Concentrix CorporationCNXC
▼ NegativeCapitalrelevance
FY2026 EPS and revenue guidance missed consensus estimates, overshadowing Q2 results.
Impact on stocks 1
Artificial Intelligence
Concentrix CorporationConcentrix shares tumbled roughly 24% after the company issued a full-year earnings forecast that fell well short of Wall Street expectations. For fiscal 2026, the company guided for non-GAAP diluted earnings per share of $10.83 to $11.18, compared with the consensus estimate of $11.53, and revenue of $9.93 billion to $10.03 billion, below the $10.07 billion consensus. The outlook overshadowed second-quarter results that narrowly missed estimates, with revenue of $2.46 billion and non-GAAP diluted EPS of $2.63, a penny below the $2.64 consensus. The company also reaffirmed its adjusted free cash flow guidance of $630 million to $650 million and its target of more than $120 million in annualized savings from its Intelligent Operations and Experience initiatives.
Concentrix CorporationFY2026 EPS and revenue guidance missed consensus estimates, overshadowing Q2 results.