Earnings ·
Concentrix reports Q3 GAAP net loss of $988.1M, driven by $1.05B goodwill impairment charge
CNXCConcentrix Corp
Concentrix reported a GAAP net loss of $988.1 million for the third quarter ended August 31, 2026, driven by a $1,050.0 million non-cash goodwill impairment charge. Revenue declined 1.2% to $2,453.7 million, while Non-GAAP net income rose 1.8% to $186.5 million and adjusted free cash flow reached $218.3 million. The Board declared a quarterly dividend of $0.37 per share, payable on November 3, 2026, to shareholders of record as of October 23, 2026. The company provided fourth-quarter revenue guidance of $2.41 billion to $2.46 billion and full-year adjusted free cash flow expectations of $630 million to $650 million. Concentrix operates in the technology and business process outsourcing industry.