Agentic AI has reached technical viability in 2026, but most enterprises remain stuck between promise and payoff. Long-horizon agents are no longer theoretical, and technology providers are rapidly reshaping platforms, pricing, and services around autonomous, multiagent systems. Yet expanding investment has not translated into scale because companies lack orchestration maturity, executable governance, and disciplined nonhuman identity. This report explains why the chase-catch gap persists and outlines how leaders can close it through orchestration, control, and agent-native design.