Accenture cuts full-year sales guidance following weaker-than-expected fiscal Q3 revenue and bookings amid AI transition challenges.
Accenture (ACN) shares fell 16% to near $131 after reporting fiscal third-quarter earnings that exceeded estimates but revenue and new bookings missed expectations. The company also reduced its full-year sales outlook, citing ongoing challenges in its AI transition efforts.
Heading into the earnings report, ACN stock had already declined 40% in 2026, pressured by multiple ratings downgrades. Analysts had anticipated stronger revenue growth, but the miss and lowered guidance underscored broader industry concerns about AI adoption timelines.
The sharp sell-off reflects investor concerns over Accenture’s ability to navigate the shift toward AI-driven services while maintaining growth momentum.