Concentrix Posts 1.9% Revenue Growth, 36.5% EPS Increase and $258M Cash Flow
CNXC•Concentrix generated $2.4625 billion in Q2 revenue, up 1.9% year-on-year, while operating income dropped to $95.4 million (3.9% margin) and diluted EPS rose 36.5% to $0.86. The company posted record quarterly cash flow from operations of $257.9 million and $242.3 million in adjusted free cash flow.
1. Second Quarter Financial Results
Concentrix reported Q2 revenue of $2.4625 billion, a 1.9% increase year over year on an as-reported basis, with non-GAAP operating income of $292.0 million (11.9% margin) and net income of $55.3 million. Diluted GAAP EPS rose 36.5% to $0.86 while non-GAAP EPS declined 2.6% to $2.63 compared with the prior year.
2. Record Cash Flow Performance
Cash flow from operations reached a record $257.9 million in the quarter, and adjusted free cash flow amounted to $242.3 million. The company highlighted a 400% year-over-year increase in iX Suite deals as a key driver of cash generation.
3. Dividend and Share Repurchase
Concentrix declared a quarterly dividend of $0.36 per share, payable August 4, 2026, and paid $0.36 per share on May 5, 2026. No shares were repurchased in Q2, leaving $396.6 million available under the existing authorization.
4. Outlook for Fiscal 2026
For Q3, Concentrix forecasts revenue of $2.465 billion to $2.490 billion with non-GAAP EPS of $2.65 to $2.77. Full-year guidance expects revenue of $9.925 billion to $10.025 billion and non-GAAP EPS of $10.83 to $11.18, with adjusted free cash flow projected at $630 million to $650 million.
