G earnings analysis
What we found in G's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Genpact delivered a strong Q2 2026, with revenue of $1.343 billion and diluted EPS of $1.00, up sequentially and year over year and above the prior quarter’s quantitative outlook. The supplied filing text does not disclose current-quarter margins, free cash flow, segment results, or new numeric guidance, limiting assessment of operating quality. The main watchpoints are the ERP implementation’s effect on internal controls and continued exposure to floating-rate debt.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue accelerated sequentially and year over year
- Revenue was $1.343 billion, up approximately 3.3% from $1.300 billion in Q1 2026 and approximately 7.4% from $1.250 billion in Q2 2025.
- EPS increased sharply
- Diluted EPS was $1.00, up from $0.86 in Q1 2026 and $0.75 in Q2 2025, representing sequential growth of approximately 16.3% and year-over-year growth of approximately 33.3%.
- Results exceeded prior outlook
- Q2 revenue of $1.343 billion exceeded the prior Q1 outlook range of $1.324 billion-$1.336 billion, while EPS of $1.00 exceeded the prior outlook range of $0.96-$0.97.
- Share repurchases continued
- The company repurchased 1,560,241 shares during Q2 2026 at a weighted-average price of $32.04 per share; $244.1 million remained available under the repurchase program at June 30, 2026.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- ERP transition raises control risk
- The company completed implementation of a new ERP system in Q2 2026, replacing certain legacy financial, human resources and operational systems. Management stated the changes have materially affected, or are reasonably likely to materially affect, internal control over financial reporting.
- Floating-rate debt creates interest risk
- Floating-rate borrowings under the term loan and revolving credit facility expose results to interest-rate volatility. Interest-rate swaps currently require fixed payments ranging from 4.25% to 4.72%, which could pressure interest expense and cash flow if market rates remain elevated.
- Deferred hedge losses remain
- The company remains exposed to a $350.0 million 2025 Senior Notes treasury-rate-lock loss, with $0.2 million remaining to be amortized as of June 30, 2026. The filing also reports $0.2 million of remaining amortization related to the $400.0 million 2024 Senior Notes rate locks.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $1.0
What they said about what is next.
The supplied 10-Q text does not provide new quantitative revenue or EPS guidance. Prior Q1 outlook had called for Q2 2026 revenue of $1.324 billion-$1.336 billion and EPS of $0.96-$0.97; reported Q2 revenue of $1.343 billion and EPS of $1.00 exceeded both ranges.
The filing reads better than the one before it.
What came before.
- 10-Q · May 8, 2026
- Genpact's Q1 2026 results demonstrated strong financial performance, with revenues of $1.296 billion and diluted EPS of $0.98, exceeding both prior year and analyst estimates. The growth was bolstered by a significant…
- 10-K · February 26, 2026
- Genpact reports 2025 net revenues of $5.1 billion, up 6.6% year-over-year, driven by its pivot to data, AI and advanced technology solutions and supported by 146,500 employees across 35+ countries. Management…
- 10-Q · August 11, 2025
- Genpact reported better-than-expected Q2 results: net revenues of $1,254.4 million (up 6.6% y/y) and EPS of $0.88 (beat consensus $0.81). Revenue strength was driven by Data‑Tech‑AI and Advanced Technology Solutions…
- 10-Q · May 12, 2025
- Genpact reported Q1 2025 net revenues of $1,214.9 million, up $83.7 million or 7.4% year-over-year, driven by an 11.1% increase in Data‑Tech‑AI to $581.9 million. Gross margin widened to 35.3% (from 35.0%) and operating…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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