Accenture (ACN) Q4 2026 (USD): EPS 3.29 (exp. 3.18), Revenue 18.7bln (exp. 18.0bln)

The bookings print is the figure the buy side has tended to anchor on here, since it is the forward indicator of consulting and outsourcing demand; a bookings number running ahead of revenue implies a book-to-bill above one, which in past cycles has been the tell that separates genuine demand recovery from cost-driven earnings beats. The guidance range sitting above the street's number matters more than the Q4 print itself, given how much of the fiscal year remains and how frequently this company has guided conservatively only to revise through the year. The read-across to the IT services peer set is the established pattern: Accenture reports ahead of most of the Indian and global consultancies, so its bookings and discretionary-spend commentary have tended to set the tone for the complex. Worth watching is the split between consulting and managed services growth and any commentary on AI-related bookings, which has become the swing line in how the street models this group. GenAI contract conversion versus pricing pressure in traditional work is the distinction that has separated re-rating quarters from flat ones.