Atos Group - Q1 2026 performance

A gradual start to FY 2026, with fundamentals moving in the right direction

 

Full-year targets confirmed with organic growth range narrowed

 

 

Gradual start in a volatile Q1 2026 with slightly softer-than-expected revenue ramp-up, while commercial initiatives are being implemented to support growth:

 

• Reported revenues of €1,739 million, or €1,640 million at go-forward perimeter¹
• Organic revenue growth of c. -11% at the go-forward perimeter¹, of which c.3 points were related to low profitability contracts
• Commercial engine progressively restarting with book-to-bill at 87% (89% for Atos Strategic Business Unit), up c.4 points vs strong Q1 2025, and qualified pipeline up c.€900 million in the quarter
• Softer-than-expected revenue ramp-up in North America with some clients’ wait-and-see approach, while commercial initiatives supported business momentum: Q1 2026 book-to-bill at above 160% and a qualified pipeline increasing by c.20% in the quarter, alongside improved quality

 

 

Ongoing operational turnaround steadily delivering profitability gains

 

• Genesis savings achieved at the end of the quarter delivering margin as per expectations
• Genesis plan extended to increase three-year savings target

 

 

Strong liquidity position, further strengthened following the disposal of Advanced Computing activities

 

• Liquidity at €1,736 million at the end of March, benefiting from c.€252 million cash flow impact in Q1 2026 from the Bull transaction (completed on March 31)
• Net change in cash² estimated at €-47 million in the quarter, reflecting usual business seasonality, as well as accelerated implementation of restructuring plans (c.€-71 million cash restructuring costs) and negative operational cash flow of Advanced Computing that was still consolidated in Q1
• €62 million debt repayment through bond purchase on the open market

 

 

Accelerated ramp-up on the three strategic technology growth pillars

 

• Agentic AI: Atos Sovereign Agentic Studios launch, a sovereign and governance-centered approach
• Cybersecurity: Atos Threat Research Center launch
• Sovereign: Sovereign MXDR (Managed eXtended Detection and Response) service launch in the UK, an industry-leading Microsoft integrated managed security service

 

 

FY 2026 outlook confirmed¹

 

• Organic revenue growth range narrowed to -1% to -5% 
• Operating margin expected at c. 7%
• Positive net change in cash²

 

 

Paris, April 21, 2026

 

Atos Group, a global leader of AI-powered digital transformation, today announces its Q1 2026 performance. 

 

 

Philippe Salle, Atos Group chairman of the board of directors and chief executive officer, stated: 

 

 

“In the first quarter of 2026, we saw continued and concrete progress from the implementation of the Genesis strategic and transformation plan. As observed across the market, a volatile macroeconomic environment is influencing the pace of commercial decision-making. While this is temporarily affecting the timing of certain tangible conversions, it does not call into question the underlying momentum of our growth engine.

Against this backdrop, we continue to take decisive and structuring actions. First, we are deploying targeted commercial initiatives with an unwavering focus on disciplined execution. Second, we are further strengthening our portfolio around our three technology strategic growth pillars – agentic AI, sovereignty and cybersecurity – as the rapid adoption of AI continues to drive demand for secure, mission‑critical and sovereign digital infrastructures. This momentum is illustrated by the launch of the Atos Sovereign Agentic Studios in four countries, alongside the creation of an Atos Threat Research Center.

Overall, business outlook remains solid. Underlying demand is robust, and client engagement is improving. Our strategic repositioning is delivering tangible results, as reflected in the strong and qualitative book‑to‑bill and commercial pipeline. We continue to adapt proactively, maintaining agility as market conditions evolve.

While the environment remains demanding, our focus on execution is clear. Genesis is delivering structural progress, and we are confident in our ability to relaunch the Group on a stronger, resilient and AI‑enabled growth trajectory.”

 

 

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About Atos Group

Atos Group is a global leader in digital transformation with c. 59,000 employees and annual revenue of c.   € 7.2 billion, operating in 61 countries under two brands — Atos for services and Eviden for products and systems. European number one in cybersecurity and cloud, Atos Group is committed to a secure and decarbonized future and provides tailored AI-powered, end-to-end solutions for all industries. Atos Group is the brand under which Atos SE (Societas Europaea) operates. Atos SE is listed on Euronext Paris.

The purpose of Atos Group  is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space.

 

Contact

Investor relations: investors@atos.net

Individual shareholders: +33 8 05 65 00 75

Media relations: globalprteam@atos.net 

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• Group’s baseline for establishing future ambition: for all years, excluding the estimated impact of Advanced Computing activities, South America operations and Ideal GRP divestitures
• Net change in cash before debt repayment, and calculated before the estimated impacts of (i) exchange rate fluctuation, (ii) M&A and (iii) change in unsolicited payments received in advance of the invoice payment due date during the year