earnings
confidence high
sentiment neutral
materiality 0.75
Concentrix Q3 revenue $2.45B (-1.2% YoY); $1.05B goodwill impairment drives $16.24 GAAP EPS loss, non-GAAP EPS $2.92
Concentrix Corp
2026-Q3 EPS
reported -$14.99
vs consensus $2.76
▼ miss
(-643.3%)
- Q3 revenue $2,453.7M, down 1.2% YoY (down 0.5% constant currency); non-GAAP operating income $309.0M (12.6% margin) vs $305.1M (12.3%) a year ago.
- GAAP operating loss $(910.3)M and net loss $988.1M include a $1,050.0M non-cash goodwill impairment tied to the stock's trading range and market cap; GAAP diluted EPS $(16.24) vs $1.34.
- Non-GAAP diluted EPS $2.92 vs $2.78 (+5.0%); Adjusted EBITDA $363.0M (14.8% margin) vs $359.2M (14.5%). Company says it exceeded profitability guidance.
- Record third-quarter cash from operations of $268.2M and adjusted free cash flow of $218.3M.
- Dividend raised to $0.37/share from $0.36, payable Nov 3, 2026 to holders of record Oct 23; no buybacks in Q3, $396.6M remaining repurchase authorization.