Capgemini stock: Q3 momentum lifts 2026 growth outlook

Capgemini reported strong third-quarter momentum on October 30, raising its 2026 revenue-growth outlook as demand for AI-related technology work supported business across several regions. On Lang & Schwarz, Capgemini stock traded at 127.68 euros at 10:03 CEST on Saturday, October 31.

According to the Capgemini investor release, third-quarter revenue reached 6,073 million euros, up 11.7 percent at constant exchange rates and 12.6 percent at current exchange rates from a year earlier. Bookings increased 3.4 percent at constant exchange rates to 5,401 million euros.

Higher Full-Year Revenue Target

Capgemini lifted its 2026 constant-currency revenue-growth target to 9.0 percent to 9.5 percent from the previous range of around 8.5 percent to 9.0 percent. The company kept its operating-margin target at 13.6 percent to 13.8 percent and maintained its organic free-cash-flow objective at around 1.8 billion euros to 1.9 billion euros.

Management expects constant-currency growth of 3 percent to 4 percent in the fourth quarter against a higher comparison base. The company said the updated outlook includes an estimated inorganic contribution of around five percentage points.

AI Demand Meets Public-Sector Work

The growth update followed an October 22 announcement that the UK Financial Services Compensation Scheme selected Capgemini as its strategic technology partner. The company announcement said the framework covers AI and technology services supporting the FSCS technology and operational priorities. The relationship dates back to 2018 and has included cloud, data science and customer-relationship-management work.

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