Quarterly ResultOct 7, 2026, 08:21 AM
Concentrix Reports $988M Q3 Loss on $2.45B Revenue; Goodwill Impaired
AI Summary
Concentrix Corporation reported a significant net loss of $988.1 million for the third quarter of fiscal year 2026, a stark contrast to the net income of $88.1 million in the same period of fiscal year 2025. Revenue saw a slight decline to $2.45 billion from $2.48 billion year-over-year. The company recorded a substantial goodwill impairment charge of $1.05 billion during the nine-month period. Total assets and liabilities decreased, leading to a significant reduction in stockholders' equity.
Key Highlights
- Concentrix reported a net loss of $988.1 million for the three months ended August 31, 2026, compared to a net income of $88.1 million in the prior year.
- Revenue for the three months ended August 31, 2026, was $2.45 billion, a slight decrease from $2.48 billion in the same period last year.
- Goodwill impairment charge of $1.05 billion recorded for the nine months ended August 31, 2026.
- Total assets decreased to $9.26 billion as of August 31, 2026, from $10.76 billion as of November 30, 2025.
- Total liabilities decreased to $7.49 billion as of August 31, 2026, from $8.02 billion as of November 30, 2025.
- Stockholders' equity significantly decreased to $1.77 billion as of August 31, 2026, from $2.74 billion as of November 30, 2025.
Price Impact
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