CGI shares fall nearly 24% in 2026 even as revenue rises 2.5% to about $4.2 billion
AI Market Summary
CGI reported solid fiscal Q3'26 results despite a sharp YTD share decline: revenue +2.5% YoY, net income +14%, EPS +22.5%, and operating cash flow up to ~$605M. Backlog rose to $31.8B and book-to-bill was 108.1%, supporting visibility. The update underscores resilient enterprise/government IT demand and ongoing investment in AI and quantum initiatives, but has limited broad market read-through.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT-0.38%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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CGI reported fiscal 2026 third-quarter results, with revenue up 2.5% year over year to about $4.2 billion and net earnings rising nearly 14% to $465 million. Earnings per share jumped 22.5% to $2.23, while operating cash flow increased from roughly $487 million a year ago to about $605 million. The company ended the period with backlog of $31.8 billion. CGI shares are down nearly 24% so far in 2026 to $95.90, implying a market cap of roughly $17.5 billion and a 0.7% dividend yield.
