Concentrix Q1 Revenue Rises 5.4% to $2.50 Billion, Non-GAAP EPS at $2.61
Concentrix delivered Q1 2026 revenue of $2.50 billion, up 5.4% year-on-year, while non-GAAP EPS of $2.61 declined 6.5% from prior year and GAAP EPS plunged to $0.33. The company repurchased $42 million of stock, paid a $0.36 dividend and reaffirmed full-year revenue guidance of $10.035 billion–$10.18 billion.
1. Q1 Financial Performance
Concentrix reported Q1 revenue of $2,500.4 million, a 5.4% increase year-on-year and 1.9% on a constant currency basis. GAAP operating income declined 29.8% to $118.6 million (4.7% margin) and non-GAAP operating income fell 8.2% to $295.0 million (11.8% margin), with non-GAAP EPS of $2.61 and GAAP EPS of $0.33.
2. Dividend and Share Repurchase
The company paid a $0.36 per share quarterly dividend and repurchased approximately 1 million shares at an average cost of $40.06, totaling $42.0 million. Remaining repurchase authorization stands at $396.6 million.
3. Fiscal 2026 Outlook
Concentrix reaffirmed Q2 revenue guidance of $2.460 billion to $2.485 billion (1.0%–2.0% constant currency growth) and full-year revenue outlook of $10.035 billion to $10.18 billion. Non-GAAP EPS is expected between $11.48 and $12.07, with adjusted free cash flow projected at $630 million to $650 million.