Accenture Plunges 17% on Worsening Outlook, $400M Middle East Hit, and AI Concerns
Summary
Accenture's stock plunged 17% to a near decade low after the company lowered its full-year revenue guidance. The firm reported a $400 million hit to its Middle East sales due to the Iran conflict, which caused clients to tighten discretionary spending and shift projects. This follows the Q3 fiscal 2026 results announced earlier today, which included the revised guidance. Investor worries about the future impact of AI tools on professional services also contributed to the negative sentiment, signaling a worsening business environment.
At the time of this announcement, ACN was trading at $129.57 on NYSE in the Technology sector, with a market capitalization of approximately $79.5B. The 52-week trading range was $126.50 to $314.20. This news item was assessed with negative market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.