Accenture plc
ACN - NYSE - $179.83 ▲ +%0.63
-
Earnings Thu 18 Jun

Accenture opens the
books on Thursday evening.

1 analysts' median target is $300[FMP target], stock is $180, +66.8% upside potential. After Q2 +3.2% EPS beat[FMP earnings], the stock moved -1.7%.

↓ summary below
Quick Take - in 40 seconds
A-
BUY Council 4/6 - Moonshot 40

A- = MoonshotScore 40[9-pillar formula] + Council 4/6[6-lens rule]. Form 4: 0 transactions[FMP Form 4].

Q4 consensus: revenue $18.8B[FMP est], EPS $3.68[FMP est]. 7 consecutive quarters of beat[FMP earnings].

Detailed analysis below ↓
$3.68 EPS Estimate Last year $3.03 - +5% YoY YoY
7 Beat Streak Expectations beaten consecutively for the last 7 quarters

Q2 EPS +3.2% beat[FMP] but the stock -1.7% D+1[FMP D+1]. Angie Park promised $149.7M CapEx + a sequential decline in Q4 during the Q2 earnings call[Angie Park capex transcript].

Watchlist

6 metrics stand out this quarter.

$18 billion Investor Focus

Revenue Growth

revenue_growth

Accenture delivered $18 billion of revenue, growing 4% in local currency and taking significant market share.

"We delivered another strong quarter with $18 billion of revenue, growing 4% in local currency and once again taking significant market share."

- Julie T. Sweet, CEO - Q2 FY26 Earnings Call - March 19, 2026
30 Risk Indicator

Operating Margin Expansion

operating_margin_expansion

Accenture delivered 30 basis points of operating margin expansion with strong EPS growth year-over-year.

"We delivered 30 basis points of operating margin expansion with strong EPS growth year-over-year, generating significant free cash flow while investing significantly in our business."

- Julie T. Sweet, CEO - Q2 FY26 Earnings Call - March 19, 2026
85,000 Investor Focus

Ai Talent Pool

ai_talent_pool

Accenture now has over 85,000 AI and data professionals already exceeding our goal of 80,000 professionals by the end of fiscal 2026.

"We now have over 85,000 AI and data professionals already exceeding our goal of 80,000 professionals by the end of fiscal 2026."

- Julie T. Sweet, CEO - Q2 FY26 Earnings Call - March 19, 2026
41 Investor Focus

Large Client Bookings

large_client_bookings

Accenture had a record 41 clients with quarterly bookings greater than $100 million, demonstrating the continued demand for reinvention at scale.

"We had a record 41 clients with quarterly bookings greater than $100 million, bringing us to 74 of these bookings in the first half, 12 more than this time last year, demonstrating the continued demand for reinvention at scale."

- Julie T. Sweet, CEO - Q2 FY26 Earnings Call - March 19, 2026
3 Investor Focus

Acquisition Strategy

acquisition_strategy

Accenture now expects to deploy $5 billion in acquisitions this year with capacity to do more for the right opportunities.

"We closed 3 strategic acquisitions, deploying $1.6 billion of capital, and we now expect to deploy $5 billion in acquisitions this year with capacity to do more for the right opportunities."

- Julie T. Sweet, CEO - Q2 FY26 Earnings Call - March 19, 2026
60% Investor Focus

Fixed Price Work

fixed_price_work

Within bookings, the percentage of our work, which is fixed price, continues to increase over 60% in FY '25.

"Within bookings, the percentage of our work, which is fixed price, continues to increase over 60% in FY '25."

- Angie Park, CFO - Q2 FY26 Earnings Call - March 19, 2026

Stock Expert AI - Methodology

Do our 9 pillars, 7 perspectives, and Munger lens point in the same direction?

MoonshotScore 40 / 100

9-pillar methodology. Cash Runway strong. Revenue Growth weak.

How is it calculated? ->
Revenue Growth1.0Q2 vs Q3: growth slowing (+1.8%, below threshold)
Gross Margin3.0Q2: average margin (30.3%)
Operating Leverage1.0op margin average (13.8%)
Cash Runway10.0FCF very strong ($3.7B, 24.5x CapEx)
R&D Intensity3.0low R&D investment (1.1%, weak innovation)
Price Momentum4.0RSI 38.1 weak momentum, 50d below
News Sentiment6.0majority buy (64%)
Council Score 4 / 6 Bullish

6 investor frameworks. 4 bullish (Ray Dalio, Klarman, Buffett, Munger), 1 bearish (Ken Griffin), 1 neutral (Jim Simons).

How is it calculated? ->
Ray Dalio macro - target upside +66.8%
Ken Griffin flow - 50d MA below
Jim Simons quant - RSI 38
Klarman value - target upside +66.8%
Buffett quality - ROE score 5/5
Munger valuation - target upside +66.8%
Munger's Mindset character & balance sheet lens
Undervalued

Quality business, discounted price.

How is it calculated? ->
Financial HealthStrong
Margin of SafetyStrong
Interest CoverageAdequate
ROIC vs WACCHealthy
Technical Levels - Pre-earnings positioning

What levels is the stock being tested at?

RSI(14)
38.1 RSI 38.1 weak momentum, 50d below
MACD
-8.20 price below 50d - resistance dominant
50d MA
$196 stock 8.2% below - short-term resistance
200d MA
$240 stock 25.2% below - long-term pressure
Volume (10d)
-24% decrease - low participation
Resistance
$300
Analyst median target - upgrade trigger if broken
Current
$180
Pre-earnings position
Support
$204
Invalidation - close below this is a technical breakdown
Pattern
Range
$204-$300 band - earnings breakout/breakdown trigger

Past Performance

Accenture's last 8 quarters: 7 consecutive beats.

BEAT
Q3 FY25
$3.49 vs $3.35 est - +3.4%
BEAT
Q4 FY25
$3.03 vs $2.98 est - +2.8%
BEAT
Q1 FY26
$3.94 vs $3.74 est - +0.8%
BEAT
Q2 FY26
$2.93 vs $2.84 est - -1.7%

Q2 (March 19, 2026): EPS $2.93 vs $2.84 est[FMP], +3.2% beat. D+1 movement: -1.7%[FMP D+1]. Decline despite beat - market reacted to guidance, not numbers.

Three scenarios: what could happen?

EPS < $3.57 (no guidance)

Q2: EPS $2.93 vs $2.84 beat[FMP], stock -1.7% D+1[FMP].

Backlog concentration

No RPO/backlog concentration disclosed in Q2 earnings call.

CapEx shock

Q2 CapEx $149.7M[FMP cashflow]. Q2 op margin 13.8%[FMP op margin] - this level in Q4 is sensitive to CapEx revision risk.

Framework - Position discipline

After the data arrives: 3 scenarios, 3 windows

Not advice - a structural framework for earnings night. Decision discipline is yours.

Scenario A - Beat
Q4 EPS > $3.68 + CapEx discipline
Threshold: EPS > $3.68[FMP est].
Target: Break above median target $300[FMP target]; high target $330[FMP] upper bound.
Scenario B - In-Line
EPS approx $3.68 + CapEx < $149.7M
Threshold: EPS approx $3.68[FMP est], Q4 CapEx < $149.7M[FMP].
Target: Consolidation in the band between current $180[FMP] and median $300[FMP].
Scenario C - Miss
EPS < $3.57 or CapEx >= $149.7M
Threshold: EPS < $3.57[FMP estx0.97].
Target: Current $180 below SMA200 $240[FMP], if rejection continues, $204[derived] support activates.
Sizing
Earnings volatility -> max portfolio 1-2%. Waiting for earnings is not a gamble, it's a position entrustment.
Timing
IV crush within 24 hours post-earnings. Waiting for premium decay makes options preferable to spot.
Staging
Don't go all-in at once, divide into 3: initial reaction, 24 hours later, after Friday's close.

Market Outlook

What do 1 analysts say?

Wall Street Consensus
$300
12-month median target price (+66.8% upside potential)
18
BUY
10
HOLD
0
SELL
Risk Management
$204
Invalidation level - critical support threshold
$196 - 50-day MA (below, -8.2%)
$240 - 200-day MA (below, -25.2%)
IV Crush risk (sudden drop in inflated option premiums before earnings): Option premiums are inflated before earnings.
Verdict - ACN Q4 FY26
A-

You read it in 5 minutes. When the numbers come out on Thursday evening - you know what you're looking at.

Data arrives at night. The framework is ready now.

Data arrives on Thursday evening. The framework is ready on this page: Q4 EPS threshold $3.68[FMP], CapEx threshold "below $149.7M"[Angie Park]. Two anchors, three scenarios.

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Educational tool, not investment advice. Past performance does not guarantee future results.

Calendar

Catalyst Calendar - 90-day forward look

Jun 18, 2026EARNINGSQ4 FY26 results (after market close) + earnings call
Jun 19, 2026PRICEFirst trading day after earnings - 200dMA test + IV crush
Aug 2, 2026FILING10-Q deadline - segment breakdown + RPO detail (SEC rule: quarter-end + 45 days)
~Sep 18, 2026EARNINGSQ1 FY27 (next quarter, date not yet scheduled in FMP)

DATA GAP: Events not in the FMP /stable/calendar feed - Investor day, analyst day, product launches, regulatory dates. These require company IR page scraping or manual calendar entry.

Frequently Asked Questions

What does the ACN earnings preview cover?

This ACN (ACN) earnings preview covers the analyst consensus, key catalysts, and what to watch on the earnings call.

What should investors watch for in ACN earnings?

Consensus EPS, revenue guidance, segment growth rates, and the tone of management commentary — the full breakdown with sources is on this page.