Concentrix (NASDAQ:CNXC) Shares Up 6.4% After Earnings Beat

Posted by Brenda Bartman on Sep 30th, 2026

Concentrix Corporation (NASDAQ:CNXC – Get Free Report) shares traded up 6.4% on Wednesday following a stronger than expected earnings report. The stock traded as high as $26.66 and last traded at $26.4670. Approximately 1,416,056 shares were traded during trading, a decline of 13% from the average daily volume of 1,631,991 shares. The stock had previously closed at $24.88.

The company reported $2.92 earnings per share for the quarter, topping the consensus estimate of $2.71 by $0.21. Concentrix had a positive return on equity of 19.82% and a negative net margin of 13.16%.The firm had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.48 billion. During the same quarter last year, the business earned $2.78 EPS. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. Concentrix has set its FY 2026 guidance at 10.970-11.090 EPS and its Q4 2026 guidance at 2.860-2.980 EPS.

Concentrix Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 3rd. Shareholders of record on Friday, October 23rd will be paid a $0.37 dividend. This is a positive change from Concentrix’s previous quarterly dividend of $0.36. The ex-dividend date is Friday, October 23rd. This represents a $1.48 annualized dividend and a yield of 5.6%. Concentrix’s dividend payout ratio is presently -6.75%.

Concentrix News Roundup

Here are the key news stories impacting Concentrix this week:

Positive Sentiment: Concentrix reported adjusted earnings of $2.92 per share, exceeding the $2.71 analyst consensus and increasing from $2.78 a year earlier. The company also exceeded its profitability guidance. Concentrix Corporation Q3 Earnings Beat Estimates
Positive Sentiment: Cash generation was strong, with record third-quarter operating free cash flow of $268 million and adjusted free cash flow of $218 million. Concentrix also raised its quarterly dividend from $0.36 to $0.37 per share, equivalent to a $1.48 annualized payout and an approximately 5.9% yield. Concentrix Reports Third Quarter 2026 Results
Neutral Sentiment: Management expects new-business revenue to exceed $6 billion in 2027 and is targeting net leverage of 2.2 times, suggesting confidence in future growth but also continued attention to debt reduction. Concentrix 2027 New Business and Leverage Targets
Negative Sentiment: Third-quarter revenue was $2.45 billion, below the $2.48 billion estimate and down 1.2% year over year. The revenue shortfall overshadowed the EPS beat and raised concerns about demand during the company’s transition toward AI-enabled services. Concentrix Stock Falls After Earnings as AI Transition Weighs on Revenue
Negative Sentiment: Fourth-quarter guidance calls for EPS of $2.86–$2.98 and revenue of $2.4–$2.5 billion, below consensus estimates of $3.08 and $2.5 billion, respectively. Full-year revenue guidance of $9.8–$9.9 billion also trails the $10 billion estimate, although full-year EPS guidance of $10.97–$11.09 is above consensus. Concentrix Provides Fiscal 2026 Guidance

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CNXC shares. Bank of America decreased their target price on shares of Concentrix from $32.00 to $26.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 30th. Robert W. Baird cut their price target on Concentrix from $40.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, June 30th. Weiss Ratings reissued a “sell (d)” rating on shares of Concentrix in a research report on Friday, July 24th. Zacks Research raised Concentrix from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Finally, Canaccord Genuity Group lowered their price objective on Concentrix from $55.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $32.75.

Read Our Latest Analysis on CNXC

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Concentrix during the 2nd quarter worth approximately $149,639,000. Groupe Bruxelles Lambert bought a new position in Concentrix in the 2nd quarter valued at approximately $68,000,000. Empowered Funds LLC boosted its position in Concentrix by 21.6% in the first quarter. Empowered Funds LLC now owns 306,784 shares of the company’s stock valued at $8,394,000 after buying an additional 54,585 shares in the last quarter. Deutsche Bank AG acquired a new stake in Concentrix in the second quarter valued at approximately $1,084,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Concentrix during the second quarter worth $16,654,000. 90.34% of the stock is owned by institutional investors.

Concentrix Trading Up 6.0%

The business’s 50 day simple moving average is $27.01 and its two-hundred day simple moving average is $26.53. The stock has a market cap of $1.61 billion, a P/E ratio of -1.25, a PEG ratio of 0.47 and a beta of 0.47. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.46.

Concentrix Company Profile

(Get Free Report)

Concentrix Corporation is a global technology and services company that helps organizations manage customer experience, business operations and digital transformation. Its offerings include customer care, technical support, sales and marketing services, back-office support, analytics, artificial intelligence and automation solutions.

The company serves clients across industries such as technology and consumer electronics, retail, banking and financial services, healthcare, communications and media, travel, and automotive.