Concentrix Corporation reported third quarter fiscal 2026 revenue of $2,453.7 million, down 1.2% from $2,483.3 million a year earlier, and swung to a net loss of $988.1 million, or $16.24 per diluted share, after recording a non-cash goodwill impairment charge of $1,050.0 million tied to the recent trading range for its stock price and market capitalization. On a non-GAAP basis, the company exceeded its profitability guidance, with operating income of $309.0 million, or 12.6% of revenue, up from $305.1 million, or 12.3%, and adjusted EBITDA of $363.0 million, or 14.8% of revenue, up from $359.2 million, or 14.5%. Non-GAAP diluted earnings per share rose 5.0% to $2.92 from $2.78. The quarter generated record-high third quarter free cash flow from operations of $268.2 million and adjusted free cash flow of $218.3 million. Concentrix paid a quarterly dividend of $0.36 per share on August 4, 2026, and its board declared an increased quarterly dividend of $0.37 per share payable November 3, 2026, to shareholders of record as of October 23, 2026; the company repurchased no shares in the quarter, leaving $396.6 million remaining under its repurchase authorization. For the fourth quarter, Concentrix guided to reported revenue of $2.410 billion to $2.460 billion, non-GAAP operating income of $310 million to $320 million, and non-GAAP diluted EPS of $2.86 to $2.98, implying a constant currency revenue decline of 5.0% to 3.0%. For the full year, it expects reported revenue of $9.827 billion to $9.877 billion, non-GAAP operating income of $1,206 million to $1,216 million, non-GAAP diluted EPS of $10.97 to $11.09, and adjusted free cash flow of approximately $630.0 million to $650.0 million.
Concentrix CorporationQ3 revenue fell 1.2% and it swung to a $988.1M net loss on a $1.05B goodwill impairment, though non-GAAP profit and EPS rose and the dividend was raised.
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