Capgemini Raises 2026 Guidance as Enterprise AI Demand Fuels Revenue Growth

Capgemini Reports Strong Third-Quarter Performance

European IT consulting firm Capgemini has announced an upward revision to its full-year 2026 financial guidance for the second time this year. According to the company's financial report, third-quarter revenues reached €6,073 million, representing a 12.6% increase at current exchange rates and an 11.7% increase at constant exchange rates compared to the same period previously.

Chief Executive Officer Aiman Ezzat stated during an earnings call that the third-quarter growth exceeded analyst expectations and outpaced broader sector averages. The firm reported total bookings of €5,401 million, marking a 3.4% year-on-year increase at constant exchange rates.

Driving Factors Behind the AI Surge

Capgemini attributed the revenue growth to an accelerating corporate push toward enterprise-scale artificial intelligence integration. According to executive commentary, client demand is heavily concentrated in the following areas:

• Data System Modernization: Upgrading legacy technology and data foundations to prepare for agentic enterprise systems.
• Business Operations Transformation: Utilizing agentic AI and intelligent business operations to restructure enterprise workflows.
• Defense and Sovereignty: Capturing new opportunities as clients prioritize strategic control and resilience.

Regional and Sector Breakdown

Performance varied across geographical markets and operational segments at constant exchange rates:

• North America: Grew by 18.3%, supported by financial services, manufacturing, and consumer goods.
• United Kingdom and Ireland: Posted a 25.2% revenue increase, led by the public sector and consumer goods.
• France: Continued its recovery with 4.9% growth, driven by manufacturing and financial services.
• Rest of Europe: Rose by 3.4%, led by public, energy, utilities, and services sectors.
• Asia-Pacific and Latin America: Increased by 11.9%, aided by recent acquisitions such as WNS and Cloud4C.

By business vertical, Strategy & Transformation grew by 18.6%, while Operations & Engineering increased by 26.9%. Applications & Technology saw a 3.5% rise.

Updated 2026 Outlook and Workforce Figures

Building on the third-quarter momentum, Capgemini updated its targets for the final quarter of the year. The company expects constant currency growth of 3% to 4% in the fourth quarter. Consequently, the full-year 2026 revenue growth target has been raised to +9.0% to +9.5% at constant exchange rates, while operating margin and organic free cash flow objectives remain unchanged.

As of September 30, 2026, the company's total headcount stood at 417,500 employees, reflecting an 18% year-on-year increase primarily driven by recent acquisitions, though down slightly from the end of 2025.

How to Verify

Readers interested in verifying these financial results can consult Capgemini’s official investor relations portal for the Q3 2026 earnings release, financial statements, and webcast transcripts of the CEO's earnings call.