Shares of Concentrix jumped 11.9% in afternoon trading, recovering from a steep decline in the previous session that followed disappointing second-quarter results and a sharply reduced financial forecast. The company reported adjusted earnings of $2.63 per share and revenue of $2.46 billion, both narrowly missing analyst expectations. Concentrix lowered its full-year 2026 adjusted earnings per share forecast to a range of $10.83 to $11.18, down from a prior range of $11.48 to $12.07, and its third-quarter guidance of $2.65 to $2.77 per share fell far short of Wall Street estimates. The prior day's 17.5% drop was driven by the weakened outlook, which included a 1.3% cut to full-year revenue guidance and a 6.5% reduction in the adjusted EPS midpoint to $11.00. The stock remains down 39.1% year-to-date and is trading 59.5% below its 52-week high of $62 from July 2025.
Concentrix CorporationDisappointing Q2 results and sharply reduced FY2026 EPS and revenue guidance triggered sell-off, though stock rebounded 11.9% in the session.