Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when CNXC files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsRed Flags Detected
- Goodwill Impairment (new) — The company recorded a $1.05 billion non-cash goodwill impairment charge, which turned operating income into a large loss and signals the market value of prior acquisitions has fallen below their carrying value.
Concentrix posts Q3 loss on $1.05B goodwill impairment; non-GAAP EPS up 5%, dividend raised
Filed September 29, 2026 · Period ending September 29, 2026 · ~1 min read
Key Changes
-
high
Recorded a $1.05 billion non-cash goodwill impairment charge, driving a GAAP operating loss of $910.3 million and net loss of $988.1 million for the quarter.
Item 2.02 verify on EDGAR → -
medium
Non-GAAP diluted EPS rose 5.0% to $2.92 from $2.78 a year ago, with non-GAAP operating income up 1.3% to $309.0 million.
Item 2.02 verify on EDGAR → -
medium
Revenue declined 1.2% year-over-year to $2,453.7 million, or 0.5% on a constant currency basis.
Item 2.02 verify on EDGAR → -
medium
Board increased the quarterly dividend to $0.37 per share from $0.36, payable November 3, 2026.
Item 2.02 verify on EDGAR → -
medium
Generated record third-quarter adjusted free cash flow of $218.3 million, with cash flow from operations of $268.2 million.
Item 2.02 verify on EDGAR →
Summary
Concentrix reported a GAAP net loss of $988.1 million for the third quarter, driven by a $1.05 billion non-cash goodwill impairment charge. The charge reflects a decline in the company's stock price and market capitalization relative to the carrying value of goodwill from prior acquisitions. This is a significant red flag, as it indicates that the market value of past acquisitions has fallen below their recorded value, potentially signaling overpayment or deteriorating business prospects for those acquired assets.
Excluding the impairment and other items, non-GAAP diluted EPS rose 5% to $2.92, and adjusted free cash flow reached a record $218.3 million. The board also increased the quarterly dividend to $0.37 per share. While the non-GAAP results and cash flow are positive, the goodwill impairment is a material concern that investors should weigh carefully, as it may indicate underlying challenges in the acquired businesses or a sustained decline in the company's market valuation.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Concentrix issued a press release reporting Q3 FY2026 results for the quarter ended August 31, 2026.
Added in current filing · verify on EDGAR →
On September 29, 2026, Concentrix Corporation (the “Company” or “Concentrix”) issued a press release reporting its financial results for the third quarter ended August 31, 2026.
The company announced its third-quarter fiscal 2026 financial results via a press release furnished as Exhibit 99.1. The 8-K itself does not include the actual figures; those are in the attached exhibit.
Event · Exhibit 99.1
Concentrix Q3 2026 results show a $1.05B goodwill impairment driving a GAAP loss, while non-GAAP EPS rose 5% and the dividend was increased.
Added in current filing · view on EDGAR →
Revenue ($M) $ 2,453.7 $ 2,483.3 (1.2) %
Third quarter revenue declined 1.2% year-over-year to $2,453.7 million, with a smaller 0.5% decline on a constant currency basis. The company's revenue mix is shifting toward newer business, with 50% of revenue now coming from business won and deployed within the last three years.
Added in current filing · view on EDGAR →
Non-GAAP diluted earnings per common share (2) $ 2.92 $ 2.78 5.0 %
Excluding the impairment charge and other items, non-GAAP diluted EPS rose 5.0% to $2.92 from $2.78 a year ago. Non-GAAP operating income increased 1.3% to $309.0 million, and adjusted EBITDA grew 1.1% to $363.0 million.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Sep 30, 2026 · How we verify