Concentrix Reports Third Quarter 2026 Results

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    "url": "https://www.globenewswire.com/news-release/2026/09/29/3371327/0/en/concentrix-reports-third-quarter-2026-results.html",
    "title": "Concentrix Reports Third Quarter 2026 Results",
    "excerpt": "NEWARK, Calif., Sept. 29, 2026 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ: CNXC), a global technology and services leader, today announced financial results for the fiscal third quarter ended August 31, 2026. (1) Operating loss, operating margin, net loss and diluted loss per common share in the third quarter of 2026 include a non-cash goodwill impairment charge of $1,050.0 million primarily resulting from the trading range for the Company’s stock price and market capitalization. (2) See non-GAAP reconciliations included in the accompanying financial tables for the reconciliation of each non-GAAP measure to its most directly comparable GAAP measure. NM Not Meaningful - Change greater than 100% or 1,000 bps. Third Quarter Fiscal 2026 Highlights: “This quarter, we reached an inflection point where 50% of our revenue is coming from business we have won and deployed within the last 3 years since the introduction of AI,” said Chris Caldwell, President and CEO of Concentrix. “While we are aggressively disrupting our own traditional business, the underlying new business is stronger and healthier as evidenced by our margin expansion, strong free cash flow and growth of our new services.\" Quarterly Dividend and Share Repurchase Program: Business Outlook: The following statements are based on the Company’s current expectations for the fourth quarter and the full year fiscal...",
    "summary": "Concentrix reported Q3 2026 revenue of $2.45 billion, a 1.2% year-on-year decline and below Wall Street expectations.",
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    "published_at": "2026-09-29T20:05:00Z",
    "article_sentence": "Concentrix Corporation (NASDAQ: CNXC), a global technology and services leader, today announced financial results for the fiscal third quarter ended August 31, 2026.",
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