Concentrix Corp (CNXC) ownership information states that Synnex Technology International Corporation beneficially owned 3,219,287 shares, or 5.27% of the common stock, as of September 30, 2026. Synnex reported sole voting and dispositive power over 3,219,287 shares, with no shared voting or dispositive power. The shares are held by Peer Developments Ltd., which Synnex identifies as its 100%-directly owned subsidiary.
Concentrix Corporation (CNXC) reported third-quarter revenue of $2.454 billion, down 1.2% year over year, and a $988.113 million net loss, versus $88.110 million net income. The company recorded a $1.050 billion non-cash goodwill impairment after its assessment found the reporting unit’s carrying value exceeded fair value; it cited a sustained share-price decline and market capitalization significantly below carrying value as triggering events. Operating loss was $910.305 million, compared with $146.984 million of operating income.
For the first nine months, revenue was $7.417 billion, up 2.0%, and operating cash flow was $442.878 million. Concentrix expects the sale of a non-core business for approximately €15 million to close in the fourth quarter of fiscal 2026, subject to customary closing conditions and purchase-price adjustments. Nine-month severance costs were $91.650 million, affecting approximately 30,000 employees; remaining payments are expected to be substantially complete by November 30, 2026. On September 29, 2026, Concentrix announced a $0.37 per-share cash dividend, payable November 3, 2026.
Concentrix Corporation reported fiscal third-quarter 2026 revenue of $2,453.7 million, down 1.2% year over year and down 0.5% on a constant-currency basis. GAAP operating loss was $(910.3) million and net loss was $(988.1) million, including a $1,050.0 million non-cash goodwill impairment. Non-GAAP operating income was $309.0 million, up 1.3%, while non-GAAP diluted EPS was $2.92, up 5.0% from $2.78.
Cash provided by operations was $268.2 million, and adjusted free cash flow was $218.3 million; the adjusted measure excludes the effect of changes in outstanding factoring balances. The board declared a quarterly dividend of $0.37 per share, payable November 3, 2026, to shareholders of record October 23, 2026.
For Q4 fiscal 2026, reported revenue is expected at $2.410 billion to $2.460 billion, and non-GAAP diluted EPS at $2.86 to $2.98. Full-year expectations are revenue of $9.827 billion to $9.877 billion, non-GAAP operating income of $1,206 million to $1,216 million, non-GAAP diluted EPS of $10.97 to $11.09, and adjusted free cash flow of $630 million to $650 million.
Concentrix Corporation (CNXC) reported a planned leadership change in its customer success organization. On September 15, 2026, the company and Cormac Twomey, Executive Vice President, Customer Success, agreed that he will step down from his role effective December 31, 2026. Under an Agreement dated September 15, 2026, he will receive severance benefits in line with the company’s Amended and Restated Executive Severance Plan and his January 7, 2019 Service Agreement, as applicable to a termination without cause or in lieu of notice. After his separation, Mr. Twomey will provide limited transition support services as a consultant for a 60-day period.
Kopernik Global Investors, LLC and David B. Iben report beneficial ownership of Concentrix Corp common shares. They collectively report beneficial ownership of 3,241,584 Concentrix common shares, representing 5.3% of the outstanding class, based on 61,018,350 shares outstanding as of May 31, 2026.
The reporting persons disclose no sole voting or dispositive power, with shared voting power over 3,139,157 shares and shared dispositive power over 3,241,584 shares. The securities are held by investment advisory clients of Kopernik Global Investors, and no single client beneficially owns more than 5% of the class. The filing states it should not be construed as an admission that either reporting person is the beneficial owner for any other purpose.
AQR Capital Management, LLC and its parent AQR Capital Management Holdings, LLC report beneficial ownership of Concentrix Corp common stock on a Schedule 13G/A. They disclose aggregate beneficial ownership of 3,272,084 shares of common stock, representing 5.36% of the class.
Both entities report shared voting power over 3,215,672 shares and shared dispositive power over 3,272,084 shares, with no sole voting or dispositive power. The filing clarifies that AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC and that the Schedule is filed on behalf of both entities.
FMR LLC filed an amended Schedule 13G reporting beneficial ownership of CONCENTRIX CORP common stock. FMR LLC and Abigail P. Johnson each report beneficial ownership of 5,712,933.85 shares of common stock, representing 9.4% of the class. FMR LLC has sole voting power over 5,712,076.00 shares and sole dispositive power over 5,712,933.85 shares, with no shared voting or dispositive power. One or more other persons may receive dividends or sale proceeds tied to these securities, but no such person holds more than five percent of the outstanding common stock.
Concentrix Corporation adopted an Amended and Restated Executive Severance Plan effective July 23, 2026, replacing its prior Change of Control Severance Plan. The Board took this action after an annual review of executive compensation and input from an independent compensation consultant to align severance practices more closely with market practice.
For executive officers terminated without cause, disability, or death (including certain voluntary resignations for reduced salary or position or relocation) within two months before or 12 months after a change of control, severance shifts from 18–24 months of salary continuation based on the past three years’ compensation to a lump sum equal to two times base salary plus target bonus, less applicable withholding. The plan also introduces severance outside the change-of-control window equal to one times base salary plus target bonus, less withholding, and adds a “best-net” Section 280G cut-back provision.
Concentrix Corp President and CEO Christopher A. Caldwell bought additional company stock in the open market. He purchased 1,000 shares of Common Stock at a price of $21.2497 per share. After this transaction, he directly owns 358,382 shares of Concentrix Common Stock.
BlackRock, Inc. filed Amendment No. 4 to a Schedule 13G/A reporting beneficial ownership of 6,534,519 shares of Concentrix Corp common stock, representing 10.7% of the class as of 06/30/2026.
The filing shows sole voting power for 6,469,134 shares and sole dispositive power for 6,534,519. The amendment includes Exhibit 24 (Power of Attorney) and Exhibit 99 (Item 7 subsidiary identification).