.5%, from around 8.5%-9.0% previously. The company said the inorganic contribution should remain about five percentage points.

North America grew 18.3% at constant exchange rates in the quarter, while the United Kingdom and Ireland advanced 25.2%. France returned to growth of 4.9%, according to the Capgemini investor release.

Management expects constant-currency growth of 3%-4% in the fourth quarter against a stronger comparison base. The operating-margin target remains 13.6%-13.8%, while organic free cash flow is still expected at 1.8 billion to 1.9 billion euros. The cash-flow target includes around 200 million euros of additional restructuring cash outflow linked to the Fit-for-Growth program.

AI demand remains central

Capgemini said clients are moving toward enterprise-scale AI deployment while modernizing technology and data foundations. Intelligent Business Operations delivered another quarter of double-digit like-for-like growth, supported by the integration of WNS.

Capgemini stock traded at 130.70 euros on Lang & Schwarz at 17:02 CET on Thursday, November 5, 2026. The real-time quote of Capgemini stock is available for investors tracking the latest market price.

European equities remain sensitive to corporate earnings, interest-rate expectations and technology-sector demand, as reflected in the CAC 40 market environment.

Capgemini’s next scheduled reporting date is February 16, 2027, when it plans to publish full-year 2026 results. More news and analyses on Capgemini stock are available in the company topic.