Accenture Just Had Its Worst Day in Years. Is AI Coming for the Consulting Business?
The consulting giant posted solid results, yet a cautious outlook and a multibillion-dollar acquisition bet sent its stock to the lowest level in years.
Accenture Just Had Its Worst Day in Years. Is AI Coming for the Consulting Business?
Overview
Shares of tech consulting giant Accenture (NYSE: ACN) sank about 18% on Thursday, the stock's worst single-day drop in years, after the company reported results for its fiscal third quarter (the period ended May 31, 2026). The slide left the stock trading around $128 as of this writing, and down more than 50% so far this year.
What's strange is that the quarter itself looked healthy. Accenture's earnings per share rose 9% year over year to $3.80, and revenue grew 6% to $18.7 billion. The company's operating margin even ticked higher.
Details
But the selling likely had little to do with the quarter Accenture just posted and a lot to do with what comes next -- and with a question that has shadowed the stock all year. Is artificial intelligence (AI) starting to eat into demand for the work that built Accenture into a consulting powerhouse?
Source
Originally published at www.fool.com.
