Genpact LTD (G) · Nov 5, 2026 · Earnings

Genpact earnings beat as AI growth accelerates and guidance rises

Beat — Adjusted diluted EPS $1.07 vs ~$1.04 consensus

Genpact’s Q3 earnings beat expectations as Advanced Technology Solutions growth reached 30.3%, while higher full-year EPS guidance reinforces its Agentic Operations pivot.

Genpact is in the middle of shifting from traditional outsourced operations toward AI-enabled “Agentic Operations,” with Advanced Technology Solutions as the growth engine. That direction was already established: after Q2, management was targeting at least 25% full-year growth in that segment and at least 12% adjusted EPS growth for 2026.

The pivot is gaining measurable traction. Q3 revenue rose 7.3% year over year, while Advanced Technology Solutions growth accelerated to 30.3%. 〔0〕 The faster-growing business now represents roughly 29% of quarterly revenue, up from about 24% for full-year 2025, indicating that the mix is moving toward the strategy Genpact is emphasizing.

Q3 2026Q3 2025Consensus
Net revenue (Financial Statements)$1,385.4M (+7.3%)$1,291.3M~$1,380M
Advanced Technology Solutions revenue (Segment results)$405.1M (+30.3%)$311.0M
Adjusted diluted EPS (EPS reconciliation)$1.07 (+10.3%)$0.97~$1.04
Adjusted income from operations margin (Non-GAAP reconciliation)17.8% (+10 bps)17.7%
Operating cash flow, nine months (Cash Flow statement)$142.0M (-73.0%)$526.2M

The quarter modestly cleared the published bar. Adjusted diluted EPS of $1.07 exceeded the roughly $1.04 consensus, while revenue of $1.385 billion was slightly above the roughly $1.38 billion expectation. The beat is therefore real but narrow; the more important change is that it arrived alongside continued margin expansion rather than simply cost cutting.

Full-year confidence increased, but not dramatically. Management raised 2026 gross-margin and adjusted-EPS guidance. 〔1〕 The new adjusted diluted EPS outlook is $4.14, versus the prior Q2 framework of at least 12% growth; against 2025 adjusted EPS of $3.65, that implies roughly 13.4% growth rather than the earlier floor.

Cash conversion is the main counterweight. Nine-month operating cash flow fell to $142 million from $526 million, largely because accounts receivable increased by $405.8 million and other operating assets absorbed another $149.9 million. That does not negate the earnings beat, but it means the operational improvement has not yet translated cleanly into cash generation.

Bottom line: This is a modestly better-than-expected quarter that strengthens Genpact’s Agentic Operations transition, especially through 30% growth in Advanced Technology Solutions and higher EPS guidance. The story advances, but weak cash conversion keeps it from being a step-change event.

What to watch next

Q4 results and 2027 outlook, early February 2027

Original filing on SEC EDGAR

More Genpact LTD news

Genpact earnings beat as AI growth accelerates and guidance rises | G Stock News
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