Concentrix (NASDAQ:CNXC) Announces FY 2026 Earnings Guidance

Key Points

• Concentrix projected FY 2026 EPS of $10.97–$11.09, above the $10.89 consensus estimate, while forecasting revenue of $9.8–$9.9 billion, below the $10.0 billion consensus.
• The company’s latest quarter slightly missed expectations, reporting $2.63 EPS and $2.46 billion in revenue; revenue still increased 1.9% year over year, but net margin was negative at 13.16%.
• Shares fell 2.2% to $24.88, and analysts maintained a consensus “Hold” rating with an average price target of $32.75 amid mixed recommendations and reduced price targets.

Concentrix (NASDAQ:CNXC - Get Free Report) issued an update on its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 10.970-11.090 for the period, compared to the consensus EPS estimate of 10.890. The company issued revenue guidance of $9.8 billion-$9.9 billion, compared to the consensus revenue estimate of $10.0 billion. Concentrix also updated its Q4 2026 guidance to 2.860-2.980 EPS.

Concentrix Trading Down 2.2%

CNXC traded down $0.57 on Tuesday, hitting $24.88. 2,750,696 shares of the company were exchanged, compared to its average volume of 1,626,106. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a fifty day simple moving average of $26.99 and a two-hundred day simple moving average of $26.59. The stock has a market capitalization of $1.52 billion, a PE ratio of -1.17, a price-to-earnings-growth ratio of 0.50 and a beta of 0.47. Concentrix has a 12 month low of $19.12 and a 12 month high of $49.37.

Concentrix (NASDAQ:CNXC - Get Free Report) last released its quarterly earnings data on Monday, June 29th. The company reported $2.63 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.64 by ($0.01). Concentrix had a negative net margin of 13.16% and a positive return on equity of 19.82%. The firm had revenue of $2.46 billion during the quarter, compared to analysts' expectations of $2.47 billion. During the same quarter in the previous year, the firm posted $2.70 EPS. Concentrix's revenue was up 1.9% compared to the same quarter last year. Sell-side analysts expect that Concentrix will post 9.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on CNXC. Zacks Research upgraded shares of Concentrix from a "strong sell" rating to a "hold" rating in a report on Monday, August 31st. Robert W. Baird reduced their price target on shares of Concentrix from $40.00 to $30.00 and set an "outperform" rating on the stock in a research report on Tuesday, June 30th. Weiss Ratings reissued a "sell (d)" rating on shares of Concentrix in a research note on Friday, July 24th. Bank of America lowered their price objective on shares of Concentrix from $32.00 to $26.00 and set a "neutral" rating for the company in a report on Tuesday, June 30th. Finally, Barrington Research dropped their price target on Concentrix from $38.00 to $30.00 and set an "outperform" rating on the stock in a research report on Tuesday, June 30th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Concentrix has a consensus rating of "Hold" and an average price target of $32.75.

Concentrix Company Profile

Concentrix Corporation is a global technology and services company that helps organizations manage customer experience, business operations and digital transformation. Its offerings include customer care, technical support, sales and marketing services, back-office support, analytics, artificial intelligence and automation solutions.

The company serves clients across industries such as technology and consumer electronics, retail, banking and financial services, healthcare, communications and media, travel, and automotive.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.