Concentrix Corporation (CNXC)
NASDAQ:CNXC
Earnings Data
Report Date
Jul 01, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.64Last Year’s EPS
2.7Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a constructive picture: modest revenue growth, strong AI and solution momentum (61% YoY technology wins, bookings doubled QoQ, enterprise iX deals), and profitability in line with guidance. Management outlined clear actions to improve margins (cost savings ~ $40M, capacity absorption, and ramp of transformational deals) and reiterated robust full-year adjusted free cash flow guidance ($630M–$650M) and a plan to reduce net leverage. Key near-term negatives were two verticals down ~6% YoY, a seasonal negative free cash flow in Q1 (-$145M), one-time sale loss and restructuring charges, and a still-elevated net debt level. Overall, highlights substantially outweigh the lowlights given the strength in AI traction, guidance affirmation, and planned margin/leveraging actions.Company Guidance
Free Cash Flow and Full-Year FCF Guidance
Adjusted free cash flow was negative $145 million in 1Q (seasonal), but management reiterated full-year adjusted FCF guidance of $630M–$650M and noted that receivables causing the quarter's negative FCF were collected in early March.
Capital Return and Balance Sheet Actions
Returned ~$65 million to shareholders in the quarter (including $42M share repurchases at ~$40/sh and $23M dividend); issued $600M of 3-year senior notes (6.50%) to refinance near-term debt, leaving liquidity near $1.4B and an undrawn $1.1B revolver.
Cost Actions and Leverage Reduction Plan
Taking cost actions expected to yield ~ $40 million of annualized savings (on top of growth investments) and targeting net leverage below 2.6x adjusted EBITDA by the end of fiscal 2026.
Vertical Strengths
Banking & financial services revenue grew 13% YoY; retail, travel & e-commerce grew 6% YoY; media & communications grew 3% YoY — demonstrating broad-based pockets of strength and sustainable pipeline momentum in BFSI and e-commerce/travel.
Revenue Growth
Reported revenue of approximately $2.5 billion in 1QFY26, up ~5% on a reported basis and +1.9% on a constant currency basis; Q2 revenue guide of $2.46B–$2.485B implying ~1%–2% constant currency growth.
Strong Technology & AI Momentum
Wins with technology were up more than 61% year-over-year in the quarter; signed annual contract value for solutions (including AI) more than doubled quarter-over-quarter; closed ~60 enterprise iX suite deals in the quarter including the largest iX Hero contracts to date with 2 Fortune 50 companies.
SaaS/Subscription Progress (Hero & iX)
iX Hero ARR was $60M at end of Q4 and management targets being at or above $100M ARR by the end of the fiscal year; iX Hello priced on consumption while Hero is subscription-based, showing pathway to accretive margins as scale is reached.
Profitability In Line with Guidance
Non-GAAP operating income of $295 million (midpoint of prior guidance), adjusted EBITDA of $348 million (13.9% margin), and non-GAAP diluted EPS of $2.61 — all in line with guidance ranges.
CNXC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CNXC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 24, 2026 | $33.04 | $26.48 | -19.85% |
Jan 13, 2026 | $40.10 | $38.81 | -3.21% |
Sep 25, 2025 | $54.06 | $46.86 | -13.33% |
Jun 26, 2025 | $53.91 | $50.56 | -6.20% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Concentrix Corporation (CNXC) report earnings?
Concentrix Corporation (CNXC) is schdueled to report earning on Jul 01, 2026, After Close (Confirmed).
What is Concentrix Corporation (CNXC) earnings time?
Concentrix Corporation (CNXC) earnings time is at Jul 01, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CNXC EPS forecast?
CNXC EPS forecast for the fiscal quarter 2026 (Q2) is 2.64.
