Accenture, the world’s largest publicly traded consulting firm, saw its stock crater after the company trimmed its fiscal year 2026 revenue growth outlook. The culprit: slower procurement cycles and a wave of contract reviews tied to its US federal government business.
The company reported fiscal Q3 2026 revenue of $18.7 billion, which grew 6% year-over-year in USD terms and 3% in local currency. Analysts were expecting roughly $18.78 billion.
What happened to the guidance
Accenture narrowed its full-year fiscal 2026 revenue growth guidance in local currency to a range of 3% to 4%. The prior forecast was 3% to 5%.
The earnings call was scheduled for 8:00 a.m. EDT on June 18, 2026, and by the time premarket trading opened, shares had already dropped approximately 9.6%. The stock ultimately plunged 19% as investors digested the implications.
