Accenture Shares Plunged 50% This Year. Here's What Investors Need to Know.

Accenture's stock has fallen 50% from its 2026 high due to two main factors: DOGE-driven cuts to federal contracts (8% of revenue) and investor fears that agentic AI will automate consulting work. However, the company posted record bookings of $22.1B in Q2, generated $3.6B in quarterly free cash flow, and partnered with OpenAI and Anthropic for AI deployment, suggesting the market may be pricing in excessive pessimism.