Overview
Concentrix Corporation (NASDAQ:CNXC) reported second‑quarter 2026 results that fell short of analyst expectations and issued guidance for the third quarter and full year that was materially below consensus estimates, prompting a 25.8% plunge in its share price.
Financial Results
Adjusted earnings per share for the quarter ended 31 May 2026 were $2.63, missing the consensus estimate of $2.64 by $0.01. Revenue for the quarter was $2.46 billion, slightly under the $2.47 billion forecast, representing a 1.9% year‑over‑year increase from $2.42 billion in the comparable period; on a constant‑currency basis revenue grew 0.6% YoY.
Guidance
For the third quarter Concentrix projected adjusted EPS in the range $2.65 to $2.77, with a midpoint of $2.71, compared with the Wall Street consensus of $3.09. Third‑quarter revenue was guided to $2.465 billion‑$2.49 billion, midpoint $2.478 billion, versus the $2.54 billion consensus.
For the full fiscal year 2026 the company guided adjusted EPS between $10.83 and $11.18, midpoint $11.01, trailing the analyst estimate of $11.71. Full‑year revenue guidance was $9.925 billion‑$10.025 billion, midpoint $9.975 billion, below the consensus of $10.12 billion.
Cash Flow and Dividend
Operating cash flow for the quarter amounted to $257.9 million, and adjusted free cash flow was $242.3 million. The board declared a quarterly dividend of $0.36 per share, payable on 4 August 2026.
Management Commentary
Chris Caldwell, President and Chief Executive Officer, said the quarter “marked an acceleration in many areas in the evolution of our business,” highlighting the company’s blended AI and services approach as a driver of client cost reductions and revenue growth.
Market Reaction
Following the release, Concentrix shares fell 25.8% in after‑hours trading.