Quarterly ResultJun 29, 2026, 04:07 PM
Concentrix Q2 Net Income +31.4% to $55.3M; EPS $0.86
AI Summary
Concentrix Corporation reported its second quarter 2026 financial results, with revenue increasing 1.9% year-on-year to $2,462.5 million and diluted EPS rising 36.5% to $0.86. The company achieved a record-high second quarter cash flow from operations of $258 million and saw iX Suite deals grow 400% year over year. While GAAP net income and EPS showed strong growth, non-GAAP operating income and adjusted EBITDA experienced slight declines. Concentrix also provided guidance for Q3 and the full fiscal year 2026, expecting modest revenue growth and strong adjusted free cash flow.
Key Highlights
- Q2 Revenue was $2,462.5 million, an increase of 1.9% year-on-year.
- Q2 Net income reached $55.3 million, up 31.4% compared to prior year.
- Q2 Diluted EPS was $0.86, a 36.5% increase year-on-year.
- Q2 Cash flow from operations was a record-high $258 million.
- iX Suite deals increased 400% year over year.
- Declared a quarterly dividend of $0.36 per share.
- Q3 2026 revenue guidance is $2.465 billion to $2.490 billion.
- Full year 2026 adjusted free cash flow guidance is $630 million to $650 million.
Price Impact
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