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Concentrix reported Q2 2026 earnings that missed Wall Street expectations on both revenue and EPS, triggering a 20% premarket stock decline and potentially wiping out billions in market value.

, /PRNewswire/ -- Concentrix (NASDAQ: CNXC) shareholders lost approximately 20% of their investment value on June 29-30, 2026, after the company reported Q2 2026 results that fell short of consensus analyst estimates on both revenue and earnings per share. Investors who lost money on their Concentrix holdings are encouraged to submit their information here. You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

Concentrix reported Q2 2026 revenue and EPS below the figures analysts had anticipated. On the same day, the company similarly disclosed a cut to its full-year 2026 guidance: revenue was reduced from a midpoint of $10.11 billion to a range of $9.93-$10.03 billion, and non-GAAP EPS was reduced from $11.48-$12.07 to $10.83-$11.18. The company cited off-shoring headwinds representing an approximately 300 basis point drag as the primary reason for the setback.

The stock declined approximately 20% from the its closing price on June 29 to open on June 30. As recently as March 24, 2026, CFO Andre Valentine had stated on the Q1 2026 earnings call: "our goal is to be conservative with revenue guidance, and we are being prudent with the current geopolitical situation." That reaffirmation came roughly three months before the full-year outlook was cut.

Shareholders who purchased CNXC and suffered losses may click here to discuss their legal rights. You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

ABOUT THE FIRM -- For over two decades, Levi & Korsinsky has represented shareholders in securities class actions. Ranked in ISS Top 50 for seven consecutive years. Attorney Advertising. Prior results do not guarantee similar outcomes.

Frequently Asked Questions About the CNXC Investigation

Q: How much did CNXC stock drop?A: Shares fell approximately 20% by the time the market opened on June 30, 2026, following Concentrix's after-market disclosure that its Q2 2026 results fell shy of expectations and that the company would need to cut its full-year 2026 revenue and EPS guidance.

Q: Which statements are being investigated as potentially misleading?A: The investigation concerns whether Concentrix made materially false or misleading statements regarding its financial performance and business outlook, including forward guidance figures that were materially reduced just months after being reaffirmed. When the revised outlook was disclosed, the stock price declined sharply.

Q: Who is eligible to participate in the CNXC investigation?A: Investors who purchased CNXC stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses -- not on whether you still hold the shares.

Q: What do CNXC investors need to do right now?A: Gather brokerage records including purchase dates, share quantities, and prices paid. Contact Levi & Korsinsky for a free, no-obligation evaluation at [email protected] or (212) 363-7500. No immediate action is required to remain eligible to participate in the investigation.

Q: What happens after I contact Levi & Korsinsky?A: An attorney will review your trading history at no cost and provide an initial assessment of your potential recovery.

Q: What if I already sold my CNXC shares -- can I still recover losses?A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought CNXC and sold at a loss may still participate in the investigation.

Q: What does it cost me to participate?A: Nothing. Securities investigations and any resulting actions are handled on a pure contingency basis. No upfront fees, no retainer, no out-of-pocket costs.

Q: How long will the investigation take to resolve?A: Securities fraud investigations typically take two to four years from initiation to resolution.

CONTACT:\

Levi & Korsinsky, LLP\

Joseph E. Levi, Esq.\

Ed Korsinsky, Esq.\

33 Whitehall Street, 27th Floor\

New York, NY 10004\

[email protected]\

Tel: (212) 363-7500\

Fax: (212) 363-7171

SOURCE Levi & Korsinsky, LLP

Concentrix stock plunges 20% overnight after Q2 2026 earnings miss and FY 2026 guidance cut -- wiping out billions in shareholder value in a single session. July 10, 2026 09:00 ET  | Source: Levi & Korsinsky, LLP

NEW YORK, July 10, 2026 (GLOBE NEWSWIRE) -- Concentrix (NASDAQ: CNXC) shares opened down more than 20% on June 30, 2026 after the company reported Q2 2026 earnings and revenue below expectations and slashed its full-year 2026 guidance. Investors who lost money on Concentrix are encouraged to submit their information now. You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

The sell-off followed a quarterly earnings report filed June 29, 2026 in which Concentrix cut FY 2026 revenue guidance from a $10.11 billion midpoint to $9.93-$10.03 billion and reduced non-GAAP EPS guidance from $11.48-$12.07 to $10.83-$11.18. The company cited off-shoring headwinds of approximately 300 basis points alongside some customers reallocating their spending distribution.

Levi & Korsinsky is investigating whether Concentrix made materially misleading statements prior to the June 29 disclosure. On January 13, 2026, Concentrix had initially provided the guided figures. CFO Andre Valentine separately reaffirmed the Company’s revenue, earnings, and cash flow guidance as recently as March 24, 2026.

Shareholders who suffered losses on their CNXC investment are encouraged to get more information about this investigation. You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

ABOUT LEVI & KORSINSKY, LLP -- Over the past 20 years, Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders. The firm has extensive expertise in complex securities litigation and a team of over 70 employees. For seven consecutive years, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report. Attorney Advertising. Prior results do not guarantee similar outcomes.

Frequently Asked Questions About the CNXC Investigation

Q: What is the CNXC securities fraud investigation about? A: A securities fraud investigation has been initiated concerning Concentrix (NASDAQ: CNXC) regarding potentially materially false and misleading statements. Shares fell 20% overnight following the company’s disclosed Q2 2026 earnings miss and cut FY 2026 guidance, causing significant losses for shareholders.

Q: Who is conducting the CNXC investigation? A: Levi & Korsinsky, LLP is investigating potential securities fraud on behalf of investors who purchased CNXC securities. The firm is nationally recognized, ranked in the ISS Top 50 for seven consecutive years, and has recovered hundreds of millions of dollars for aggrieved investors.

Q: Who is eligible to participate in the CNXC investigation? A: Investors who purchased CNXC stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses -- not on whether you still hold the shares.

Q: What do CNXC investors need to do right now? A: Gather brokerage records including purchase dates, share quantities, and prices paid. Contact Levi & Korsinsky for a free, no-obligation evaluation at [email protected] or (212) 363-7500. No immediate action is required to remain eligible to participate in the investigation.

Q: What does it cost me to participate? A: Nothing. Securities investigations and any resulting actions are handled on a pure contingency basis. No upfront fees, no retainer, no out-of-pocket costs.

Q: What if I already sold my CNXC shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought CNXC and sold at a loss may still participate in the investigation.

Q: Do I need to go to court or give testimony? A: No. Participating in the investigation does not require court appearances or depositions. If legal action is later pursued, the overwhelming majority of affected investors never appear in court either.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171

LOS ANGELES--(BUSINESS WIRE)---- $CNXC--CNXC Investors Have Opportunity to Join Concentrix Corporation Fraud Investigation with the Schall Law Firm.

NEWARK, Calif., July 07, 2026 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ: CNXC), a global technology and services leader, today released its 2026 Sustainability Report. This report shows how sustainability drives performance, creates value, and helps clients through The Power of One: individual actions across a global workforce that add up to measurable impact.

The 2026 report reflects a shift in how Concentrix approaches sustainability reporting, focusing on execution and measurable results. The company earned an EcoVadis Gold Medal, placing it in the top 5% of companies assessed worldwide, along with an ‘A’ score for climate disclosure from CDP and SBTi validation of its net-zero targets against a 1.5°C pathway.

That discipline shows up across the business, in lower emissions, sharper skills, and stronger communities:

25.7% cut in absolute emissions against a 2019 baseline, on track toward a 46.2% reduction by 20301.37 million trees planted since 2021, now supported by a new partnership with Plant-for-the-Planet7 million+ learning hours and 16 million course completions to help our teams build AI and future-ready skillsISO/IEC 42001:2023 certification for how Concentrix governs AI across its services2.8 million kg of emissions potentially avoided through the Carbon Challenge portal, now powered by an AI assistant and extended to schools$6.26 million and 396,000 volunteer hours contributed to communities through Think Human Fund and local teams “Concentrix has reached the point where sustainability and technology advance together, each making the other stronger,” said Philip Cassidy, Executive Vice President, Strategic Projects and Corporate Strategy at Concentrix. “By operationalizing ESG and embedding it into how we run, not bolting it on as an afterthought, we cut costs, sharpen risk management, and meet the standards clients increasingly demand. The result is a program that does more than demonstrate responsibility, it converts that responsibility into measurable value: for the business, and for every client we serve.”

From cleaner operations to responsible AI and the skills to put it to work, Concentrix is engineering a smarter, more sustainable business, and a world that works better for everyone. Read the full 2026 sustainability report – The Power of One.

About us: Powering a World That Works
Concentrix (NASDAQ: CNXC), is the Fortune 500® technology and services company, helping the world’s best brands create intelligent operations that perform in the real world. We design, build, and run integrated human and AI solutions, harnessing the insight from billions of real-world interactions to help 2,000+ of the world’s most complex organizations solve their toughest business challenges. Backed by 20+ years of operational experience and battle-tested AI, we’re the intelligent transformation partner that helps clients across every major industry move from ambition to measurable, scalable performance. Virtually everywhere. Visit concentrix.com to learn more. 

Media Contact:
Marketing & Communications
Concentrix Corporation
[email protected]

From Fortune. ©2026 Fortune Media (USA) Corporation. All rights reserved. Used under license. Fortune and Fortune 500 are registered trademarks of Fortune Media (USA) Corporation and are used under license. Fortune and Fortune Media (USA) Corporation are not affiliated with, and do not endorse products or services of, Concentrix.

Safe Harbor Statement
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements regarding the company’s capabilities and positioning to deliver business outcomes and solve challenges for its clients, future benefits from the company’s sustainability program, including emissions reduction targets, cost savings and cleaner operations, and statements that include words such as believe, expect, may, will, provide, could and should and other similar expressions. These forward-looking statements are inherently uncertain and involve substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Risks and uncertainties include, among other things, risks related to the company’s ability to successfully execute its strategy, competitive conditions in the company’s industry, and other factors contained in the Company’s Annual Report on Form 10-K for the fiscal year ended November 30, 2025 filed with the Securities and Exchange Commission and subsequent SEC filings. We do not undertake a duty to update forward-looking statements, which speak only as of the date on which they are made.

Copyright 2026 Concentrix Corporation and its subsidiaries. All rights reserved. Concentrix, the Concentrix logo, and all other Concentrix company, product and services names and slogans are trademarks or registered trademarks of Concentrix Corporation and its subsidiaries.

The market fears that Concentrix Corporation faces existential AI disruption, though the company's operating results have been resilient. That said, the earnings trajectory has started to weaken a bit, and Q2 was another underwhelming report. Shares would be a value here if the company had a clean balance sheet. But, due to its massive leverage, this is a highly speculative situation.

Analyst Cuts Price Forecast After Guidance ResetAnalyst Luke Morison cut his price forecast on Concentrix to $45 from $55 but reiterated a Buy rating, arguing that the stock’s valuation remains attractive despite a weaker growth outlook.

The brokerage said the company’s reduced fiscal 2026 guidance was the biggest concern.

Management lowered its constant-currency revenue growth outlook to about 0.75% from roughly 2.5%, indicating growth is expected to slow through the remainder of the year instead of accelerating in the second half.

Customer Spending Trends Weigh on OutlookCanaccord attributed the weaker outlook to structural pressures rather than a cyclical slowdown.

The firm said accelerated offshoring and spending cuts by several large cloud, social media and telecom customers each contributed about one percentage point of the additional headwind.

It added that customers are making spending decisions more rapidly, creating a lower-visibility operating environment.

AI Platform Continues to Deliver GrowthThe brokerage highlighted continued momentum in Concentrix’s AI platform, iX, which is expected to generate more than $120 million in annual recurring revenue by year-end.

Customers using the platform are growing faster than the broader business and produce margins roughly 350 basis points above the corporate average.

However, Canaccord said the AI business is still too small to offset weakness across Concentrix’s nearly $10 billion revenue base.

Margins, Cash Flow and Valuation Remain Bright SpotsCanaccord also pointed to resilient margins, record second-quarter free cash flow and ongoing debt reduction. The firm expects Concentrix to end fiscal 2026 with net leverage below 2.6x and continue deleveraging in fiscal 2027.

Despite lowering its estimates, Canaccord said Concentrix’s valuation remains compelling.

The stock trades at about 4x enterprise value-to-EBITDA with a free cash flow yield exceeding 50%, levels the firm said already price in a prolonged secular decline.

Technical Picture Remains WeakThe selloff deepened an already bearish trend. Concentrix shares have fallen 58.8% over the past 12 months and now trade below their 20-day, 50-day, 100-day and 200-day simple moving averages.

The stock sits 16.5% below its 20-day average, 15.9% below its 50-day average, 24% below its 100-day average and 39.1% below its 200-day average.

Momentum indicators also remain negative. The MACD is below its signal line, while the histogram remains below zero, suggesting bearish momentum persists. The longer-term “death cross,” where the 50-day moving average sits below the 200-day moving average, continues to point to a weak trend.

The stock also traded below its previous 52-week low of $22.05, removing a key technical support level.

Immediate resistance is near $25.61, around the 50-day moving average. Initial support is near $21.47.

Price ActionCNXC Stock Price Activity: Concentrix shares were down 15.02% at $21.44 at the time of publication on Tuesday, according to Benzinga Pro data.

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U.S. stock futures were higher this morning, with the Dow futures gaining more than 100 points on Tuesday.

Concentrix reported quarterly earnings of $2.63 per share, which missed the analyst consensus estimate of $2.64, according to Benzinga Pro data. Quarterly revenue came in at $2.46 billion, which missed the consensus estimate of $2.47 billion by 0.44%.

Concentrix shares dipped 24% to $19.19 in pre-market trading.

Here are some other stocks moving lower in pre-market trading.

Photo via Shutterstock

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The tech resurgence was running out of steam ahead of the open Tuesday but there were still plenty of AI and chip stocks on the move.

Here’s a look at the details inside the report. 

CNXC stock is moving. Watch the price action here. Concentrix Q2 Details     Concentrix reported quarterly earnings of $2.63 per share, which missed the analyst consensus estimate of $2.64, according to Benzinga Pro data.

Quarterly revenue came in at $2.46 billion, which missed the consensus estimate of $2.47 billion by 0.44%.

“Our second quarter marked an acceleration in many areas in the evolution of our business,” said Chris Caldwell, CEO of Concentrix.

“Our blended AI and services approach is delivering value to clients by lowering their costs and increasing their revenue, helping us differentiate ourselves in the marketplace,” Caldwell added.

Looking AheadConcentrix lowered its fiscal 2026 adjusted EPS guidance to between $10.83 and $11.18, versus the $11.97 analyst estimate, and lowered its revenue outlook to $9.93 billion to $10.03 billion, versus the $10.14 billion estimate. 

CNXC Stock Price Activity: According to data from Benzinga Pro, Concentrix stock was down 24.02% to $19.17 in Monday’s extended trading.  

Photo: Shutterstock

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Revenue and profit within guidance as reportedA record-high second quarter $258M in cash flow from operations, $242M in adjusted free cash flow iX Suite deals up 400% year over year

NEWARK, Calif., June 29, 2026 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ: CNXC), a global technology and services leader, today announced financial results for the fiscal second quarter ended May 31, 2026.

  Three Months Ended    May 31, 2026 May 31, 2025 ChangeRevenue($M) $2,462.5  $2,417.4  1.9%Operating income($M) $95.4  $148.3  (35.7)%Non-GAAP operating income($M) (1) $292.0  $303.7  (3.9)%Operating margin  3.9%  6.1% -220 bpsNon-GAAP operating margin (1)  11.9%  12.6% -70 bpsNet income($M) $55.3  $42.1  31.4%Non-GAAP net income($M) (1) $168.6  $179.6  (6.1)%Adjusted EBITDA($M) (1) $347.4  $357.3  (2.8)%Adjusted EBITDA margin (1)  14.1%  14.8% -70 bpsDiluted earnings per common share $0.86  $0.63  36.5%Non-GAAP diluted earnings per common share (1) $2.63  $2.70  (2.6)%(1) See non-GAAP reconciliations included in the accompanying financial tables for the reconciliation of each non-GAAP measure to its most directly comparable GAAP measure.
Second Quarter Fiscal 2026 Highlights:

Revenue of $2,462.5 million, an increase of 1.9% year-on-year on an as reported basis compared to revenue of $2,417.4 million in the prior year second quarter. The Company grew revenue 0.6% year-on-year on a constant currency basis.Operating income of $95.4 million, or 3.9% of revenue, compared to $148.3 million, or 6.1% of revenue, in the prior year second quarter.Non-GAAP operating income of $292.0 million, or 11.9% of revenue, compared with $303.7 million, or 12.6% of revenue in the prior year second quarter.Adjusted EBITDA of $347.4 million, or 14.1% of revenue, compared with $357.3 million, or 14.8% of revenue in the prior year second quarter.Cash flow provided by operations was $257.9 million in the quarter. Adjusted free cash flow(1) was $242.3 million in the quarter.Diluted earnings per common share (“EPS”) was $0.86 compared to $0.63 in the prior year second quarter.Non-GAAP diluted EPS was $2.63 compared to $2.70 in the prior year second quarter. “Our second quarter marked an acceleration in many areas in the evolution of our business,” said Chris Caldwell, President and CEO of Concentrix. “Our blended AI and services approach is delivering value to clients by lowering their costs and increasing their revenue, helping us differentiate ourselves in the marketplace."

Quarterly Dividend and Share Repurchase Program:

The Company paid a $0.36 per share quarterly dividend on May 5, 2026. The Company’s Board of Directors has declared a quarterly dividend of $0.36 per share payable on August 4, 2026, to shareholders of record at the close of business on July 24, 2026.The Company did not repurchase any shares under its share repurchase program during the second quarter of fiscal year 2026. At May 31, 2026, the Company’s remaining share repurchase authorization was $396.6 million. Business Outlook:
The following statements are based on the Company’s current expectations for the third quarter and the full year fiscal 2026. Non-GAAP financial measures exclude the impact of acquisition-related, integration and restructuring expenses, amortization of intangible assets, depreciation, loss on held for sale, share-based compensation and the related tax effects thereon. The non-GAAP EPS guidance assumes no impact from changes in acquisition contingent consideration and foreign currency losses (gains), net included in other expense (income), net. These statements are forward-looking and actual results may differ materially.

Third Quarter Fiscal 2026 Expectations:

Third quarter reported revenue of $2.465 billion to $2.490 billion. Based on current exchange rates, these expectations assume an approximate 75-basis point negative impact of foreign exchange rates compared with the prior year period. The guidance implies constant currency revenue growth for the quarter ranging from 0.0% to 1.0%.Operating income of $121 million to $131 million and non-GAAP operating income of $295 million to $305 million.Non-GAAP diluted EPS of $2.65 to $2.77, assuming approximately 60.9 million diluted common shares outstanding and approximately 4.8% of net income attributable to participating securities.The effective tax rate is expected to be approximately 25%. Full Year 2026 Expectations:

Full year reported revenue of $9.925 billion to $10.025 billion. Based on current exchange rates, these expectations assume an approximate 75-basis point positive impact of foreign exchange rates compared with the prior year. The guidance implies constant currency revenue growth for the full year of 0.25% to 1.25%.Operating income of $509 million to $539 million and non-GAAP operating income of $1,200 million to $1,230 million.Non-GAAP diluted EPS of $10.83 to $11.18, assuming approximately 61.1 million diluted common shares outstanding and approximately 4.8% of net income attributable to participating securities.The effective tax rate is expected to be approximately 24.5%. In addition, the Company expects to generate approximately $630.0 million to $650.0 million of adjusted free cash flow in fiscal year 2026.

The Company believes that a quantitative reconciliation of the non-GAAP EPS outlook to the most directly comparable GAAP measure cannot be provided without unreasonable efforts due to (a) the inability to forecast future changes in acquisition contingent consideration, which is based, in part, on the future trading price of the Company’s common stock, and (b) the inability to forecast future foreign currency losses (gains), net included in other expense (income), net. For the same reason, the Company is unable to address the probable significance of the unavailable information, which may have a material impact on the Company’s GAAP results.

The Company believes that a quantitative reconciliation of the adjusted free cash flow outlook to the most directly comparable GAAP measure cannot be provided without unreasonable efforts due to uncertainty related to the future changes in the Company’s factoring program and related timing of those changes. For the same reason, the Company is unable to address the probable significance of the unavailable information, which may have a material impact on the Company’s GAAP results.

Conference Call and Webcast
The Company will host a conference call for investors to review its second quarter fiscal 2026 results today at 5:00 p.m. (ET)/2:00 p.m. (PT).

The live conference call webcast will be available in listen-only mode in the Investor Relations section of the Company’s website under “Events and Presentations” at https://ir.concentrix.com/events-and-presentations. A replay will also be available on the website following the conference call.

About Concentrix: Powering a World That Works
Concentrix Corporation (NASDAQ: CNXC), is the Fortune 500® technology and services company, helping the world's best brands create intelligent operations that perform in the real world. We design, build, and run integrated human and AI solutions, harnessing the insight from billions of real-world interactions to help 2,000+ of the world’s most complex organizations solve their toughest business challenges. Backed by 20+ years of operational experience and battle tested AI, we’re the intelligent transformation partner that helps clients across every major industry move from ambition to measurable, scalable performance. Virtually everywhere. To learn more, visit concentrix.com.

Use of Non-GAAP Information
In addition to disclosing financial results that are determined in accordance with GAAP, we also disclose certain non-GAAP financial information, including:

Constant currency revenue growth, which is revenue growth adjusted for the translation effect of foreign currencies so that certain financial results can be viewed without the impact of fluctuations in foreign currency exchange rates, thereby facilitating period-to-period comparisons of our business performance. Constant currency revenue growth is calculated by translating the revenue of each fiscal year in the billing currency to U.S. dollars using the comparable prior year’s currency conversion rate in comparison to prior year’s revenue. Generally, when the U.S. dollar either strengthens or weakens against other currencies, revenue growth at constant currency rates or adjusting for currency will be higher or lower than revenue growth reported at actual exchange rates.Non-GAAP operating income, which is operating income, adjusted to exclude acquisition-related, integration and restructuring expenses, step-up depreciation, amortization of intangible assets, loss on held for sale and share-based compensation.Non-GAAP operating margin, which is non-GAAP operating income, as defined above, divided by revenue.Adjusted earnings before interest, taxes, depreciation, and amortization, or adjusted EBITDA, which is non-GAAP operating income, as defined above, plus depreciation (exclusive of step-up depreciation).Adjusted EBITDA margin, which is adjusted EBITDA, as defined above, divided by revenue.Non-GAAP net income, which is net income excluding the tax-effected impact of acquisition-related, integration and restructuring expenses, step-up depreciation, amortization of intangible assets, loss on held for sale, share-based compensation, certain debt costs, imputed interest related to the Sellers’ Note, certain legal settlement costs, change in acquisition contingent consideration and foreign currency losses (gains), net. Non-GAAP net income also excludes the income tax effect of certain tax law changes.Free cash flow, which is cash flows from operating activities less capital expenditures, and adjusted free cash flow, which is free cash flow excluding the effect of changes in the outstanding factoring balance. We believe that free cash flow is a meaningful measure of cash flows since capital expenditures are a necessary component of ongoing operations. We believe that adjusted free cash flow is a meaningful measure of cash flows because it removes the effect of factoring which changes the timing of the receipt of cash for certain receivables. However, free cash flow and adjusted free cash flow have limitations because they do not represent the residual cash flow available for discretionary expenditures. For example, free cash flow and adjusted free cash flow do not incorporate payments for business acquisitions.Non-GAAP diluted EPS, which is diluted EPS excluding the per share, tax-effected impact of acquisition-related, integration and restructuring expenses, step-up depreciation, amortization of intangible assets, loss on held for sale, share-based compensation, certain debt costs, imputed interest related to the Sellers’ Note, certain legal settlement costs, change in acquisition contingent consideration and foreign currency losses (gains), net. Non-GAAP EPS also excludes the per share income tax effect of certain tax law changes. Non-GAAP EPS also reflects a per share adjustment to exclude non-GAAP net income attributable to participating securities. We believe that providing this additional information is useful to the reader to better assess and understand our base operating performance, especially when comparing results with previous periods and for planning and forecasting in future periods, primarily because management typically monitors the business adjusted for these items in addition to GAAP results. Management also uses these non-GAAP measures to establish operational goals and, in some cases, for measuring performance for compensation purposes. These non-GAAP financial measures exclude amortization of intangible assets. Although intangible assets contribute to our revenue generation, the amortization of intangible assets does not directly relate to the services performed for our clients. Additionally, intangible asset amortization expense typically fluctuates based on the size and timing of our acquisition activity. Accordingly, we believe excluding the amortization of intangible assets, along with the other non-GAAP adjustments, which neither relate to the ordinary course of our business nor reflect our underlying business performance, enhances our and our investors’ ability to compare our past financial performance with our current performance and to analyze underlying business performance and trends. These non-GAAP financial measures also exclude share-based compensation expense. Given the subjective assumptions and the variety of award types that companies can use when calculating share-based compensation expense, management believes this additional information allows investors to make additional comparisons between our operating results and those of our peers. As these non-GAAP financial measures are not calculated in accordance with GAAP, they may not necessarily be comparable to similarly titled measures employed by other companies. These non-GAAP financial measures should not be considered in isolation or as a substitute for the comparable GAAP measures and should be used as a complement to, and in conjunction with, data presented in accordance with GAAP.

Safe Harbor Statement
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements regarding the Company’s expected future financial condition, growth and profitability, results of operations, including revenue and operating income, cash flows, and effective tax rate, leverage and liquidity, capital expenditures and anticipated investment costs, the Company’s stock price and market capitalization, the future growth and success of, and demand for, the Company’s services and products, the potential benefits associated with use of the Company’s artificial intelligence (“AI”) solutions and other products, share repurchase and dividend activity, capital allocation, debt repayment and obligations, business strategy, product launches, foreign currency exchange rate fluctuations, and statements that include words such as believe, expect, intend, plan, may, will, anticipate, provide, could, should, target, estimate, outlook, and other similar expressions. These forward-looking statements are inherently uncertain and involve substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Risks and uncertainties include, among other things: risks related to general economic and geopolitical conditions and their effects on our clients’ businesses and demand for our services, including consumer demand, interest rates, inflation, the price of oil and other petroleum-based products, international tariffs and global trade policies, supply chains, and the conflicts in the Middle East and Ukraine; cyberattacks on the Company’s or its clients’ networks and information technology systems; uncertainty around, and disruption from, new and emerging technologies, including the adoption and utilization of AI, including agentic and generative AI; the failure of the Company’s staff and contractors to adhere to the Company’s and its clients’ controls and processes; the inability to protect personal and proprietary information; the effects of communicable diseases or other public health crises, natural disasters and adverse weather conditions; geopolitical, economic and climate- or weather-related risks in regions with a significant concentration of the Company’s operations; the ability to successfully execute the Company’s strategy; the timing and success of product launches; competitive conditions in the Company’s industry and consolidation of its competitors; variability in demand by the Company’s clients or the early termination of the Company’s client contracts; the level of business activity of the Company’s clients and the market acceptance and performance of their products and services; the demand for end-to-end solutions and technology; damage to the Company’s reputation through the actions or inactions of third parties; changes in law, regulations, or regulatory guidance, or changes in their interpretation or enforcement, including changes in law and policy that restrict offshoring or travel or visas between countries in which we have operations; the operability of the Company’s communication services and information technology systems and networks; the loss of key personnel or the inability to attract and retain staff across all geographies with the skills and expertise needed for the Company’s business; increases in the cost of labor, including minimum wage rates in the countries in which the Company operates; the inability to successfully identify, complete, and integrate strategic acquisitions or investments or realize anticipated benefits within the expected timeframe; higher than expected tax liabilities; currency exchange rate fluctuations; investigative or legal actions; and other factors contained in the Company’s Annual Report on Form 10-K for the fiscal year ended November 30, 2025 filed with the Securities and Exchange Commission (“SEC”) and subsequent documents filed with or furnished to the SEC. The Company does not undertake a duty to update forward-looking statements, which speak only as of the date on which they are made, except as required by law.

Copyright 2026 Concentrix Corporation. All rights reserved. Concentrix, the Concentrix logo, and all other Concentrix company, product, and services word and design marks and slogans are trademarks or registered trademarks of Concentrix Corporation and its subsidiaries. Other names and marks are the property of their respective owners.

From Fortune ©2026 Fortune Media (USA) Corporation. All rights reserved. Used under license. Fortune and Fortune 500 are registered trademarks of Fortune Media (USA) Corporation and are used under license. Fortune and Fortune Media (USA) Corporation are not affiliated with, and do not endorse products or services of, Concentrix.

Investor Contact:
Elise Brassell
Concentrix Corporation
[email protected]

CONCENTRIX CORPORATION
CONSOLIDATED BALANCE SHEETS
(currency and share amounts in thousands, except par value)  May 31, 2026 November 30, 2025  (unaudited)  ASSETS    Current assets:    Cash and cash equivalents $255,566  $327,347 Accounts receivable, net  1,987,978   1,999,021 Assets held for sale  202,738   — Other current assets  593,611   758,135 Total current assets  3,039,893   3,084,503 Property and equipment, net  709,829   735,550 Goodwill  3,653,490   3,671,746 Intangible assets, net  1,749,909   1,960,338 Deferred tax assets  343,201   317,453 Other assets  1,016,525   991,496 Total assets $10,512,847  $10,761,086      LIABILITIES AND STOCKHOLDERS’ EQUITY    Current liabilities:    Accounts payable $198,108  $244,771 Current portion of long-term debt  650,000   65,625 Accrued compensation and benefits  658,057   764,962 Other accrued liabilities  815,876   997,198 Income taxes payable  85,078   123,794 Liabilities held for sale  172,259   — Total current liabilities  2,579,378   2,196,350 Long-term debt, net  3,934,874   4,572,889 Other long-term liabilities  1,011,706   950,983 Deferred tax liabilities  285,603   296,519 Total liabilities  7,811,561   8,016,741 Stockholders’ equity:    Preferred stock, $0.0001 par value, 10,000 shares authorized and no shares issued and outstanding as of May 31, 2026 and November 30, 2025, respectively  —   — Common stock, $0.0001 par value, 250,000 shares authorized; 70,591 and 70,316 shares issued as of May 31, 2026 and November 30, 2025, respectively, and 60,863 and 61,739 shares outstanding as of May 31, 2026 and November 30, 2025, respectively  7   7 Additional paid-in capital  3,838,082   3,783,972 Treasury stock, 9,728 and 8,577 shares as of May 31, 2026 and November 30, 2025, respectively  (657,340)  (610,162)Retained deficit  (146,518)  (177,010)Accumulated other comprehensive loss  (332,945)  (252,462)Total stockholders’ equity  2,701,286   2,744,345 Total liabilities and stockholders’ equity $10,512,847  $10,761,086  CONCENTRIX CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(currency and share amounts in thousands, except per share amounts)
(unaudited)  Three Months Ended
   Six Months Ended
    May 31, 2026 May 31, 2025
 % Change May 31, 2026 May 31, 2025
 % ChangeRevenue              Technology and consumer electronics $624,244  $662,719  (6)% $1,259,333  $1,320,411  (5)%Retail, travel and e-commerce  640,795   583,782  10%  1,290,158   1,167,680  10%Communications and media  392,255   392,963  —%  786,271   763,963  3%Banking, financial services and insurance  432,388   384,015  13%  853,993   749,208  14%Healthcare  151,869   176,386  (14)%  330,699   366,191  (10)%Other  220,922   217,506  2%  442,410   422,140  5%Total revenue $2,462,473  $2,417,371  2% $4,962,864  $4,789,593  4%Cost of revenue  1,639,124   1,569,223  4%  3,289,858   3,085,546  7%Gross profit  823,349   848,148  (3)%  1,673,006   1,704,047  (2)%Selling, general and administrative expenses  727,928   699,803  4%  1,459,026   1,386,835  5%Operating income  95,421   148,345  (36)%  213,980   317,212  (33)%Interest expense and finance charges, net  68,074   75,406  (10)%  143,391   148,400  (3)%Other expense (income), net  (42,128)  21,218  (299)%  (27,617)  16,299  (269)%Income before income taxes  69,475   51,721  34%  98,206   152,513  (36)%Provision for income taxes  14,199   9,628  47%  21,341   40,163  (47)%Net income $55,276  $42,093  31% $76,865  $112,350  (32)%               Earnings per common share:              Basic $0.86  $0.63    $1.20  $1.68   Diluted $0.86  $0.63    $1.20  $1.68   Weighted-average common shares outstanding:              Basic  60,850   63,355     61,062   63,693   Diluted  60,862   63,406     61,078   63,733    CONCENTRIX CORPORATION
RECONCILIATION OF GAAP TO NON-GAAP MEASURES
(currency and share amounts in thousands, except per share amounts)
(unaudited)  Three Months Ended Six Months Ended  May 31, 2026 May 31, 2026Revenue $2,462,473  $4,962,864 Revenue growth, as reported under U.S. GAAP  1.9%  3.6%Foreign exchange impact  (1.3)%  (2.3)%Constant currency revenue growth  0.6%  1.3%   Three Months Ended
 Six Months Ended
  May 31, 2026
 May 31, 2025
 May 31, 2026
 May 31, 2025
Operating income $95,421  $148,345  $213,980  $317,212 Acquisition-related, integration and restructuring expenses (1)  65,505   16,808   100,374   34,832 Step-up depreciation  2,701   2,536   5,456   4,912 Amortization of intangibles  102,057   109,158   205,513   214,777 Loss on held for sale  963   —   6,892   — Share-based compensation  25,367   26,862   54,822   53,462 Non-GAAP operating income $292,014  $303,709  $587,037  $625,195    Three Months Ended
 Six Months Ended
  May 31, 2026 May 31, 2025
 May 31, 2026 May 31, 2025
Net income $55,276  $42,093  $76,865  $112,350 Interest expense and finance charges, net  68,074   75,406   143,391   148,400 Provision for income taxes  14,199   9,628   21,341   40,163 Other expense (income), net  (42,128)  21,218   (27,617)  16,299 Acquisition-related, integration and restructuring expenses (1)  65,505   16,808   100,374   34,832 Step-up depreciation  2,701   2,536   5,456   4,912 Amortization of intangibles  102,057   109,158   205,513   214,777 Loss on held for sale  963   —   6,892   — Share-based compensation  25,367   26,862   54,822   53,462 Depreciation (exclusive of step-up depreciation)  55,361   53,615   108,519   106,336 Adjusted EBITDA $347,375  $357,324  $695,556  $731,531    Three Months Ended Six Months Ended  May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025Operating margin 3.9% 6.1% 4.3% 6.6%Non-GAAP operating margin 11.9% 12.6% 11.8% 13.1%Adjusted EBITDA margin 14.1% 14.8% 14.0% 15.3%   Three Months Ended Six Months Ended  May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025Net income $55,276  $42,093  $76,865  $112,350 Acquisition-related, integration and restructuring expenses (1)  65,505   16,808   100,374   34,832 Step-up depreciation  2,701   2,536   5,456   4,912 Debt costs (2)  —   1,102   6,268   1,102 Imputed interest related to Sellers’ Note included in interest expense and finance charges, net  —   4,503   —   8,689 Legal settlement costs (3)  —   2,000   —   2,000 Change in acquisition contingent consideration included in other expense (income), net  (529)  8,691   (945)  6,667 Foreign currency losses (gains), net (4)  (44,965)  10,789   (32,659)  6,610 Amortization of intangibles  102,057   109,158   205,513   214,777 Loss on held for sale  963   —   6,892   — Share-based compensation  25,367   26,862   54,822   53,462 Income taxes related to the above (5)  (37,805)  (44,931)  (85,862)  (81,923)Income tax effect of change in tax law  —   —   —   4,269 Non-GAAP net income $168,570  $179,611  $336,724  $367,747    Three Months Ended Six Months Ended  May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025Net income $55,276  $42,093  $76,865  $112,350 Less: net income allocated to participating securities (6)  (2,745)  (2,035)  (3,869)  (5,448)Net income attributable to common stockholders $52,531  $40,058  $72,996  $106,902    Three Months Ended Six Months Ended  May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025Non-GAAP net income $168,570  $179,611  $336,724  $367,747 Less: Non-GAAP net income allocated to participating securities (7)  (8,371)  (8,685)  (16,949)  (17,831)Non-GAAP income attributable to common stockholders $160,199  $170,926  $319,775  $349,916    Three Months Ended Six Months Ended  May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025Diluted earnings per common share (“EPS”) (6) $0.86  $0.63  $1.20  $1.68 Acquisition-related, integration and restructuring expenses  1.08   0.27   1.64   0.55 Step-up depreciation  0.04   0.04   0.09   0.08 Debt costs (2)  —   0.02   0.10   0.02 Imputed interest related to Sellers’ Note included in interest expense and finance charges, net  —   0.07   —   0.14 Legal settlement costs (3)  —   0.03   —   0.03 Change in acquisition contingent consideration included in other expense (income), net  (0.01)  0.14   (0.02)  0.10 Foreign currency losses (gains), net (4)  (0.74)  0.17   (0.53)  0.10 Amortization of intangibles  1.68   1.72   3.36   3.37 Loss on held for sale  0.02   —   0.11   — Share-based compensation  0.42   0.42   0.90   0.84 Income taxes related to the above (5)  (0.62)  (0.71)  (1.41)  (1.29)Income tax effect of change in tax law  —   —   —   0.07 Adjustment for participating securities (7)  (0.10)  (0.10)  (0.20)  (0.20)Non-GAAP Diluted EPS (7) $2.63  $2.70  $5.24  $5.49          Weighted-average number of common shares - diluted  60,862   63,406   61,078   63,733    Three Months Ended Six Months Ended  May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025Net cash provided by operating activities $257,891  $236,536  $174,671  $237,944 Purchases of property and equipment  (48,174)  (55,792)  (102,076)  (106,410)Free cash flow  209,717   180,744   72,595   131,534 Change in outstanding factoring balances  32,607   19,542   25,116   28,936 Adjusted free cash flow $242,324  $200,286  $97,711  $160,470    Forecast  Three Months Ending
August 31, 2026 Fiscal Year Ending
November 30, 2026  Low High Low HighRevenue $2,465,000  $2,490,000  $9,925,000  $10,025,000 Revenue growth, as reported under U.S. GAAP  (0.75)%  0.25%  1.00%  2.00%Foreign exchange impact  0.75%  0.75%  (0.75)%  (0.75)%Constant currency revenue growth  0.0%  1.0%  0.25%  1.25%   Forecast
  Three Months Ending
August 31, 2026
 Fiscal Year Ending
November 30, 2026
  Low
 High
 Low
 High
Operating income $120,900  $130,900  $508,808  $538,808 Amortization of intangibles  102,500   102,500   395,000   395,000 Share-based compensation  23,800   23,800   105,000   105,000 Acquisition-related, integration and restructuring expenses  45,000   45,000   175,000   175,000 Step-up depreciation  2,800   2,800   9,300   9,300 Loss on held for sale  —   —   6,892   6,892 Non-GAAP operating income $295,000  $305,000  $1,200,000  $1,230,000 
(1) For the three and six months ended May 31, 2026, acquisition-related, integration and restructuring expenses primarily included restructuring costs associated with our recent cost reduction initiatives, including severance and employee-related costs. Restructuring expenses also included costs associated with facilities consolidation, including lease terminations. For the three and six months ended May 31, 2025, acquisition-related, integration and restructuring costs primarily included integration costs associated with our combination with Webhelp and restructuring expenses. These costs primarily included severance and employee-related costs, costs associated with facilities consolidation, including lease terminations to integrate the businesses, and information technology system consolidation costs.

(2) For the six months ended May 31, 2026, debt costs included debt extinguishment costs associated with our early redemption of $600 million of our senior notes due in August 2026. For the three and six months ended May 31, 2025, debt costs included debt extinguishment costs associated with our restated credit agreement and our voluntary prepayment of a portion of our outstanding term loans.

(3) For the three and six months ended May 31, 2025, legal settlement costs consist of amounts incurred to settle certain litigation arising outside of the ordinary course of business.

(4) Foreign currency losses (gains), net are included in other expense (income), net and primarily consist of gains and losses recognized on the revaluation and settlement of foreign currency transactions and realized and unrealized gains and losses on derivative contracts that do not qualify for hedge accounting.

(5) The tax effect of taxable and deductible non-GAAP adjustments was calculated using the tax-deductible portion of the expenses and applying the entity-specific, statutory tax rates applicable to each item during the respective periods presented.

(6) Diluted EPS is calculated using the two-class method, which is an earnings allocation proportional to the respective ownership among holders of common stock and participating securities. Restricted stock awards and certain restricted stock units granted to employees are considered participating securities. For the purposes of calculating diluted EPS, net income attributable to participating securities was approximately 5.0% and 4.8% of net income, respectively, for the three months ended May 31, 2026 and 2025 and 5.0% and 4.8% of net income, respectively, for the six months ended May 31, 2026 and 2025.

(7) For the purposes of calculating non-GAAP net income attributable to common shareholders and non-GAAP diluted EPS, non-GAAP net income attributable to participating securities was approximately 5.0% and 4.8% of non-GAAP net income, respectively, for the three months ended May 31, 2026 and 2025, and 5.0% and 4.8% of non-GAAP net income, respectively, for the six months ended May 31, 2026 and 2025, and was excluded from non-GAAP net income attributable to common shareholders to calculate non-GAAP diluted EPS.

Analysts expect the company to report quarterly earnings of $2.65 per share. That’s down from $2.79 per share in the year-ago period. The consensus estimate for Concentrix's quarterly revenue is $2.49 billion (it reported $2.37 billion last year), according to Benzinga Pro.

After Concentrix beat the analyst consensus in Q4 2025, some investors may be eyeing potential gains from the company's dividends. As of now, the company has an annual dividend yield of 4.68%, which is a quarterly dividend amount of 36 cents per share ($1.44 a year).  

So, how can investors exploit its dividend yield to pocket a regular $500 monthly?

To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $128,260 or around 4,167 shares. For a more modest $100 per month or $1,200 per year, you would need $25,640 or around 833 shares.

To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($1.44 in this case). So, $6,000 / $1.44 = 4,167 ($500 per month), and $1,200 / $1.44 = 833 shares ($100 per month).

Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.

How that works: Compute the dividend yield by dividing the annual dividend payment by the stock’s current price.

For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40).

Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield.

CNXC Price Action: Shares of Concentrix fell 6.4% to close at $30.78 on Wednesday.

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Delivers revenue and profit within guidanceMaintains consistent full year outlook Strong momentum in iX Suite enterprise wins
NEWARK, Calif., March 24, 2026 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ: CNXC), a global technology and services leader, today announced financial results for the fiscal first quarter ended February 28, 2026.

 Three Months Ended   February 28, 2026 February 28, 2025 ChangeRevenue($M)$2,500.4  $2,372.2  5.4%Operating income($M)$118.6  $168.9  (29.8)%Non-GAAP operating income($M)(1)$295.0  $321.5  (8.2)%Operating margin 4.7%  7.1% -240 bpsNon-GAAP operating margin(1) 11.8%  13.6% -180 bpsNet income($M)$21.6  $70.3  (69.3)%Non-GAAP net income($M)(1)$168.2  $188.1  (10.6)%Adjusted EBITDA($M)(1)$348.2  $374.2  (6.9)%Adjusted EBITDA margin(1) 13.9%  15.8% -190 bpsDiluted earnings per common share$0.33  $1.04  (68.3)%Non-GAAP diluted earnings per common share(1)$2.61  $2.79  (6.5)% (1) See non-GAAP reconciliations included in the accompanying financial tables for the reconciliation of each non-GAAP measure to its most directly comparable GAAP measure.

First Quarter Fiscal 2026 Highlights:

Revenue of $2,500.4 million, an increase of 5.4% year-on-year on an as reported basis compared to revenue of $2,372.2 million in the prior year first quarter. The Company grew revenue 1.9% year-on-year on a constant currency basis.Operating income of $118.6 million, or 4.7% of revenue, compared to $168.9 million, or 7.1% of revenue, in the prior year first quarter.Non-GAAP operating income of $295.0 million, or 11.8% of revenue, compared with $321.5 million, or 13.6% of revenue in the prior year first quarter.Adjusted EBITDA of $348.2 million, or 13.9% of revenue, compared with $374.2 million, or 15.8% of revenue in the prior year first quarter.Cash flow used in operations was $83.2 million in the quarter. Adjusted free cash flow(1) was a use of $144.6 million in the quarter.Diluted earnings per common share (“EPS”) was $0.33 compared to $1.04 in the prior year first quarter.Non-GAAP diluted EPS was $2.61 compared to $2.79 in the prior year first quarter.
“We continue to help clients capture measurable value from AI by being a trusted partner for these solutions,” said Chris Caldwell, President and CEO of Concentrix. “Our focus continues to be on winning the right long-term programs, combining integrated technology solutions and services.”

Quarterly Dividend and Share Repurchase Program:

The Company paid a $0.36 per share quarterly dividend on February 10, 2026. The Company’s Board of Directors has declared a quarterly dividend of $0.36 per share payable on May 5, 2026, to shareholders of record at the close of business on April 24, 2026.The Company repurchased approximately 1 million shares in the first quarter of fiscal year 2026 at a cost of $42.0 million under its share repurchase program at an average cost of $40.06 per share. At February 28, 2026, the Company’s remaining share repurchase authorization was $396.6 million. Business Outlook:
The following statements are based on the Company’s current expectations for the second quarter and the full year fiscal 2026. Non-GAAP financial measures exclude the impact of acquisition-related, integration and restructuring expenses, amortization of intangible assets, depreciation, loss on held for sale, share-based compensation and the related tax effects thereon. The non-GAAP EPS guidance assumes no impact from changes in acquisition contingent consideration and foreign currency losses (gains), net included in other expense (income), net. These statements are forward-looking and actual results may differ materially.

Second Quarter Fiscal 2026 Expectations:

Second quarter reported revenue of $2.460 billion to $2.485 billion. Based on current exchange rates, these expectations assume an approximate 75-basis point positive impact of foreign exchange rates compared with the prior year period. The guidance implies constant currency revenue growth for the quarter ranging from 1.0% to 2.0%.Operating income of $128 million to $138 million and non-GAAP operating income of $290 million to $300 million.Non-GAAP diluted EPS of $2.57 to $2.69, assuming approximately 60.9 million diluted common shares outstanding and approximately 4.9% of net income attributable to participating securities.The effective tax rate is expected to be approximately 25%. Full Year 2026 Expectations:

Full year reported revenue of $10.035 billion to $10.180 billion. Based on current exchange rates, these expectations assume an approximate 60-basis point positive impact of foreign exchange rates compared with the prior year. The guidance implies constant currency revenue growth for the full year of 1.5% to 3.0%.Operating income of $636 million to $686 million and non-GAAP operating income of $1,240 million to $1,290 million.Non-GAAP diluted EPS of $11.48 to $12.07, assuming approximately 60.6 million diluted common shares outstanding and approximately 4.9% of net income attributable to participating securities.The effective tax rate is expected to be approximately 25%. In addition, the Company expects to generate approximately $630.0 million to $650.0 million of adjusted free cash flow in fiscal year 2026.

The Company believes that a quantitative reconciliation of the non-GAAP EPS outlook to the most directly comparable GAAP measure cannot be provided without unreasonable efforts due to (a) the inability to forecast future changes in acquisition contingent consideration, which is based, in part, on the future trading price of the Company’s common stock, and (b) the inability to forecast future foreign currency losses (gains), net included in other expense (income), net. For the same reason, the Company is unable to address the probable significance of the unavailable information, which may have a material impact on the Company’s GAAP results.

The Company believes that a quantitative reconciliation of the adjusted free cash flow outlook to the most directly comparable GAAP measure cannot be provided without unreasonable efforts due to uncertainty related to the future changes in the Company’s factoring program and related timing of those changes. For the same reason, the Company is unable to address the probable significance of the unavailable information, which may have a material impact on the Company’s GAAP results.

Conference Call and Webcast
The Company will host a conference call for investors to review its first quarter fiscal 2026 results today at 8:30 a.m. (ET)/5:30 a.m. (PT).

The live conference call webcast will be available in listen-only mode in the Investor Relations section of the Company’s website under “Events and Presentations” at https://ir.concentrix.com/events-and-presentations. A replay will also be available on the website following the conference call.

About us: Experience the power of Concentrix
Concentrix Corporation (NASDAQ: CNXC), a Fortune 500® company, is the global technology and services leader that powers the world’s best brands, today and into the future. We’re human-centered, tech-powered, intelligence-fueled. Every day, we design, build, and run fully integrated, end-to-end solutions at speed and scale across the entire enterprise, helping over 2,000 clients solve their toughest business challenges. Whether it’s designing game-changing brand experiences, building and scaling secure AI technologies, or running digital operations that deliver global consistency with a local touch, we have it covered. At the heart of everything we do lies a commitment to transforming the way companies connect, interact, and grow. We’re here to redefine what success means, delivering outcomes unimagined across every major vertical in 70+ markets. Virtually everywhere. Visit concentrix.com to learn more.

Use of Non-GAAP Information
In addition to disclosing financial results that are determined in accordance with GAAP, we also disclose certain non-GAAP financial information, including:

Constant currency revenue growth, which is revenue growth adjusted for the translation effect of foreign currencies so that certain financial results can be viewed without the impact of fluctuations in foreign currency exchange rates, thereby facilitating period-to-period comparisons of our business performance. Constant currency revenue growth is calculated by translating the revenue of each fiscal year in the billing currency to U.S. dollars using the comparable prior year’s currency conversion rate in comparison to prior year’s revenue. Generally, when the U.S. dollar either strengthens or weakens against other currencies, revenue growth at constant currency rates or adjusting for currency will be higher or lower than revenue growth reported at actual exchange rates.Non-GAAP operating income, which is operating income, adjusted to exclude acquisition-related, integration and restructuring expenses, step-up depreciation, amortization of intangible assets, loss on held for sale and share-based compensation.Non-GAAP operating margin, which is non-GAAP operating income, as defined above, divided by revenue.Adjusted earnings before interest, taxes, depreciation, and amortization, or adjusted EBITDA, which is non-GAAP operating income, as defined above, plus depreciation (exclusive of step-up depreciation).Adjusted EBITDA margin, which is adjusted EBITDA, as defined above, divided by revenue.Non-GAAP net income, which is net income excluding the tax-effected impact of acquisition-related, integration and restructuring expenses, step-up depreciation, amortization of intangible assets, loss on held for sale, share-based compensation, certain debt costs, imputed interest related to the sellers’ note, change in acquisition contingent consideration and foreign currency losses (gains), net. Non-GAAP net income also excludes the income tax effect of certain tax law changes.Free cash flow, which is cash flows from operating activities less capital expenditures, and adjusted free cash flow, which is free cash flow excluding the effect of changes in the outstanding factoring balance. We believe that free cash flow is a meaningful measure of cash flows since capital expenditures are a necessary component of ongoing operations. We believe that adjusted free cash flow is a meaningful measure of cash flows because it removes the effect of factoring which changes the timing of the receipt of cash for certain receivables. However, free cash flow and adjusted free cash flow have limitations because they do not represent the residual cash flow available for discretionary expenditures. For example, free cash flow and adjusted free cash flow do not incorporate payments for business acquisitions.Non-GAAP diluted EPS, which is diluted EPS excluding the per share, tax-effected impact of acquisition-related, integration and restructuring expenses, step-up depreciation, amortization of intangible assets, loss on held for sale, share-based compensation, certain debt costs, imputed interest related to the sellers’ note, change in acquisition contingent consideration and foreign currency losses (gains), net. Non-GAAP EPS also excludes the per share income tax effect of certain tax law changes. Non-GAAP EPS also reflects a per share adjustment to exclude non-GAAP net income attributable to participating securities. We believe that providing this additional information is useful to the reader to better assess and understand our base operating performance, especially when comparing results with previous periods and for planning and forecasting in future periods, primarily because management typically monitors the business adjusted for these items in addition to GAAP results. Management also uses these non-GAAP measures to establish operational goals and, in some cases, for measuring performance for compensation purposes. These non-GAAP financial measures exclude amortization of intangible assets. Although intangible assets contribute to our revenue generation, the amortization of intangible assets does not directly relate to the services performed for our clients. Additionally, intangible asset amortization expense typically fluctuates based on the size and timing of our acquisition activity. Accordingly, we believe excluding the amortization of intangible assets, along with the other non-GAAP adjustments, which neither relate to the ordinary course of our business nor reflect our underlying business performance, enhances our and our investors’ ability to compare our past financial performance with its current performance and to analyze underlying business performance and trends. These non-GAAP financial measures also exclude share-based compensation expense. Given the subjective assumptions and the variety of award types that companies can use when calculating share-based compensation expense, management believes this additional information allows investors to make additional comparisons between our operating results and those of our peers. As these non-GAAP financial measures are not calculated in accordance with GAAP, they may not necessarily be comparable to similarly titled measures employed by other companies. These non-GAAP financial measures should not be considered in isolation or as a substitute for the comparable GAAP measures and should be used as a complement to, and in conjunction with, data presented in accordance with GAAP.

Safe Harbor Statement
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements regarding the Company’s expected future financial condition, growth and profitability, results of operations, including revenue and operating income, cash flows, and effective tax rate, capital expenditures and anticipated investment costs, the Company’s stock price and market capitalization, the future growth and success of, and demand for, the Company’s services and products, the potential benefits associated with use of the Company’s generative artificial intelligence and other products, share repurchase and dividend activity, capital allocation, debt repayment and obligations, business strategy, product launches, foreign currency exchange rate fluctuations, and statements that include words such as believe, expect, intend, plan, may, will, anticipate, provide, could, should, target, estimate, outlook, and other similar expressions. These forward-looking statements are inherently uncertain and involve substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Risks and uncertainties include, among other things: risks related to general economic and geopolitical conditions and their effects on our clients’ businesses and demand for our services, including consumer demand, interest rates, inflation, the price of oil and other petroleum-based products, international tariffs and global trade policies, supply chains, the conflicts in the Middle East and Ukraine; cyberattacks on the Company’s or its clients’ networks and information technology systems; uncertainty around, and disruption from, new and emerging technologies, including the adoption and utilization of artificial intelligence (“AI”), including agentic and generative AI; the failure of the Company’s staff and contractors to adhere to the Company’s and its clients’ controls and processes; the inability to protect personal and proprietary information; the effects of communicable diseases or other public health crises, natural disasters and adverse weather conditions; geopolitical, economic and climate- or weather-related risks in regions with a significant concentration of the Company’s operations; the ability to successfully execute on the Company’s strategy; the timing and success of product launches; competitive conditions in the Company’s industry and consolidation of its competitors; variability in demand by the Company’s clients or the early termination of the Company’s client contracts; the level of business activity of the Company’s clients and the market acceptance and performance of their products and services; the demand for end-to-end solutions and technology; damage to the Company’s reputation through the actions or inactions of third parties; changes in law, regulations, or regulatory guidance, or changes in their interpretation or enforcement, including changes in law and policy that restrict travel or visas between countries in which we have operations; the operability of the Company’s communication services and information technology systems and networks; the loss of key personnel or the inability to attract and retain staff across all geographies with the skills and expertise needed for the Company’s business; increases in the cost of labor, including minimum wage rates in the countries in which the Company operates; the inability to successfully identify, complete, and integrate strategic acquisitions or investments or realize anticipated benefits within the expected timeframe; higher than expected tax liabilities; currency exchange rate fluctuations; investigative or legal actions; and other factors contained in the Company’s Annual Report on Form 10-K for the fiscal year ended November 30, 2025 filed with the Securities and Exchange Commission (“SEC”) and subsequent documents filed with or furnished to the SEC. The Company does not undertake a duty to update forward-looking statements, which speak only as of the date on which they are made.

Copyright 2026 Concentrix Corporation. All rights reserved. Concentrix, the Concentrix logo, and all other Concentrix company, product, and services word and design marks and slogans are trademarks or registered trademarks of Concentrix Corporation and its subsidiaries. Other names and marks are the property of their respective owners.

From Fortune ©2025 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune 500 are registered trademarks of Fortune Media IP Limited and are used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse the products or services of Concentrix.

Investor Contact:
Elise Brasell
Concentrix Corporation
[email protected] 

CONCENTRIX CORPORATION
CONSOLIDATED BALANCE SHEETS
(currency and share amounts in thousands, except par value)  February 28, 2026 November 30, 2025 (unaudited)  ASSETS   Current assets:   Cash and cash equivalents$222,699  $327,347 Accounts receivable, net 2,038,296   1,999,021 Assets held for sale 207,502   — Other current assets 572,718   758,135 Total current assets 3,041,215   3,084,503 Property and equipment, net 726,063   735,550 Goodwill 3,696,052   3,671,746 Intangible assets, net 1,867,038   1,960,338 Deferred tax assets 314,044   317,453 Other assets 1,030,210   991,496 Total assets$10,674,622  $10,761,086     LIABILITIES AND STOCKHOLDERS’ EQUITY   Current liabilities:   Accounts payable$202,424  $244,771 Current portion of long-term debt 750,000   65,625 Accrued compensation and benefits 622,039   764,962 Other accrued liabilities 736,782   997,198 Income taxes payable 89,147   123,794 Liabilities held for sale 174,941   — Total current liabilities 2,575,333   2,196,350 Long-term debt, net 3,995,253   4,572,889 Other long-term liabilities 1,014,676   950,983 Deferred tax liabilities 300,946   296,519 Total liabilities 7,886,208   8,016,741 Stockholders’ equity:   Preferred stock, $0.0001 par value, 10,000 shares authorized and no shares issued and outstanding as of February 28, 2026 and November 30, 2025, respectively —   — Common stock, $0.0001 par value, 250,000 shares authorized; 70,546 and 70,316 shares issued as of February 28, 2026 and November 30, 2025, respectively, and 60,822 and 61,739 shares outstanding as of February 28, 2026 and November 30, 2025, respectively 7   7 Additional paid-in capital 3,814,078   3,783,972 Treasury stock, 9,724 and 8,577 shares as of February 28, 2026 and November 30, 2025, respectively (656,047)  (610,162)Retained deficit (178,645)  (177,010)Accumulated other comprehensive loss (190,979)  (252,462)Total stockholders’ equity 2,788,414   2,744,345 Total liabilities and stockholders’ equity$10,674,622  $10,761,086      CONCENTRIX CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(currency and share amounts in thousands, except per share amounts)
(unaudited)
  Three Months Ended   February 28,
2026 February 28,
2025 % ChangeRevenue     Technology and consumer electronics$635,089 $657,692  (3)%Retail, travel and e-commerce 649,363  583,898  11%Communications and media 394,016  371,000  6%Banking, financial services and insurance 421,605  365,193  15%Healthcare 178,830  189,805  (6)%Other 221,488  204,634  8%Total revenue$2,500,391 $2,372,222  5%Cost of revenue 1,650,734  1,516,323  9%Gross profit 849,657  855,899  (1)%Selling, general and administrative expenses 731,098  687,032  6%Operating income 118,559  168,867  (30)%Interest expense and finance charges, net 75,317  72,994  3%Other expense (income), net 14,511  (4,919) (395)%Income before income taxes 28,731  100,792  (71)%Provision for income taxes 7,142  30,535  (77)%Net income$21,589 $70,257  (69)%      Earnings per common share:     Basic$0.33 $1.04   Diluted$0.33 $1.04   Weighted-average common shares outstanding:     Basic 61,279  64,037   Diluted 61,300  64,065    CONCENTRIX CORPORATION
RECONCILIATION OF GAAP TO NON-GAAP MEASURES
(currency and share amounts in thousands, except per share amounts)
(unaudited)
  Three Months Ended February 28, 2026Revenue$2,500,391 Revenue growth, as reported under U.S. GAAP 5.4%Foreign exchange impact(3.5)%Constant currency revenue growth 1.9%  Three Months Ended
 February 28, 2026
 February 28, 2025
Operating income$118,559  $168,867 Acquisition-related, integration and restructuring expenses(1) 34,869   18,024 Step-up depreciation 2,755   2,376 Amortization of intangibles 103,456   105,619 Loss on held for sale 5,929   — Share-based compensation 29,455   26,600 Non-GAAP operating income$295,023  $321,486   Three Months Ended February 28, 2026
 February 28, 2025Net income$21,589  $70,257 Interest expense and finance charges, net 75,317   72,994 Provision for income taxes 7,142   30,535 Other expense (income), net 14,511   (4,919)Acquisition-related, integration and restructuring expenses(1) 34,869   18,024 Step-up depreciation 2,755   2,376 Amortization of intangibles 103,456   105,619 Loss on held for sale 5,929   — Share-based compensation 29,455   26,600 Depreciation (exclusive of step-up depreciation) 53,158   52,721 Adjusted EBITDA$348,181  $374,207   Three Months Ended February 28, 2026 February 28, 2025Operating margin4.7% 7.1%Non-GAAP operating margin11.8% 13.6%Adjusted EBITDA margin13.9% 15.8%  Three Months Ended February 28, 2026 February 28, 2025Net income$21,589  $70,257 Acquisition-related, integration and restructuring expenses(1) 34,869   18,024 Step-up depreciation 2,755   2,376 Debt costs(2) 6,268   — Imputed interest related to sellers’ note included in interest expense and finance charges, net —   4,186 Change in acquisition contingent consideration included in other expense (income), net (416)  (2,024)Foreign currency losses (gains), net(3) 12,306   (4,179)Amortization of intangibles 103,456   105,619 Loss on held for sale 5,929   — Share-based compensation 29,455   26,600 Income taxes related to the above(4) (48,057)  (36,992)Income tax effect of change in tax law —   4,269 Non-GAAP net income$168,154  $188,136   Three Months Ended February 28, 2026 February 28, 2025Net income$21,589  $70,257 Less: net income allocated to participating securities(5) (1,185)  (3,416)Net income attributable to common stockholders$20,404  $66,841   Three Months Ended February 28, 2026 February 28, 2025Non-GAAP net income$168,154  $188,136 Less: Non-GAAP net income allocated to participating securities(6) (8,372)  (9,148)Non-GAAP income attributable to common stockholders$159,782  $178,988   Three Months Ended February 28, 2026 February 28, 2025Diluted earnings per common share (“EPS”)(5)$0.33  $1.04 Acquisition-related, integration and restructuring expenses 0.57   0.28 Step-up depreciation 0.04   0.04 Debt costs(2) 0.10   — Imputed interest related to sellers’ note included in interest expense and finance charges, net —   0.07 Change in acquisition contingent consideration included in other expense (income), net (0.01)  (0.03)Foreign currency losses (gains), net 0.20   (0.07)Amortization of intangibles 1.69   1.65 Loss on held for sale 0.10   — Share-based compensation 0.48   0.42 Income taxes related to the above(4) (0.78)  (0.58)Income tax effect of change in tax law —   0.07 Adjustment for participating securities(6) (0.11)  (0.10)Non-GAAP Diluted EPS(6)$2.61  $2.79     Weighted-average number of common shares - diluted 61,300   64,065   Three Months Ended February 28, 2026 February 28, 2025Net cash provided by (used in) operating activities$(83,220) $1,408 Purchases of property and equipment (53,902)  (50,618)Free cash flow (137,122)  (49,210)Change in outstanding factoring balances (7,491)  9,394 Adjusted free cash flow$(144,613) $(39,816)  Forecast Three Months Ending
May 31, 2026 Fiscal Year Ending
November 30, 2026 Low High Low HighRevenue$2,460,000  $2,485,000  $10,035,000  $10,180,000 Revenue growth, as reported under U.S. GAAP 1.75%  2.75%  2.1%  3.6%Foreign exchange impact(0.75)% (0.75)% (0.6)% (0.6)%Constant currency revenue growth 1.0%  2.0%  1.5%  3.0%  Forecast Three Months Ending
May 31, 2026 Fiscal Year Ending
November 30, 2026 Low High Low HighOperating income$128,200 $138,200 $635,871 $685,871Amortization of intangibles 103,000  103,000  394,000  394,000Share-based compensation 26,000  26,000  110,000  110,000Acquisition-related, integration and restructuring expenses 30,000  30,000  85,000  85,000Step-up depreciation 2,800  2,800  9,200  9,200Loss on held for sale —  —  5,929  5,929Non-GAAP operating income$290,000 $300,000 $1,240,000 $1,290,000 (1) For the three months ended February 28, 2026, acquisition-related, integration and restructuring expenses primarily included restructuring costs associated with the Company’s recent cost reduction initiatives, including severance and employee-related costs. Restructuring expenses also included costs associated with facilities consolidation, including lease terminations. For the three months ended February 28, 2025, acquisition-related, integration and restructuring costs primarily included integration costs associated with our combination with Webhelp and restructuring expenses. These costs primarily include severance and employee-related costs, costs associated with facilities consolidation, including lease terminations to integrate the businesses, and information technology system consolidation costs.

(2) For the three months ended February 28, 2026, debt costs included debt extinguishment costs associated with our early redemption of $600 million of our senior notes due in August 2026.

(3) Foreign currency losses (gains), net are included in other expense (income), net and primarily consist of gains and losses recognized on the revaluation and settlement of foreign currency transactions and realized and unrealized gains and losses on derivative contracts that do not qualify for hedge accounting.

(4) The tax effect of taxable and deductible non-GAAP adjustments was calculated using the tax-deductible portion of the expenses and applying the entity-specific, statutory tax rates applicable to each item during the respective periods presented.

(5) Diluted EPS is calculated using the two-class method, which is an earnings allocation proportional to the respective ownership among holders of common stock and participating securities. Restricted stock awards and certain restricted stock units granted to employees are considered participating securities. For the purposes of calculating diluted EPS for the three months ended February 28, 2026, dividends paid to common stockholders and participating securities exceeded net income. As a result, the allocation to participating securities in the three months ended February 28, 2026 represents dividends paid to participating securities as participating securities do not participate in undistributed losses. For the purposes of calculating diluted EPS for the three months ended February 28, 2025, net income attributable to participating securities was approximately 4.9% of net income.

(6) For the purposes of calculating non-GAAP net income attributable to common shareholders and non-GAAP diluted EPS, non-GAAP net income attributable to participating securities was approximately 5.0% and 4.9% of non-GAAP net income, respectively, for the three months ended February 28, 2026 and 2025, and was excluded from non-GAAP net income attributable to common shareholders to calculate non-GAAP diluted EPS.

Concentrix Corporation (CNXC) Q1 2026 Earnings Call Transcript

Concentrix trades at extremely low valuation multiples, but its deep value is tempered by significant debt concerns. Concentrix continues to post organic revenue growth, though guidance for FY'26 was modestly below consensus on both the top and bottom lines. GAAP profitability and cash flow are materially lower than non-GAAP figures. Debt service further constrains shareholder returns.

Concentrix reported quarterly adjusted earnings of $2.61 per share, which missed the Street estimate of $2.65. Quarterly revenue was $2.500 billion, up by 5.4% year-over-year (Y/Y), above the analyst consensus estimate of $2.492 billion.

Concentrix expects second-quarter revenue of $2.460 billion to $2.485 billion (versus $2.490 billion consensus estimate) and adjusted EPS of $2.57 to $2.69 (versus $2.76 consensus estimate).

The company reiterated fiscal 2026 revenue of $10.035 billion to $10.180 billion (versus a consensus estimate of $10.132 billion) and adjusted EPS of $11.48 to $12.07 (versus a consensus estimate of $11.87).

Concentrix shares fell 6.9% to close at $24.67 on Wednesday.

These analysts made changes to their price targets on Concentrix following earnings announcement.

Baird analyst David Koning maintained Concentrix with an Outperform rating and lowered the price target from $52 to $40. Canaccord Genuity analyst Luke Morison maintained the stock with a Buy and cut the price target from $80 to $55. Barrington Research analyst Vincent Colicchio maintained Concentrix with an Outperform rating and lowered the price target from $62 to $38. Considering buying CNXC stock? Here’s what analysts think:

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Concentrix (NASDAQ: CNXC - Get Free Report) and BrightView (NYSE: BV - Get Free Report) are both small-cap business services companies, but which is the superior stock? We will compare the two companies based on the strength of their dividends, analyst recommendations, risk, profitability, institutional ownership, valuation and earnings. Insider and Institutional Ownership 90.3% of Concentrix shares

We investors are often on the lookout for promising stocks, and we can get ideas from stock recommendations we run across online and also by poking around. For example, you might spend some time at a mall, seeing which retailers seem to be doing a brisk business. You might also look into records of insider purchases and sales, to see which companies have insiders buying shares.

Here are a handful of dividend-paying stocks that some insiders have been buying recently.

Image source: Getty Images.

With a recent market value topping $1.7 trillion, Taiwan Semiconductor Manufacturing (TSM +0.73%) is a giant among semiconductor companies. While most such companies only design chips, Taiwan Semiconductor actually manufactures them. It's a dividend payer, too, with a recent dividend yield of 1.04%. That may seem paltry, but the payout is growing fast, having more than doubled over the past five years.

Today's Change

(

0.73

%) $

3.06

Current Price

$

424.13

Over the past three months, there have been five insider trades (as of April 3), and all have been buys. None have been major, though, with each purchase between 1,000 and 3,000 shares.

Should you consider this stock for your portfolio? Yes, indeed. The company's shares seem reasonably priced at recent levels, and they have grown in value at an average annual rate of around 30% over the past decade and 25% over the past 15 years. The company has a monopoly on making chips used for artificial intelligence (AI) processing, among other things, and demand for that is soaring.

2. Concentrix Shares of customer-service specialist Concentrix (CNXC 0.11%) are also seeing insider activity, with 19 buys and 22 sales over the past three months. That may not seem promising, but note that 242,247 shares were bought, compared to 34,788 shares sold. Also, while it's hard to see insider buys as anything but promising, insiders can sell for many reasons other than a lack of faith in the company. They may just want to generate some cash, for instance -- to put a kid through college or buy a yacht.

Today's Change

(

-0.11

%) $

-0.03

Current Price

$

26.24

Among other things, the company operates call centers for lots of other companies -- and some are worrying about the effect of AI on its business. To counter that, Concentrix is moving many call centers abroad, to reduce its costs, and it's been investing in AI itself, as well.

Shares look undervalued at recent levels, with a forward-looking price-to-earnings (P/E) ratio of 2.3 well below the five-year average of 6.1. (Both of those are low numbers, by the way.) In its recently reported first quarter, Concentrix posted revenue up 5.4% year over year, though earnings were down. The company bought back roughly a million shares, too, and continued its dividend payments, which recently yielded 5.3%.

If you buy into Concentrix (after further research, of course), you should probably do so mainly for the hefty dividend income -- and not for breakneck growth. (Note, too, that there are lots of other promising dividend payers out there.)

3. Simon Property Group Simon Property Group (SPG +2.03%) is a real estate investment trust (REIT), and one of the largest operators of malls in America, at that. Over the past three months, it has had 14 insider buys and 14 sales, with about 8,000 shares bought vs. about 21,000 sold. That's not a promising ratio, but insiders will often sell simply to generate funds, and there's ample buying going on, along with the selling.

Today's Change

(

2.03

%) $

4.37

Current Price

$

219.23

The stock recently sported a dividend yield of 4.6%, and its payout has been growing at an average annual rate of about 11% over the past five years.

It's worth noting that the company recently lost its CEO of 30-plus years (to cancer) and his son has now taken the reins. The family owns a meaningful stake in the company -- topping 7% of shares -- so it's clearly incentivized to see the business grow.

Give this real estate stock some consideration -- not only for its dividend income, but also its growth prospects. It boasts a strong balance sheet, with more than 250 properties that it leases to long-term customers, many of which are retailers. Retailers are indeed facing some challenges, such as from e-commerce, but Simon boasts high-quality malls, outlets, and spaces that are extra desirable.

Any or all of these stocks could serve you well for years, delivering income. Take a closer look at any that pique your interest.

Posted by Defense World Staff on Apr 26th, 2026

Cwm LLC trimmed its stake in Concentrix Corporation (NASDAQ:CNXC – Free Report) by 56.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,468 shares of the company’s stock after selling 49,042 shares during the period. Cwm LLC owned 0.06% of Concentrix worth $1,558,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Huntington National Bank raised its stake in shares of Concentrix by 6,011.1% in the 3rd quarter. Huntington National Bank now owns 550 shares of the company’s stock valued at $25,000 after acquiring an additional 541 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Concentrix by 532.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 620 shares of the company’s stock valued at $34,000 after acquiring an additional 522 shares in the last quarter. Quent Capital LLC bought a new position in shares of Concentrix in the 3rd quarter valued at approximately $29,000. Larson Financial Group LLC raised its stake in shares of Concentrix by 224.9% in the 3rd quarter. Larson Financial Group LLC now owns 692 shares of the company’s stock valued at $32,000 after acquiring an additional 479 shares in the last quarter. Finally, Rothschild Investment LLC raised its stake in shares of Concentrix by 14,980.0% in the 3rd quarter. Rothschild Investment LLC now owns 754 shares of the company’s stock valued at $35,000 after acquiring an additional 749 shares in the last quarter. 90.34% of the stock is owned by institutional investors.

Insider Buying and Selling In other Concentrix news, CFO Andre S. Valentine bought 2,500 shares of the stock in a transaction on Thursday, April 9th. The shares were purchased at an average price of $27.95 per share, with a total value of $69,875.00. Following the acquisition, the chief financial officer directly owned 89,066 shares of the company’s stock, valued at $2,489,394.70. This represents a 2.89% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Christopher A. Caldwell bought 1,000 shares of the stock in a transaction on Thursday, January 29th. The stock was acquired at an average cost of $37.07 per share, for a total transaction of $37,070.00. Following the acquisition, the chief executive officer directly owned 362,075 shares in the company, valued at approximately $13,422,120.25. The trade was a 0.28% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades A number of brokerages recently weighed in on CNXC. Robert W. Baird cut their price objective on Concentrix from $52.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 25th. Canaccord Genuity Group cut their price objective on Concentrix from $80.00 to $55.00 and set a “buy” rating on the stock in a research note on Wednesday, March 25th. Wall Street Zen downgraded Concentrix from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Barrington Research cut their price objective on Concentrix from $62.00 to $38.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 25th. Finally, Weiss Ratings downgraded Concentrix from a “hold (c-)” rating to a “sell (d)” rating in a research note on Thursday, January 29th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $48.50.

Read Our Latest Research Report on Concentrix

Concentrix Stock Performance CNXC opened at $26.17 on Friday. The firm has a market capitalization of $1.60 billion, a P/E ratio of -1.21, a price-to-earnings-growth ratio of 0.34 and a beta of 0.50. The stock’s 50 day moving average price is $30.06 and its two-hundred day moving average price is $36.50. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.43. Concentrix Corporation has a 12-month low of $24.27 and a 12-month high of $62.14.

Concentrix (NASDAQ:CNXC – Get Free Report) last released its earnings results on Tuesday, March 24th. The company reported $2.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.65 by ($0.04). The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.49 billion. Concentrix had a negative net margin of 13.35% and a positive return on equity of 17.80%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business earned $2.79 EPS. On average, equities analysts forecast that Concentrix Corporation will post 10.42 earnings per share for the current year.

Concentrix Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Friday, April 24th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Friday, April 24th. This represents a $1.44 dividend on an annualized basis and a yield of 5.5%. Concentrix’s dividend payout ratio (DPR) is -6.68%.

About Concentrix (Free Report)

Concentrix Inc (NASDAQ: CNXC) is a global business services company specializing in customer engagement solutions and technology‐driven business process outsourcing. The firm’s offerings encompass customer care delivered across voice and digital channels, back‐office processing, analytics and consulting, and automated workflow management. By integrating proprietary platforms, strategic partnerships and advanced automation, Concentrix helps clients enhance customer experiences and streamline operations.

Its capabilities extend to digital marketing and technology implementation, leveraging artificial intelligence, machine learning and data analytics to optimize customer journeys.

Further Reading Five stocks we like better than Concentrix

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NEWARK, Calif., May 27, 2026 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ: CNXC), a global technology and services leader, today announced that it has expanded its partnership with enterprise software provider NiCE (NASDAQ: NICE), and reached Platinum status in NiCE’s 360 Partner Program, reflecting the depth of experience the teams have built together delivering agentic AI in complex and regulated environments.

Together, the companies help enterprises use agentic AI to support customers using voice and chat systems that tap into core data to resolve issues faster. The expanded partnership supports a shared focus on execution, reliability, and long-term enterprise value.

As enterprises roll out agentic AI, many struggle to use it at scale once it meets real systems and complexity. AI Agents may reason correctly, but automated interactions may break when they need to pull the right data, trigger actions, or keep a task moving across systems.

Concentrix and NiCE solve the real problem with AI: making it actually work in the business. NiCE Cognigy delivers enterprise-grade agentic AI designed for real-world deployment, while Concentrix enhances time-to-value through integration, orchestration, and operational expertise across large-scale enterprise ecosystems. Together, they power customer experiences that finish the job end to end, without handoffs, dead ends, or repeat conversations.

“Enterprises are past the point of testing agentic AI in isolation,” said Craig Gibson, Chief Growth Officer at Concentrix. “What matters now is that data and systems can be integrated into existing platforms, connected to enterprise data, and operated at scale. Our work with NiCE is focused on accelerating how enterprises operationalize agentic AI in real production environments, extending its impact across systems, data, and workflows to deliver measurable impact.”

“Deploying agentic AI at scale requires more than a strong platform,” said Dan Belanger, President, NiCE Americas. “Concentrix brings deep integration expertise and operational scale that help enterprises speed up and amplify the value of our agentic AI platform across enterprise systems. That ability to run and sustain AI in real environments is what makes this partnership successful.”

Concentrix gets AI ready for new realities. From data prep to operational optimization, the company helps organizations maximize the performance and impact of NiCE Cognigy in complex environments. Guided by its Agentic Operating Framework and hands-on deployment experience across regions and industries, Concentrix helps AI get smarter over time and deliver measurable results as part of how people and AI work together.

To learn more about how Concentrix helps enterprises put agentic AI to work, visit: https://www.concentrix.com/services-solutions/agentic-ai/

About Concentrix: Powering a World That Works
Concentrix (NASDAQ: CNXC), is the Fortune 500® technology and services company, helping the world's best brands create intelligent operations that perform in the real world. We design, build, and run integrated human and AI solutions, harnessing the insight from billions of real-world interactions to help 2000+ of the world’s most complex organizations solve their toughest business challenges. Backed by 20+ years of operational experience and battle tested AI, we’re the intelligent transformation partner that helps clients across every major industry move from ambition to measurable, scalable performance. Virtually everywhere. To learn more, visit concentrix.com.

About NiCE
NiCE (NASDAQ: NICE) is transforming the world with AI that puts people first. Our purpose-built AI-powered platforms automate engagements into proactive, safe, intelligent actions, empowering individuals and organizations to innovate and act, from interaction to resolution. Trusted by organizations throughout 150+ countries worldwide, NiCE’s platforms are widely adopted across industries connecting people, systems, and workflows to work smarter at scale, elevating performance across the organization, delivering proven measurable outcomes.

Trademark Note: NiCE and the NiCE logo are trademarks of NICE Ltd. All other marks are trademarks of their respective owners. For a full list of NICE's marks, please see: www.nice.com/nice-trademarks.

Media Contact:
Marketing & Communications
Concentrix Corporation
[email protected]

From Fortune. ©2025 Fortune Media (USA) Corporation. All rights reserved. Used under license. Fortune and Fortune 500 are registered trademarks of Fortune Media (USA) Corporation and are used under license. Fortune and Fortune Media (USA) Corporation are not affiliated with, and do not endorse products or services of, Concentrix.

Safe Harbor Statement
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements regarding the company’s capabilities and positioning to deliver business outcomes and solve challenges for its clients, the benefits of future agentic AI deployments, and statements that include words such as believe, expect, may, will, provide, could and should and other similar expressions. These forward-looking statements are inherently uncertain and involve substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Risks and uncertainties include, among other things, risks related to the company’s ability to successfully execute its strategy, competitive conditions in the company’s industry, and other factors contained in the Company’s Annual Report on Form 10-K for the fiscal year ended November 30, 2025 filed with the Securities and Exchange Commission and subsequent SEC filings. We do not undertake a duty to update forward-looking statements, which speak only as of the date on which they are made.

Copyright 2026 Concentrix Corporation and its subsidiaries. All rights reserved. Concentrix, the Concentrix logo, and all other Concentrix company, product and services names and slogans are trademarks or registered trademarks of Concentrix Corporation and its subsidiaries.

NEWARK, Calif., June 10, 2026 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ: CNXC), a global technology and services leader, today announced it will release the financial results of its fiscal second quarter 2026 after market close on Monday, June 29, 2026. The Company will also host a conference call and webcast with the investment community to discuss the financial results on Monday, June 29, 2026, at 5:00 p.m. Eastern Time.

The live and replay conference call webcast will be available in listen-only mode under Events and Presentations on the Investor Relations section of the Concentrix website, along with other investor resources such as an updated company presentation and new frequently asked questions document.

About Concentrix: Powering a World That Works
Concentrix (NASDAQ: CNXC), is the Fortune 500® technology and services company, helping the world's best brands create intelligent operations that perform in the real world. We design, build, and run integrated human and AI solutions, harnessing the insight from billions of real-world interactions to help 2000+ of the world’s most complex organizations solve their toughest business challenges. Backed by 20+ years of operational experience and battle tested AI, we’re the intelligent transformation partner that helps clients across every major industry move from ambition to measurable, scalable performance. Virtually everywhere. To learn more, visit concentrix.com.

Investor Contact:
Investor Relations
Concentrix Corporation
[email protected]

From Fortune. ©2026 Fortune Media (USA) Corporation. All rights reserved. Used under license. Fortune and Fortune 500 are registered trademarks of Fortune Media (USA) Corporation and are used under license. Fortune and Fortune Media (USA) Corporation are not affiliated with, and do not endorse products or services of, Concentrix.

Copyright 2026 Concentrix Corporation and its subsidiaries. All rights reserved. Concentrix, the Concentrix logo, and all other Concentrix company, product and services names and slogans are trademarks or registered trademarks of Concentrix Corporation and its subsidiaries.