Concentrix reported revenue of $2,552.9 million for the quarter, representing a 4.3% year-over-year increase and 3.1% growth on a constant-currency basis, above its guidance range. GAAP operating loss was $1,382.4 million (–54.1% margin), driven by a $1,523.3 million non-cash goodwill impairment. Excluding that charge and other adjustments, non-GAAP operating income totaled $323.2 million (12.7% margin), down 6.8% from the prior year. Adjusted EBITDA fell 6.0% to $378.6 million (14.8% margin). GAAP net loss was $1,479.4 million, while non-GAAP net income reached $192.4 million, a 12.3% decline. Non-GAAP EPS of $2.95 missed the prior year’s $3.26, with diluted GAAP loss per share of $(23.85).

Full-year revenue climbed 2.2% to $9,825.8 million (2.1% on a constant-currency basis). GAAP operating loss was $918.2 million (–9.3% margin), reflecting the same $1.5 billion goodwill charge. Non-GAAP operating income was $1,253.5 million (12.8% margin), down 4.9%. Adjusted EBITDA totaled $1,469.3 million (15.0% margin), a 5.5% decrease. GAAP net loss was $1,278.9 million, while non-GAAP net income was $743.4 million. Non-GAAP EPS of $11.22 edged down 1.8% year-over-year. Cash flow from operations reached a record $807.0 million; adjusted free cash flow was $626.4 million. The company returned $258 million to shareholders and reduced net debt by $184 million, ending the year with a current ratio of 1.56 and a debt-to-equity ratio of 1.11.

For Q1 2026, Concentrix expects revenue of $2.475 billion to $2.500 billion, implying 1.5%–2.5% constant-currency growth, GAAP operating income of $140 million–$150 million, and non-GAAP operating income of $290 million–$300 million. Non-GAAP EPS is forecast at $2.57–$2.69 with an effective tax rate around 25%. Full-year 2026 guidance calls for revenue of $10.035 billion to $10.180 billion (1.5%–3.0% constant-currency growth), GAAP operating income of $688 million–$738 million, non-GAAP operating income of $1,240 million–$1,290 million, non-GAAP EPS of $11.48–$12.07, and adjusted free cash flow of $630 million–$650 million. These targets assume stable exchange rates and exclude acquisition-related, restructuring and other specified items.