Concentrix Corporation reported modest revenue growth but lower profitability for the quarter and first half of fiscal 2026. Revenue for the quarter ended May 31, 2026 rose to $2.46 billion, up 1.9% year over year, while quarterly net income increased to $55.3 million from $42.1 million, helped by foreign exchange gains.
For the first six months, revenue grew 3.6% to $4.96 billion, but net income declined to $76.9 million from $112.4 million as margins compressed. Cost of revenue and selling, general and administrative expenses outpaced revenue, and the company booked $60.2 million of severance-related restructuring costs affecting about 20,000 employees.
Concentrix classified a non-core business as held for sale and agreed to sell it for approximately 15 million euros, recording a $6.9 million loss on held for sale and showing $202.7 million of assets held for sale and $172.3 million of related liabilities. The balance sheet shows total assets of $10.51 billion and long-term debt, net of costs, of $3.93 billion, including new 6.500% Senior Notes due 2029 used to redeem $600 million of 2026 notes.
Concentrix reported fiscal second quarter 2026 revenue of $2,462.5M, up 1.9% year over year, with constant currency growth of 0.6%. GAAP operating income fell to $95.4M and operating margin declined to 3.9% from 6.1%, reflecting higher costs and significant acquisition, integration and restructuring charges.
GAAP net income rose to $55.3M, up 31%, and diluted EPS increased to $0.86, while non-GAAP diluted EPS edged down to $2.63 from $2.70. Cash flow from operations reached a record second-quarter $257.9M, with adjusted free cash flow of $242.3M.
For full-year 2026, Concentrix expects reported revenue between $9.925B and $10.025B, implying constant currency growth of 0.25% to 1.25%, non-GAAP operating income of $1.20B–$1.23B, non-GAAP diluted EPS of $10.83–$11.18, and adjusted free cash flow of $630–$650M.
Concentrix Corp ownership disclosure: AQR Capital Management, LLC and AQR Capital Management Holdings, LLC report beneficial ownership of 4,831,868 shares of Concentrix common stock, representing 7.94% of the class. The filing shows shared voting power of 4,756,220 and shared dispositive power of 4,831,868.
The filing is submitted by the two related entities with AQR Capital Management, LLC identified as a wholly owned subsidiary of AQR Capital Management Holdings, LLC and is signed by an authorized signatory.
FMR LLC reported beneficial ownership of 4,223,281.76 shares of Concentrix Corp common stock, representing 6.9% of the class as of 03/31/2026. The filing lists sole dispositive power for 4,223,281.76 shares and sole voting power of 4,210,007 shares. The report is submitted on Schedule 13G and references an Exhibit 99 and a power of attorney.
Concentrix Corporation reported a change in its Board of Directors tied to ownership conditions in an Investor Rights Agreement related to its September 2023 Webhelp acquisition. Groupe Bruxelles Lambert SA (GBL) previously had the right to nominate one director as long as it beneficially owned at least 50% of the Concentrix shares issued to it in that deal.
On April 29, 2026, GBL entered into a transaction that reduced its beneficial ownership below this Board Nomination Threshold. As a result, GBL’s nominee, Bilge Ogut, resigned from the Concentrix Board and its committees, effective immediately.
Groupe Bruxelles Lambert and affiliates have sharply reduced their stake in Concentrix Corporation. Through subsidiaries including Sapiens S.à r.l., FINPAR V and FINPAR VI, they now beneficially own 2,773,667 shares of Common Stock, representing 4.55% of Concentrix’s 61,004,826 outstanding shares as of March 31, 2026.
The change follows Sapiens’ April 29, 2026 block trade of 6,000,000 shares at $22.25 per share under Rule 144, which brought the group’s holdings below the 5% reporting threshold, ending their ongoing Schedule 13D reporting obligations. They may also receive up to 442,759 contingent Earnout Shares if share-price conditions set in a prior agreement are met.
Entities associated with Groupe Bruxelles Lambert reported a major sale of Concentrix Corp stock. FINPAR VI SA, FINPAR V SA and Sapiens S.a r.l. reported an open‑market sale of 6,000,000 shares of Concentrix common stock at $22.25 per share on April 29, 2026.
After this transaction, the reporting entities collectively report indirect ownership of 2,773,667 Concentrix shares, with 38,623 shares held by FINPAR VI SA, 35,964 by FINPAR V SA and 2,699,080 by Sapiens S.a r.l.
CNXC filed a Form 144 reporting a proposed sale of Common Stock. The notice is dated 04/29/2026 and cites shares of common stock received in exchange pursuant to a Share Purchase and Contribution Agreement dated June 12, 2023. The exchange recorded 8,699,080 shares on 09/25/2023.
Synnex Technology International Corporation amends its Schedule 13G to report beneficial ownership of 4,369,475 shares of Concentrix Corp common stock, representing 7.09% of the class. The filing states that Peer Developments Ltd., a 100% directly owned subsidiary, holds the shares and that Synnex has sole voting and dispositive power over these shares. The filing cites CUSIP 20602D101 and is signed by Director Tu, Shu-Wu on 04/27/2026.
Concentrix Corp Chief Financial Officer Andre S. Valentine reported an open-market purchase of 2,500 shares of the company’s Common Stock. The shares were bought at an average price of $27.9477 per share, increasing his directly held position to 89,066 shares following the transaction.