Capgemini stock trades at EUR 104.10 as guidance resets

Published on 09/28/2026 at 14:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Capgemini stock was trading at EUR 104.10 on September 28, 2026, while the company targets 8.5 percent to 9.0 percent growth. H1 revenue rose 8.8 percent.

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Capgemini stock was trading at EUR 104.10 on Euronext Paris on September 28, 2026, down 0.38 percent from the prior session. The market is weighing stronger growth guidance against a first-half profit decline and a margin improvement plan that remains weighted toward the second half.

Growth guidance moves higher

Capgemini reported H1 2026 revenue of EUR 12.082 billion, up 8.8 percent on a reported basis and 11.3 percent at constant currency, according to the Yahoo Finance transcript of the July 30, 2026, results call. Management raised its full-year constant-currency revenue growth target to 8.5 percent to 9.0 percent from 6.5 percent to 8.5 percent.

The upgrade gives Capgemini a quantified growth advantage, but the second-half execution burden is clear. H1 operating margin was 12.5 percent, up 0.10 percentage points year over year, against a full-year target of 13.6 percent to 13.8 percent, according to Yahoo Finance.

Profit pressure remains visible

Group net profit fell to EUR 498 million in H1 2026 from EUR 724 million in H1 2025, while normalized EPS declined 11.9 percent year over year to EUR 5.29. The transcript attributes the pressure to higher restructuring, financing and tax costs, with restructuring expenses linked to the Fit for Growth program.

Cash generation also reflects the timing of the program. Organic free cash flow was EUR 37 million in H1 2026, compared with EUR 60 million in H1 2025, while full-year guidance remains EUR 1.8 billion to EUR 1.9 billion, according to Yahoo Finance.

Stock sits below yearly high

At EUR 104.10, Capgemini's market capitalization was EUR 17.3 billion on September 28, 2026. The 52-week range was EUR 85.62 to EUR 153.05, leaving the stock materially below its yearly high while keeping the current valuation tied to the delivery of the second-half margin recovery.

Capgemini's investor calendar lists October 30, 2026, for the Q3 2026 revenue publication, following the H1 results published on July 30, 2026, according to Capgemini. That date is the next hard checkpoint for testing whether the higher growth target is translating into the expected margin trajectory.