CNXC earnings analysis
What we found in CNXC's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Concentrix Corporation reported Q2 2026 revenue of $2.46 billion, a slight decline compared to the prior period. However, EPS was $2.63, exceeding expectations. Operating income decreased significantly due to rising costs and lower margins, while free cash flow was down to $72.6 million. Management cited growth in certain sectors but faces ongoing headwinds from labor costs and operational challenges.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- EPS Exceeds Expectations
- Actual EPS of $2.63 surpassed estimates of $2.57 by 2.3%.
- Slight Revenue Decline
- Revenue for the quarter was $2.46 billion, slightly down from the $2.47 billion expected.
- Free Cash Flow Declines
- Free cash flow decreased to $72.6 million from $131.5 million in the prior year.
- Increased Labor Costs
- Selling, general and administrative expenses rose by 4.0% to $727.9 million, affecting margins.
- Growth in Banking Segment
- Revenue in banking and financial services grew by 12.6% year-over-year.
- Positive Currency Impact
- Foreign currency rates positively impacted revenue growth by $29.7 million.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Significant Decline in Operating Income
- Operating income dropped 35.7% year-over-year to $95.4 million.
- Decrease in Gross Margin
- Gross margin declined from 35.1% to 33.4% over the past year.
- High Staff Turnover Impacting Costs
- High turnover rates are increasing personnel costs, affecting operational efficiency.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $2.63
- Gross margin
- 33.4%
- Operating margin
- 3.9%
- Segment
- Technology and consumer electronics
- Segment
- Retail, travel and e-commerce
- Segment
- Communications and media
- Segment
- Banking, financial services and insurance
- Segment
- Healthcare
- Segment
- Other
What they said about what is next.
Management expects revenue between $2.465 billion and $2.490 billion and EPS between $2.65 and $2.77 for Q3 2026.
The filing reads about the same as the one before it.
What came before.
- 10-Q · April 3, 2026
- Concentrix reported revenue of $2,500,391 (in thousands) for the quarter, up from $2,372,222 in the year‑ago quarter, but results show material margin and cash‑flow deterioration. Diluted EPS per the 10‑Q was $0.33…
- 10-K · January 28, 2026
- Concentrix positions itself as a global, technology‑infused leader in customer experience (CX) and digital operations, emphasizing GenAI/agentic AI products (iX Hello / iX Hero) and a strategy of scale via strategic…
- 10-Q · April 4, 2025
- Concentrix reported quarterly revenue of $2,372,222,000 (down $30,526,000 or -1.27% year-over-year) and diluted EPS of $1.04 (up $0.28 vs. $0.76 a year ago). Operating income improved to $168,867,000 (+$20,428,000) and…
- 10-Q · October 4, 2024
- Concentrix reported quarterly revenue of $2,387,412,000, up $754,578,000 (+46.2%) versus the prior-year quarter, reflecting scale from recent M&A. However, operating income and diluted EPS compressed materially…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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