Capgemini lifts 2026 revenue growth target on AI transformation demand
Capgemini raised its 2026 revenue growth target on Thursday as demand for large AI transformation projects helped lift bookings, with the French IT group also citing rising spending on defence, security and technology sovereignty.
The company now expects annual revenue growth of 8.5% to 9% at constant currency, up from 6.5% to 8.5% previously.
It maintained its operating margin target of 13.6% to 13.8% and organic free-cash-flow forecast of €1.8 billion to €1.9 billion.
Capgemini said clients were moving from AI experiments to deploying agentic AI in core business processes, while the integration of WNS had expanded its pipeline for AI-powered operations projects.
The Paris-based IT group reported first-half revenue of €12.08 billion ($13.83 billion), up 8.8% at constant exchange rates. Second-quarter bookings rose 9.2% to €6.55 billion, for a book-to-bill ratio of 1.07.
