“CGI delivered a strong first half of the fiscal year, with industry-leading EPS accretion and cash generation,” said François Boulanger, President and Chief Executive Officer. “Even in the context of today’s dynamic business environment, this performance reflects the resilience of our business model, the relationships with our clients, and the outstanding expertise of our global team. As clients continue to invest in AI, they need a trusted partner to address mission-critical environments, modernize complex legacy estates, and deliver measurable outcomes. CGI’s AI-first strategy—focused on making AI real and outcome-driven—positions us well to help clients across every industry and geography.”
Q2-F2026 performance highlights
- Revenue of $4.16 billion, up 3.3 % year-over-year or 1.6 % year-over-year in constant currency1;
- Earnings before income taxes of $617.7 million, up 6.0 % year-over-year, for a margin1 of 14.9 %;
- Adjusted earnings before interest and taxes1,2 of $691.6 million, up 3.9 % year-over-year, for a margin1 of 16.6 %;
- Net earnings of $444.7 million, up 3.5 % year-over-year, for a margin1 of 10.7 %, and diluted EPS of $2.09, up 10.6 % year-over-year;
- Adjusted net earnings , of $483.4 million, up 0.6 % year-over-year, for a margin1 of 11.6 %, and adjusted diluted EPS1,2 of $2.27, up 7.1 % year-over-year;
- Cash provided by operating activities of $451.1 million, representing 10.9 % of revenue1 and $2.47 billion or 15.1 % of revenue on a trailing twelve month basis;
- Bookings1 of $4.31 billion, for a book-to-bill ratio1 of 103.8 % or 108.4 % on a trailing twelve month basis1; and
- Backlog1 of $31.50 billion or 1.9x annual revenue.
Note: All figures in Canadian dollars. Q2-F2026 MD&A, interim condensed consolidated financial statements and accompanying notes can be found at cgi.com/investors and have been filed with the Canadian Securities Administrators on SEDAR+ at www.sedarplus.ca and the U.S. Securities and Exchange Commission on EDGAR at www.sec.gov.
1 Constant currency revenue growth, adjusted earnings before interest and taxes, adjusted earnings before interest and taxes margin, adjusted net earnings, adjusted net earnings margin and adjusted diluted EPS are non-GAAP financial measures or ratios. Earnings before income taxes margin, net earnings margin, cash provided by operating activities as a percentage of revenue, bookings, book-to-bill ratio, book-to-bill ratio trailing twelve months and backlog are key performance measures. See “Non-GAAP and other key performance measures” section of this press release for more information, including quantitative reconciliations to the closest International Financial Reporting Standards (IFRS Accounting Standards) measure, as applicable. These are not standardized financial measures under IFRS Accounting Standards and might not be comparable to similar financial measures disclosed by other companies.
2 Q2-F2026 adjusted for $38.7 million of restructuring, acquisition and related integration costs, net of tax; Q2-F2025 adjusted for $50.9 million of restructuring, acquisition and related integration costs, net of tax.
