Revenue and profit within guidance as reported
A record-high second quarter $258M in cash flow from operations, $242M in adjusted free cash flow
iX Suite deals up 400% year over year
NEWARK, Calif., June 29, 2026 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ: CNXC), a global technology and services leader, today announced financial results for the fiscal second quarter ended May 31, 2026.
Three Months Ended | |||||||||||
May 31, 2026 | May 31, 2025 | Change | |||||||||
Revenue($M) | $ | 2,462.5 | $ | 2,417.4 | 1.9 | % | |||||
Operating income($M) | $ | 95.4 | $ | 148.3 | (35.7 | )% | |||||
Non-GAAP operating income($M) (1) | $ | 292.0 | $ | 303.7 | (3.9 | )% | |||||
Operating margin | 3.9 | % | 6.1 | % | -220 bps | ||||||
Non-GAAP operating margin (1) | 11.9 | % | 12.6 | % | -70 bps | ||||||
Net income($M) | $ | 55.3 | $ | 42.1 | 31.4 | % | |||||
Non-GAAP net income($M) (1) | $ | 168.6 | $ | 179.6 | (6.1 | )% | |||||
Adjusted EBITDA($M) (1) | $ | 347.4 | $ | 357.3 | (2.8 | )% | |||||
Adjusted EBITDA margin (1) | 14.1 | % | 14.8 | % | -70 bps | ||||||
Diluted earnings per common share | $ | 0.86 | $ | 0.63 | 36.5 | % | |||||
Non-GAAP diluted earnings per common share (1) | $ | 2.63 | $ | 2.70 | (2.6 | )% | |||||
(1) See non-GAAP reconciliations included in the accompanying financial tables for the reconciliation of each non-GAAP measure to its most directly comparable GAAP measure. |
Second Quarter Fiscal 2026 Highlights:
Revenue of $2,462.5 million, an increase of 1.9% year-on-year on an as reported basis compared to revenue of $2,417.4 million in the prior year second quarter. The Company grew revenue 0.6% year-on-year on a constant currency basis.
Operating income of $95.4 million, or 3.9% of revenue, compared to $148.3 million, or 6.1% of revenue, in the prior year second quarter.
Non-GAAP operating income of $292.0 million, or 11.9% of revenue, compared with $303.7 million, or 12.6% of revenue in the prior year second quarter.
Adjusted EBITDA of $347.4 million, or 14.1% of revenue, compared with $357.3 million, or 14.8% of revenue in the prior year second quarter.
Cash flow provided by operations was $257.9 million in the quarter. Adjusted free cash flow(1) was $242.3 million in the quarter.
Diluted earnings per common share ("EPS") was $0.86 compared to $0.63 in the prior year second quarter.
Non-GAAP diluted EPS was $2.63 compared to $2.70 in the prior year second quarter.
"Our second quarter marked an acceleration in many areas in the evolution of our business," said Chris Caldwell, President and CEO of Concentrix. "Our blended AI and services approach is delivering value to clients by lowering their costs and increasing their revenue, helping us differentiate ourselves in the marketplace."
Quarterly Dividend and Share Repurchase Program: