Concentrix Corporation reported its financial results for the third quarter ended August 31, 2026, revealing a significant non-cash goodwill impairment charge that impacted its GAAP profitability metrics. The company generated record-high free cash flow from operations of $268 million, while its adjusted financial metrics showed continued operational strength.
For the three months ended August 31, 2026, the company reported total revenue of $2,453.7 million. This figure represents a 1.2% decrease from the prior year's third quarter of $2,483.3 million. On a constant currency basis, revenue decreased by 0.5% year-over-year. The company’s GAAP operating loss for the quarter was $910.3 million, or 37.1% of revenue, compared to an operating income of $147.0 million in the prior year. This loss was driven by a non-cash goodwill impairment charge of $1,050.0 million, which the company stated was primarily resulting from the trading range for its stock price and market capitalization.
Excluding the impact of the impairment charge and other non-GAAP adjustments, the company reported Non-GAAP operating income of $309.0 million, or 12.6% of revenue. Adjusted EBITDA for the quarter was $363.0 million, or 14.8% of revenue. On a per-share basis, GAAP diluted earnings per share (EPS) were a loss of $(16.24), while Non-GAAP diluted EPS was $2.92. The company noted that it exceeded its profitability guidance for the quarter.
Cash flow metrics were highlighted as a strength for the period. Cash flow provided by operations was $268.2 million, and adjusted free cash flow was $218.3 million. The company also announced a quarterly dividend of $0.37 per share, payable on November 3, 2026, to shareholders of record on October 23, 2026. During the quarter, the company did not repurchase any shares under its authorization, which stood at $396.6 million as of August 31, 2026.
Looking ahead, Concentrix provided guidance for the fourth quarter and full year fiscal 2026. For the fourth quarter, the company expects reported revenue between $2.410 billion and $2.460 billion, with a constant currency decline of 3.0% to 5.0%. Non-GAAP diluted EPS is expected to be between $2.86 and $2.98. For the full year, the company projects revenue between $9.827 billion and $9.877 billion, with a constant currency decline of 0.3% to 0.8%. Non-GAAP diluted EPS for the full year is expected to be between $10.97 and $11.09. The company also expects to generate approximately $630.0 million to $650.0 million of adjusted free cash flow for fiscal 2026.
