CNXC, US20602D1019

Concentrix stock falls 7.77 percent after Q3 revenue miss ?????????????.

Published on 10/04/2026 at 20:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Concentrix stock fell 7.77 percent to USD 24.91 on October 2 after Q3 revenue declined 1.2 percent. Adjusted EPS rose to USD 2.92, while guidance stayed cautious.

CNXC, US20602D1019, Illustration mit AI erstellt.

Concentrix Corporation stock (ISIN US20602D1019) fell 7.77 percent to USD 24.91 on Nasdaq on October 2, 2026, after the company reported fiscal third-quarter results. Concentrix reported the quarter ended August 31, 2026, with revenue pressure offset by stronger adjusted profitability and cash generation.

Revenue falls while adjusted earnings rise

Revenue declined 1.2 percent year over year to USD 2,453.7 million in fiscal Q3 2026, while constant-currency revenue fell 0.5 percent, according to Concentrix. The result missed the USD 2.48 billion consensus revenue estimate, but adjusted EPS reached USD 2.92 versus USD 2.71 expected, a USD 0.21 beat, as MarketBeat reported on October 2, 2026.

The contrast is material for investors. GAAP net loss was USD 988.1 million, driven in large part by a USD 1,050.0 million non-cash goodwill impairment, while non-GAAP operating margin improved to 12.6 percent from 12.3 percent in the prior-year quarter, according to Concentrix.

AI mix meets cautious guidance

Concentrix said 50 percent of quarterly revenue came from business won and deployed within the previous three years since the introduction of AI, according to Investing.com on September 29, 2026. That transition is supporting margins, but the fourth-quarter revenue outlook of USD 2.410 billion to USD 2.460 billion implies a constant-currency decline of 3.0 percent to 5.0 percent.

For fiscal 2026, management expects reported revenue of USD 9.827 billion to USD 9.877 billion and non-GAAP diluted EPS of USD 10.97 to USD 11.09. Adjusted free cash flow is projected at USD 630.0 million to USD 650.0 million, while third-quarter operating cash flow reached USD 268.2 million.

Analysts see value above the market price

MarketBeat reported that six analysts give Concentrix three Buy ratings, two Hold ratings and one Sell rating, producing a Hold consensus and an average price target of USD 33.50. The average target lies 34.5 percent above the October 2 price, while the highest published target was USD 45.00 and Canaccord Genuity maintained a Buy rating with that target on September 30, 2026.

Concentrix also declared a quarterly dividend of USD 0.37 per share, up from USD 0.36. The dividend is payable on November 3, 2026, to shareholders of record on October 23, 2026, according to Concentrix.

Concentrix stock stays near its yearly low

At USD 24.91 on Nasdaq on October 2, 2026, the stock stood 30.3 percent above its 52-week low of USD 19.12 and 49.6 percent below its 52-week high of USD 49.37. Market capitalization was USD 1.5 billion and trading volume was 1,971,255 shares on that session.