The earnings call highlighted strong revenue growth and strategic successes in AI integration and vertical markets such as banking and media. However, these positive aspects were offset by significant challenges in margin performance due to excess capacity, tariff impacts, and increased investments, leading to an adjusted free cash flow outlook. The sentiment is mixed, with optimism for future growth tempered by current operational challenges.

Company Guidance

During the Concentrix Third Quarter 2025 Earnings Call, the company provided detailed financial guidance and insights into its operational performance. Concentrix reported a revenue of approximately $2.48 billion, marking a 2.6% year-on-year increase on a constant currency basis and a 4% increase as reported. The company also discussed non-GAAP measures, with a non-GAAP operating income of $105 million and an adjusted EBITDA of $359 million, resulting in a margin of 14.5%. Non-GAAP diluted earnings per share were $2.78, slightly below the guidance range. The company emphasized its strong revenue momentum, driven by its integrated AI, CX, and IT solutions, with 40% of new wins incorporating its AI technology platforms. Concentrix also highlighted its strategic focus on higher-margin, complex solutions and its ongoing efforts to improve margins sequentially. Looking forward, the company projected Q4 revenue between $2.525 billion to $2.55 billion and full-year revenue for 2025 between $9.798 billion to $9.823 billion. Concentrix also updated its full-year adjusted free cash flow expectations to between $585 million to $610 million, an increase from the previous year.

Exceeding Revenue Guidance

Concentrix exceeded its revenue guidance once again, demonstrating solid year-on-year growth with a revenue increase of 4% year-on-year as reported and 2.6% on a constant currency basis.

Strong Performance in Banking, Financial Services, and Insurance

Revenue from banking, financial services, and insurance clients grew by 8% year-on-year, leading the growth in the quarter.

Media and Communications Growth

Media and communications clients grew by 7% year-on-year, primarily driven by clients outside of the US and global entertainment/media companies.

Retail, Travel, and E-commerce Growth

Revenue from retail, travel, and e-commerce clients grew by 3%, largely driven by strong performance in the travel sector.

AI Integration Success

40% of new wins this year include AI technology platforms, with increased success rates in AI projects when externally sourced, showing a strong market position in AI integration.

Dividend Increase

The Board authorized an increase to the quarterly dividend to $0.36 per share.

Concentrix (CNXC) Earnings, Revenues Date & History

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CNXC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 21, 2026	2025 (Q4)	3.03 / -	3.26	―	―	―
Sep 25, 2025	2025 (Q3)	2.88 / 2.78	2.87	-3.14% (-0.09)	―
Jun 26, 2025	2025 (Q2)	2.75 / 2.70	2.69	0.37% (+0.01)	―
Mar 26, 2025	2025 (Q1)	2.58 / 2.79	2.57	8.56% (+0.22)	―
Jan 15, 2025	2024 (Q4)	3.01 / 3.26	3.36	-2.98% (-0.10)	―
Sep 25, 2024	2024 (Q3)	2.90 / 2.87	2.71	5.90% (+0.16)	―
Jun 26, 2024	2024 (Q2)	2.63 / 2.69	2.69	0.00% (0.00)	―
Mar 26, 2024	2024 (Q1)	2.58 / 2.57	2.56	0.39% (<+0.01)	―
Jan 24, 2024	2023 (Q4)	3.07 / 3.36	3.01	11.63% (+0.35)	―
Sep 27, 2023	2023 (Q3)	2.85 / 2.71	2.95	-8.14% (-0.24)	―

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
Sep 25, 2025	$54.99	$47.66	-13.33%
Jun 26, 2025	$54.83	$51.43	-6.20%
Mar 26, 2025	$45.13	$64.26	+42.39%
Jan 15, 2025	$46.61	$47.90	+2.77%

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.