Concentrix (NASDAQ:CNXC) Issues Earnings Results

Concentrix (NASDAQ:CNXC) issued its earnings results on Tuesday. The company reported $2.61 earnings per share for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.03), FiscalAI reports. Concentrix had a positive return on equity of 16.91% and a negative net margin of 13.02%.The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the prior year, the business earned $2.79 EPS. Concentrix’s revenue for the quarter was up 5.4% compared to the same quarter last year.

Here are the key takeaways from Concentrix’s conference call:

• Our AI/iX suite momentum accelerated — wins with technology rose ~61% YoY, signed annual contract value for AI-inclusive solutions more than doubled in Q1, and management expects iX Hero ARR to reach or exceed $100M by year-end.
• Q1 revenue was approximately $2.5 billion (CC +1.9%), adjusted EBITDA was $348M (13.9% margin) and non-GAAP EPS was $2.61 in line with guidance; adjusted FCF was negative $145M due to seasonal AR timing but full-year FCF guidance remains $630M–$650M.
• Management is taking cost actions and restructuring to drive about $40M of annualized savings, expects sequential margin expansion in 2H26, and targets reducing net leverage to below 2.6x adjusted EBITDA by year-end.
• Performance was uneven by vertical — banking/BFSI grew ~13% and retail/travel ~6%, but technology/consumer electronics and healthcare each fell ~6% due to lighter volumes and onshore mix, posing short-term revenue risk in those areas.

Concentrix Stock Performance

NASDAQ CNXC opened at $26.48 on Wednesday. Concentrix has a 1 year low of $24.27 and a 1 year high of $66.00. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market capitalization of $1.63 billion, a PE ratio of -1.27, a P/E/G ratio of 0.35 and a beta of 0.50. The company’s 50 day simple moving average is $35.34 and its two-hundred day simple moving average is $40.33.

Concentrix Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 5th. Investors of record on Friday, April 24th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Friday, April 24th. Concentrix’s dividend payout ratio is -6.91%.

Concentrix News Summary

Here are the key news stories impacting Concentrix this week:

• Positive Sentiment: Revenue growth and strategic traction: Revenue rose 5.4% y/y to $2.50B and management highlighted strong enterprise wins and AI adoption (iX Suite momentum) that support the company’s long‑term positioning. GlobeNewswire Q1 Release
• Positive Sentiment: Capital returns: Board declared a $0.36 quarterly dividend (payable May 5) and repurchased ~1M shares in the quarter, signaling shareholder return priorities and use of buyback authorization. Dividend & Buyback Details
• Neutral Sentiment: Guidance maintained: Management reiterated full‑year revenue and non‑GAAP EPS ranges (FY revenue $10.035–10.18B; non‑GAAP EPS $11.48–12.07), which cushions downside but relies on non‑GAAP adjustments. Guidance Section
• Neutral Sentiment: Liquidity / financing update: The company amended its accounts receivable securitization facility (helps working capital flexibility) — note this against recent negative operating cash flow. TipRanks Facility Update
• Negative Sentiment: Big GAAP profit collapse and EPS miss: GAAP net income fell ~69% y/y to $21.6M and diluted EPS dropped to $0.33 (missed consensus by $0.03 on the company’s non‑GAAP EPS of $2.61 vs $2.64 expected). The sharp drop in GAAP results and large gap between GAAP and non‑GAAP numbers is spooking investors. Zacks Earnings Coverage
• Negative Sentiment: Margin and cash flow pressure: Operating margin slid ~240 bps (to 4.7% GAAP); adjusted free cash flow was negative (~$145M outflow) and interest/finance charges remain elevated — all raise near‑term profitability and leverage concerns. Financial Tables & Cash Flow
• Negative Sentiment: Market reaction amplified by optics: Headlines and call transcripts emphasize the steep y/y EPS decline and restructuring/debt-related charges (including debt extinguishment costs), prompting selling despite revenue growth and maintained guidance. Earnings Call Transcript

Wall Street Analysts Forecast Growth

Several research firms recently commented on CNXC. Wall Street Zen raised shares of Concentrix from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Barrington Research reissued an “outperform” rating and set a $62.00 target price on shares of Concentrix in a report on Tuesday, March 17th. Weiss Ratings downgraded Concentrix from a “hold (c-)” rating to a “sell (d)” rating in a research report on Thursday, January 29th. Finally, Robert W. Baird set a $52.00 price target on Concentrix in a report on Wednesday, January 14th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Concentrix presently has a consensus rating of “Hold” and an average price target of $63.75.

Insider Activity at Concentrix

In other news, CEO Christopher A. Caldwell purchased 1,000 shares of Concentrix stock in a transaction dated Thursday, January 29th. The stock was purchased at an average cost of $37.07 per share, for a total transaction of $37,070.00. Following the transaction, the chief executive officer directly owned 362,075 shares of the company’s stock, valued at approximately $13,422,120.25. This trade represents a 0.28% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Concentrix

Several large investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. increased its stake in Concentrix by 13.4% in the 2nd quarter. Osaic Holdings Inc. now owns 2,222 shares of the company’s stock worth $118,000 after acquiring an additional 263 shares during the last quarter. State of Wyoming boosted its position in shares of Concentrix by 6.2% during the 4th quarter. State of Wyoming now owns 5,029 shares of the company’s stock valued at $209,000 after acquiring an additional 293 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Concentrix by 4.7% during the fourth quarter. Deutsche Bank AG now owns 6,767 shares of the company’s stock worth $281,000 after purchasing an additional 303 shares in the last quarter. Brevan Howard Capital Management LP raised its stake in Concentrix by 4.5% in the second quarter. Brevan Howard Capital Management LP now owns 8,951 shares of the company’s stock valued at $473,000 after purchasing an additional 384 shares in the last quarter. Finally, California State Teachers Retirement System lifted its position in Concentrix by 1.1% during the second quarter. California State Teachers Retirement System now owns 36,387 shares of the company’s stock valued at $1,923,000 after purchasing an additional 384 shares during the last quarter. Institutional investors own 90.34% of the company’s stock.

Concentrix Company Profile

Concentrix Inc (NASDAQ: CNXC) is a global business services company specializing in customer engagement solutions and technology‐driven business process outsourcing. The firm’s offerings encompass customer care delivered across voice and digital channels, back‐office processing, analytics and consulting, and automated workflow management. By integrating proprietary platforms, strategic partnerships and advanced automation, Concentrix helps clients enhance customer experiences and streamline operations.

Its capabilities extend to digital marketing and technology implementation, leveraging artificial intelligence, machine learning and data analytics to optimize customer journeys.