Accenture just had the kind of day on Wall Street that makes investor relations teams earn their salaries. The consulting and IT services giant saw its stock crater by as much as 19% intraday after reporting fiscal Q3 2026 earnings that came with a side of significantly reduced revenue expectations, making it the worst performer on the S&P 500 on June 18.
The stock fell to near multi-year lows around $128. For the year, Accenture is now down roughly 40%.
The numbers tell a complicated story
Revenue came in at $18.7 billion, representing a 6% increase year-over-year. The company’s adjusted earnings per share hit $3.80, which actually beat analyst estimates.
Accenture lowered its full-year revenue growth forecast to between 3% and 4% in local currency terms. The primary culprit: ongoing conflict in the Middle East, which the company said resulted in approximately $100 million in lost revenue during Q3 alone. Looking ahead, the firm estimated a $400 million adverse effect on sales and pipeline activity in the region.
