Concentrix Reports Third Quarter 2026 Results
Key Highlights
- ➤Goodwill impairment $1,050.0M drives operating loss $(910.3)M and diluted EPS $(16.24)
- ➤Non-GAAP diluted EPS $2.92, up 5.0% year-over-year
- ➤Fourth-quarter revenue guidance $2.410B-$2.460B implies 3.0%-5.0% constant-currency decline
- ➤Full-year revenue guidance $9.827B-$9.877B implies 0.3%-0.8% constant-currency decline
- ➤Quarterly dividend increased to $0.37 per share, payable November 3, 2026
Expert Statements
Chris Caldwell, President and CEO of Concentrix
“This quarter, we reached an inflection point where 50% of our revenue is coming from business we have won and deployed within the last 3 years since the introduction of AI,”
Chris Caldwell, President and CEO of Concentrix
“While we are aggressively disrupting our own traditional business, the underlying new business is stronger and healthier as evidenced by our margin expansion, strong free cash flow and growth of our new services.”
* Exceeded profitability guidance for the quarter * Generated record-high third quarter free cash flow from operations of $268M, and adjusted free cash flow of $218M * Increased quarterly dividend NEWARK, Calif., Sept. 29, 2026 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ: CNXC), a global technology and services leader, today announced financial results for the fiscal third quarter ended August 31, 2026.
Three Months Ended August 31, 2026August 31, 2025Change Revenue ($M)$ 2,453.7$ 2,483.3(1.2)% Operating income (loss) ($M) ((1))$ (910.3)$ 147.0NM Non-GAAP operating income ($M) ((2))$ 309.0$ 305.11.3 % Operating margin ((1))(37.1)%5.9 %NM Non-GAAP operating margin ((2))12.6 %12.3 %30 bps Net income (loss) ($M) ((1))$ (988.1)$ 88.1NM Non-GAAP net income ($M) ((2))$ 186.5$ 183.21.8 % Adjusted EBITDA ($M) ((2))$ 363.0$ 359.21.1 % Adjusted EBITDA margin ((2))14.8 %14.5 %30 bps Diluted earnings (loss) per common share ((1))$ (16.24)$ 1.34NM Non-GAAP diluted earnings per common share ((2))$ 2.92$ 2.785.0 %
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