Concentrix lowered its full-year 2026 revenue growth guidance to just 0.25% to 1.25% in constant currency, implying sales of US$9.925 billion to US$10.025 billion, and the stock dropped 7.9%. The company reported second-quarter revenue of US$2,462.47 million with higher net income and earnings per share, declared a US$0.36 dividend, and completed a multi-year share repurchase program. It also shifted from the Russell 1000 and Midcap indices into several Russell 2000 benchmarks and highlighted strong growth in its iX Suite technology contracts and cash flow. The sharply lower guidance challenges earlier expectations that Webhelp synergies and AI adoption would quickly boost growth and margins, raising the bar for technology offerings to offset sluggish core outsourcing demand.
Concentrix CorporationLowered 2026 revenue growth guidance to 0.25%-1.25% due to sluggish core outsourcing demand.