Form 8-K

8-K — Concentrix Corp

Accession: 0001803599-26-000133

Filed: 2026-06-29

Period: 2026-06-29

CIK: 0001803599

SIC: 7389 (SERVICES-BUSINESS SERVICES, NEC)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — cnxc-20260629.htm (Primary)

EX-99.1 (exhibit991q22026.htm)

GRAPHIC (concentrixlogoa.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: cnxc-20260629.htm · Sequence: 1

cnxc-20260629

0001803599FALSE00018035992026-06-292026-06-29

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): June 29, 2026

CONCENTRIX CORPORATION

(Exact name of registrant as specified in its charter)

Delaware 001-39494 27-1605762

(State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification Number)

39899 Balentine Drive, Suite 235, Newark, California

94560

(Address of principal executive offices) (Zip Code)

(800) 747-0583

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240-13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common Stock, par value $0.0001 per share CNXC The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On June 29, 2026, Concentrix Corporation (the “Company” or “Concentrix”) issued a press release reporting its financial results for the second quarter ended May 31, 2026. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated in this Item 2.02 by reference.

The information contained in this Current Report on Form 8-K is furnished pursuant to Item 2.02 of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or incorporated by reference into any Concentrix filing or report with the Securities and Exchange Commission, whether made before or after the date hereof, except as shall be expressly set forth by specific reference in any such filing or report.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. Description

99.1

Press release issued by Concentrix Corporation on June 29, 2026.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: June 29, 2026

CONCENTRIX CORPORATION

By: /s/ Andre Valentine

Andre Valentine

Chief Financial Officer

EX-99.1

Filename: exhibit991q22026.htm · Sequence: 2

Document

Exhibit 99.1

Concentrix Reports Second Quarter 2026 Results

•Revenue and profit within guidance as reported

•A record-high second quarter $258M in cash flow from operations, $242M in adjusted free cash flow

•iX Suite deals up 400% year over year

Newark, Calif., June 29, 2026 – Concentrix Corporation (NASDAQ: CNXC), a global technology and services leader, today announced financial results for the fiscal second quarter ended May 31, 2026.

Three Months Ended

May 31, 2026 May 31, 2025 Change

Revenue ($M)

$ 2,462.5 $ 2,417.4 1.9 %

Operating income ($M)

$ 95.4 $ 148.3 (35.7) %

Non-GAAP operating income ($M) (1)

$ 292.0 $ 303.7 (3.9) %

Operating margin 3.9 % 6.1 % -220 bps

Non-GAAP operating margin (1)

11.9 % 12.6 % -70 bps

Net income ($M)

$ 55.3 $ 42.1 31.4 %

Non-GAAP net income ($M) (1)

$ 168.6 $ 179.6 (6.1) %

Adjusted EBITDA ($M) (1)

$ 347.4 $ 357.3 (2.8) %

Adjusted EBITDA margin (1)

14.1 % 14.8 % -70 bps

Diluted earnings per common share

$ 0.86 $ 0.63 36.5 %

Non-GAAP diluted earnings per common share (1)

$ 2.63 $ 2.70 (2.6) %

(1) See non-GAAP reconciliations included in the accompanying financial tables for the reconciliation of each non-GAAP measure to its most directly comparable GAAP measure.

Second Quarter Fiscal 2026 Highlights:

•Revenue of $2,462.5 million, an increase of 1.9% year-on-year on an as reported basis compared to revenue of $2,417.4 million in the prior year second quarter. The Company grew revenue 0.6% year-on-year on a constant currency basis.

•Operating income of $95.4 million, or 3.9% of revenue, compared to $148.3 million, or 6.1% of revenue, in the prior year second quarter.

•Non-GAAP operating income of $292.0 million, or 11.9% of revenue, compared with $303.7 million, or 12.6% of revenue in the prior year second quarter.

•Adjusted EBITDA of $347.4 million, or 14.1% of revenue, compared with $357.3 million, or 14.8% of revenue in the prior year second quarter.

•Cash flow provided by operations was $257.9 million in the quarter. Adjusted free cash flow(1) was $242.3 million in the quarter.

•Diluted earnings per common share (“EPS”) was $0.86 compared to $0.63 in the prior year second quarter.

•Non-GAAP diluted EPS was $2.63 compared to $2.70 in the prior year second quarter.

“Our second quarter marked an acceleration in many areas in the evolution of our business,” said Chris Caldwell, President and CEO of Concentrix. “Our blended AI and services approach is delivering value to clients by lowering their costs and increasing their revenue, helping us differentiate ourselves in the marketplace."

Quarterly Dividend and Share Repurchase Program:

•The Company paid a $0.36 per share quarterly dividend on May 5, 2026. The Company’s Board of Directors has declared a quarterly dividend of $0.36 per share payable on August 4, 2026, to shareholders of record at the close of business on July 24, 2026.

•The Company did not repurchase any shares under its share repurchase program during the second quarter of fiscal year 2026. At May 31, 2026, the Company’s remaining share repurchase authorization was $396.6 million.

Business Outlook:

The following statements are based on the Company’s current expectations for the third quarter and the full year fiscal 2026. Non-GAAP financial measures exclude the impact of acquisition-related, integration and restructuring expenses, amortization of intangible assets, depreciation, loss on held for sale, share-based compensation and the related tax effects thereon. The non-GAAP EPS guidance assumes no impact from changes in acquisition contingent consideration and foreign currency losses (gains), net included in other expense (income), net. These statements are forward-looking and actual results may differ materially.

Third Quarter Fiscal 2026 Expectations:

•Third quarter reported revenue of $2.465 billion to $2.490 billion. Based on current exchange rates, these expectations assume an approximate 75-basis point negative impact of foreign exchange rates compared with the prior year period. The guidance implies constant currency revenue growth for the quarter ranging from 0.0% to 1.0%.

•Operating income of $121 million to $131 million and non-GAAP operating income of $295 million to $305 million.

•Non-GAAP diluted EPS of $2.65 to $2.77, assuming approximately 60.9 million diluted common shares outstanding and approximately 4.8% of net income attributable to participating securities.

•The effective tax rate is expected to be approximately 25%.

Full Year 2026 Expectations:

•Full year reported revenue of $9.925 billion to $10.025 billion. Based on current exchange rates, these expectations assume an approximate 75-basis point positive impact of foreign exchange rates compared with the prior year. The guidance implies constant currency revenue growth for the full year of 0.25% to 1.25%.

•Operating income of $509 million to $539 million and non-GAAP operating income of $1,200 million to $1,230 million.

•Non-GAAP diluted EPS of $10.83 to $11.18, assuming approximately 61.1 million diluted common shares outstanding and approximately 4.8% of net income attributable to participating securities.

•The effective tax rate is expected to be approximately 24.5%.

In addition, the Company expects to generate approximately $630.0 million to $650.0 million of adjusted free cash flow in fiscal year 2026.

The Company believes that a quantitative reconciliation of the non-GAAP EPS outlook to the most directly comparable GAAP measure cannot be provided without unreasonable efforts due to (a) the inability to forecast future changes in acquisition contingent consideration, which is based, in part, on the future trading price of the Company’s common stock, and (b) the inability to forecast future foreign currency losses (gains), net included in other expense (income), net. For the same reason, the Company is unable

to address the probable significance of the unavailable information, which may have a material impact on the Company’s GAAP results.

The Company believes that a quantitative reconciliation of the adjusted free cash flow outlook to the most directly comparable GAAP measure cannot be provided without unreasonable efforts due to uncertainty related to the future changes in the Company’s factoring program and related timing of those changes. For the same reason, the Company is unable to address the probable significance of the unavailable information, which may have a material impact on the Company’s GAAP results.

Conference Call and Webcast

The Company will host a conference call for investors to review its second quarter fiscal 2026 results today at 5:00 p.m. (ET)/2:00 p.m. (PT).

The live conference call webcast will be available in listen-only mode in the Investor Relations section of the Company’s website under “Events and Presentations” at https://ir.concentrix.com/events-and-presentations. A replay will also be available on the website following the conference call.

About Concentrix: Powering a World That Works

Concentrix Corporation (NASDAQ: CNXC), is the Fortune 500® technology and services company, helping the world's best brands create intelligent operations that perform in the real world. We design, build, and run integrated human and AI solutions, harnessing the insight from billions of real-world interactions to help 2,000+ of the world’s most complex organizations solve their toughest business challenges. Backed by 20+ years of operational experience and battle tested AI, we’re the intelligent transformation partner that helps clients across every major industry move from ambition to measurable, scalable performance. Virtually everywhere. To learn more, visit concentrix.com.

Use of Non-GAAP Information

In addition to disclosing financial results that are determined in accordance with GAAP, we also disclose certain non-GAAP financial information, including:

•Constant currency revenue growth, which is revenue growth adjusted for the translation effect of foreign currencies so that certain financial results can be viewed without the impact of fluctuations in foreign currency exchange rates, thereby facilitating period-to-period comparisons of our business performance. Constant currency revenue growth is calculated by translating the revenue of each fiscal year in the billing currency to U.S. dollars using the comparable prior year’s currency conversion rate in comparison to prior year’s revenue. Generally, when the U.S. dollar either strengthens or weakens against other currencies, revenue growth at constant currency rates or adjusting for currency will be higher or lower than revenue growth reported at actual exchange rates.

•Non-GAAP operating income, which is operating income, adjusted to exclude acquisition-related, integration and restructuring expenses, step-up depreciation, amortization of intangible assets, loss on held for sale and share-based compensation.

•Non-GAAP operating margin, which is non-GAAP operating income, as defined above, divided by revenue.

•Adjusted earnings before interest, taxes, depreciation, and amortization, or adjusted EBITDA, which is non-GAAP operating income, as defined above, plus depreciation (exclusive of step-up depreciation).

•Adjusted EBITDA margin, which is adjusted EBITDA, as defined above, divided by revenue.

•Non-GAAP net income, which is net income excluding the tax-effected impact of acquisition-related, integration and restructuring expenses, step-up depreciation, amortization of intangible assets, loss on held for sale, share-based compensation, certain debt costs, imputed interest related to the Sellers’ Note, certain legal settlement costs, change in acquisition contingent consideration and foreign currency losses (gains), net. Non-GAAP net income also excludes the income tax effect of certain tax law changes.

•Free cash flow, which is cash flows from operating activities less capital expenditures, and adjusted free cash flow, which is free cash flow excluding the effect of changes in the outstanding factoring balance. We believe that free cash flow is a meaningful measure of cash flows since capital expenditures are a necessary component of ongoing operations. We believe that adjusted free cash flow is a meaningful measure of cash flows because it removes the effect of factoring which changes the timing of the receipt of cash for certain receivables. However, free cash flow and adjusted free cash flow have limitations because they do not represent the residual cash flow available for discretionary expenditures. For example, free cash flow and adjusted free cash flow do not incorporate payments for business acquisitions.

•Non-GAAP diluted EPS, which is diluted EPS excluding the per share, tax-effected impact of acquisition-related, integration and restructuring expenses, step-up depreciation, amortization of intangible assets, loss on held for sale, share-based compensation, certain debt costs, imputed interest related to the Sellers’ Note, certain legal settlement costs, change in acquisition contingent consideration and foreign currency losses (gains), net. Non-GAAP EPS also excludes the per share income tax effect of certain tax law changes. Non-GAAP EPS also reflects a per share adjustment to exclude non-GAAP net income attributable to participating securities.

We believe that providing this additional information is useful to the reader to better assess and understand our base operating performance, especially when comparing results with previous periods and for planning and forecasting in future periods, primarily because management typically monitors the business adjusted for these items in addition to GAAP results. Management also uses these non-GAAP measures to establish operational goals and, in some cases, for measuring performance for compensation purposes. These non-GAAP financial measures exclude amortization of intangible assets. Although intangible assets contribute to our revenue generation, the amortization of intangible assets does not directly relate to the services performed for our clients. Additionally, intangible asset amortization expense typically fluctuates based on the size and timing of our acquisition activity. Accordingly, we believe excluding the amortization of intangible assets, along with the other non-GAAP adjustments, which neither relate to the ordinary course of our business nor reflect our underlying business performance, enhances our and our investors’ ability to compare our past financial performance with our current performance and to analyze underlying business performance and trends. These non-GAAP financial measures also exclude share-based compensation expense. Given the subjective assumptions and the variety of award types that companies can use when calculating share-based compensation expense, management believes this additional information allows investors to make additional comparisons between our operating results and those of our peers. As these non-GAAP financial measures are not calculated in accordance with GAAP, they may not necessarily be comparable to similarly titled measures employed by other companies. These non-GAAP financial measures should not be considered in isolation or as a substitute for the comparable GAAP measures and should be used as a complement to, and in conjunction with, data presented in accordance with GAAP.

Safe Harbor Statement

This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements regarding the Company’s expected future financial condition, growth and profitability, results of operations, including revenue and operating income, cash flows, and effective tax rate, leverage and liquidity, capital expenditures and anticipated investment costs, the Company’s stock price and market capitalization, the future growth and success of, and demand for, the Company’s services and products, the potential benefits associated with use of the Company’s artificial intelligence (“AI”) solutions and other products, share repurchase and dividend activity, capital allocation, debt repayment and obligations, business strategy, product launches, foreign currency exchange rate fluctuations, and statements that include words such as believe, expect, intend, plan, may, will, anticipate, provide, could, should, target, estimate, outlook, and other similar expressions. These forward-looking statements are inherently uncertain and involve substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Risks and uncertainties include, among other things: risks related to general economic and geopolitical conditions and their effects on our clients’ businesses and

demand for our services, including consumer demand, interest rates, inflation, the price of oil and other petroleum-based products, international tariffs and global trade policies, supply chains, and the conflicts in the Middle East and Ukraine; cyberattacks on the Company’s or its clients’ networks and information technology systems; uncertainty around, and disruption from, new and emerging technologies, including the adoption and utilization of AI, including agentic and generative AI; the failure of the Company’s staff and contractors to adhere to the Company’s and its clients’ controls and processes; the inability to protect personal and proprietary information; the effects of communicable diseases or other public health crises, natural disasters and adverse weather conditions; geopolitical, economic and climate- or weather-related risks in regions with a significant concentration of the Company’s operations; the ability to successfully execute the Company’s strategy; the timing and success of product launches; competitive conditions in the Company’s industry and consolidation of its competitors; variability in demand by the Company’s clients or the early termination of the Company’s client contracts; the level of business activity of the Company’s clients and the market acceptance and performance of their products and services; the demand for end-to-end solutions and technology; damage to the Company’s reputation through the actions or inactions of third parties; changes in law, regulations, or regulatory guidance, or changes in their interpretation or enforcement, including changes in law and policy that restrict offshoring or travel or visas between countries in which we have operations; the operability of the Company’s communication services and information technology systems and networks; the loss of key personnel or the inability to attract and retain staff across all geographies with the skills and expertise needed for the Company’s business; increases in the cost of labor, including minimum wage rates in the countries in which the Company operates; the inability to successfully identify, complete, and integrate strategic acquisitions or investments or realize anticipated benefits within the expected timeframe; higher than expected tax liabilities; currency exchange rate fluctuations; investigative or legal actions; and other factors contained in the Company’s Annual Report on Form 10-K for the fiscal year ended November 30, 2025 filed with the Securities and Exchange Commission (“SEC”) and subsequent documents filed with or furnished to the SEC. The Company does not undertake a duty to update forward-looking statements, which speak only as of the date on which they are made, except as required by law.

Copyright 2026 Concentrix Corporation. All rights reserved. Concentrix, the Concentrix logo, and all other Concentrix company, product, and services word and design marks and slogans are trademarks or registered trademarks of Concentrix Corporation and its subsidiaries. Other names and marks are the property of their respective owners.

From Fortune ©2026 Fortune Media (USA) Corporation. All rights reserved. Used under license. Fortune and Fortune 500 are registered trademarks of Fortune Media (USA) Corporation and are used under license. Fortune and Fortune Media (USA) Corporation are not affiliated with, and do not endorse products or services of, Concentrix.

Investor Contact:

Elise Brassell

Concentrix Corporation

Investor.relations@concentrix.com

CONCENTRIX CORPORATION

CONSOLIDATED BALANCE SHEETS

(currency and share amounts in thousands, except par value)

May 31, 2026 November 30, 2025

(unaudited)

ASSETS

Current assets:

Cash and cash equivalents $ 255,566 $ 327,347

Accounts receivable, net 1,987,978 1,999,021

Assets held for sale 202,738 —

Other current assets 593,611 758,135

Total current assets 3,039,893 3,084,503

Property and equipment, net 709,829 735,550

Goodwill 3,653,490 3,671,746

Intangible assets, net 1,749,909 1,960,338

Deferred tax assets 343,201 317,453

Other assets 1,016,525 991,496

Total assets $ 10,512,847 $ 10,761,086

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities:

Accounts payable $ 198,108 $ 244,771

Current portion of long-term debt 650,000 65,625

Accrued compensation and benefits 658,057 764,962

Other accrued liabilities 815,876 997,198

Income taxes payable 85,078 123,794

Liabilities held for sale 172,259 —

Total current liabilities 2,579,378 2,196,350

Long-term debt, net 3,934,874 4,572,889

Other long-term liabilities 1,011,706 950,983

Deferred tax liabilities 285,603 296,519

Total liabilities 7,811,561 8,016,741

Stockholders’ equity:

Preferred stock, $0.0001 par value, 10,000 shares authorized and no shares issued and outstanding as of May 31, 2026 and November 30, 2025, respectively — —

Common stock, $0.0001 par value, 250,000 shares authorized; 70,591 and 70,316 shares issued as of May 31, 2026 and November 30, 2025, respectively, and 60,863 and 61,739 shares outstanding as of May 31, 2026 and November 30, 2025, respectively 7 7

Additional paid-in capital 3,838,082 3,783,972

Treasury stock, 9,728 and 8,577 shares as of May 31, 2026 and November 30, 2025, respectively (657,340) (610,162)

Retained deficit (146,518) (177,010)

Accumulated other comprehensive loss (332,945) (252,462)

Total stockholders’ equity 2,701,286 2,744,345

Total liabilities and stockholders’ equity $ 10,512,847 $ 10,761,086

CONCENTRIX CORPORATION

CONSOLIDATED STATEMENTS OF OPERATIONS

(currency and share amounts in thousands, except per share amounts)

(unaudited)

Three Months Ended Six Months Ended

May 31, 2026 May 31, 2025 % Change May 31, 2026 May 31, 2025 % Change

Revenue

Technology and consumer electronics $ 624,244 $ 662,719 (6) % $ 1,259,333 $ 1,320,411 (5) %

Retail, travel and e-commerce

640,795 583,782 10 % 1,290,158 1,167,680 10 %

Communications and media 392,255 392,963 — % 786,271 763,963 3 %

Banking, financial services and insurance 432,388 384,015 13 % 853,993 749,208 14 %

Healthcare 151,869 176,386 (14) % 330,699 366,191 (10) %

Other 220,922 217,506 2 % 442,410 422,140 5 %

Total revenue $ 2,462,473 $ 2,417,371 2 % $ 4,962,864 $ 4,789,593 4 %

Cost of revenue 1,639,124 1,569,223 4 % 3,289,858 3,085,546 7 %

Gross profit 823,349 848,148 (3) % 1,673,006 1,704,047 (2) %

Selling, general and administrative expenses 727,928 699,803 4 % 1,459,026 1,386,835 5 %

Operating income 95,421 148,345 (36) % 213,980 317,212 (33) %

Interest expense and finance charges, net 68,074 75,406 (10) % 143,391 148,400 (3) %

Other expense (income), net (42,128) 21,218 (299) % (27,617) 16,299 (269) %

Income before income taxes 69,475 51,721 34 % 98,206 152,513 (36) %

Provision for income taxes 14,199 9,628 47 % 21,341 40,163 (47) %

Net income

$ 55,276 $ 42,093 31 % $ 76,865 $ 112,350 (32) %

Earnings per common share:

Basic $ 0.86 $ 0.63 $ 1.20 $ 1.68

Diluted $ 0.86 $ 0.63 $ 1.20 $ 1.68

Weighted-average common shares outstanding:

Basic 60,850 63,355 61,062 63,693

Diluted 60,862 63,406 61,078 63,733

CONCENTRIX CORPORATION

RECONCILIATION OF GAAP TO NON-GAAP MEASURES

(currency and share amounts in thousands, except per share amounts)

(unaudited)

Three Months Ended Six Months Ended

May 31, 2026 May 31, 2026

Revenue $ 2,462,473 $ 4,962,864

Revenue growth, as reported under U.S. GAAP

1.9 % 3.6 %

Foreign exchange impact (1.3) % (2.3) %

Constant currency revenue growth

0.6 % 1.3 %

Three Months Ended Six Months Ended

May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025

Operating income $ 95,421 $ 148,345 $ 213,980 $ 317,212

Acquisition-related, integration and restructuring expenses (1)

65,505 16,808 100,374 34,832

Step-up depreciation

2,701 2,536 5,456 4,912

Amortization of intangibles 102,057 109,158 205,513 214,777

Loss on held for sale 963 — 6,892 —

Share-based compensation 25,367 26,862 54,822 53,462

Non-GAAP operating income $ 292,014 $ 303,709 $ 587,037 $ 625,195

Three Months Ended Six Months Ended

May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025

Net income $ 55,276 $ 42,093 $ 76,865 $ 112,350

Interest expense and finance charges, net 68,074 75,406 143,391 148,400

Provision for income taxes 14,199 9,628 21,341 40,163

Other expense (income), net (42,128) 21,218 (27,617) 16,299

Acquisition-related, integration and restructuring expenses (1)

65,505 16,808 100,374 34,832

Step-up depreciation

2,701 2,536 5,456 4,912

Amortization of intangibles 102,057 109,158 205,513 214,777

Loss on held for sale 963 — 6,892 —

Share-based compensation 25,367 26,862 54,822 53,462

Depreciation (exclusive of step-up depreciation)

55,361 53,615 108,519 106,336

Adjusted EBITDA $ 347,375 $ 357,324 $ 695,556 $ 731,531

Three Months Ended Six Months Ended

May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025

Operating margin 3.9 % 6.1 % 4.3 % 6.6 %

Non-GAAP operating margin 11.9 % 12.6 % 11.8 % 13.1 %

Adjusted EBITDA margin 14.1 % 14.8 % 14.0 % 15.3 %

Three Months Ended Six Months Ended

May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025

Net income $ 55,276 $ 42,093 $ 76,865 $ 112,350

Acquisition-related, integration and restructuring expenses (1)

65,505 16,808 100,374 34,832

Step-up depreciation

2,701 2,536 5,456 4,912

Debt costs (2)

— 1,102 6,268 1,102

Imputed interest related to Sellers’ Note included in interest expense and finance charges, net — 4,503 — 8,689

Legal settlement costs (3)

— 2,000 — 2,000

Change in acquisition contingent consideration included in other expense (income), net

(529) 8,691 (945) 6,667

Foreign currency losses (gains), net (4)

(44,965) 10,789 (32,659) 6,610

Amortization of intangibles 102,057 109,158 205,513 214,777

Loss on held for sale 963 — 6,892 —

Share-based compensation 25,367 26,862 54,822 53,462

Income taxes related to the above (5)

(37,805) (44,931) (85,862) (81,923)

Income tax effect of change in tax law

— — — 4,269

Non-GAAP net income $ 168,570 $ 179,611 $ 336,724 $ 367,747

Three Months Ended Six Months Ended

May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025

Net income $ 55,276 $ 42,093 $ 76,865 $ 112,350

Less: net income allocated to participating securities (6)

(2,745) (2,035) (3,869) (5,448)

Net income attributable to common stockholders $ 52,531 $ 40,058 $ 72,996 $ 106,902

Three Months Ended Six Months Ended

May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025

Non-GAAP net income $ 168,570 $ 179,611 $ 336,724 $ 367,747

Less: Non-GAAP net income allocated to participating securities (7)

(8,371) (8,685) (16,949) (17,831)

Non-GAAP income attributable to common stockholders $ 160,199 $ 170,926 $ 319,775 $ 349,916

Three Months Ended Six Months Ended

May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025

Diluted earnings per common share (“EPS”) (6)

$ 0.86 $ 0.63 $ 1.20 $ 1.68

Acquisition-related, integration and restructuring expenses

1.08 0.27 1.64 0.55

Step-up depreciation 0.04 0.04 0.09 0.08

Debt costs (2)

— 0.02 0.10 0.02

Imputed interest related to Sellers’ Note included in interest expense and finance charges, net — 0.07 — 0.14

Legal settlement costs (3)

— 0.03 — 0.03

Change in acquisition contingent consideration included in other expense (income), net (0.01) 0.14 (0.02) 0.10

Foreign currency losses (gains), net (4)

(0.74) 0.17 (0.53) 0.10

Amortization of intangibles 1.68 1.72 3.36 3.37

Loss on held for sale 0.02 — 0.11 —

Share-based compensation 0.42 0.42 0.90 0.84

Income taxes related to the above (5)

(0.62) (0.71) (1.41) (1.29)

Income tax effect of change in tax law — — — 0.07

Adjustment for participating securities (7)

(0.10) (0.10) (0.20) (0.20)

Non-GAAP Diluted EPS (7)

$ 2.63 $ 2.70 $ 5.24 $ 5.49

Weighted-average number of common shares - diluted 60,862 63,406 61,078 63,733

Three Months Ended Six Months Ended

May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025

Net cash provided by operating activities $ 257,891 $ 236,536 $ 174,671 $ 237,944

Purchases of property and equipment (48,174) (55,792) (102,076) (106,410)

Free cash flow 209,717 180,744 72,595 131,534

Change in outstanding factoring balances

32,607 19,542 25,116 28,936

Adjusted free cash flow $ 242,324 $ 200,286 $ 97,711 $ 160,470

Forecast

Three Months Ending

August 31, 2026 Fiscal Year Ending

November 30, 2026

Low High Low High

Revenue $ 2,465,000 $ 2,490,000 $ 9,925,000 $ 10,025,000

Revenue growth, as reported under U.S. GAAP

(0.75) % 0.25 % 1.00 % 2.00 %

Foreign exchange impact 0.75 % 0.75 % (0.75) % (0.75) %

Constant currency revenue growth

0.0 % 1.0 % 0.25 % 1.25 %

Forecast

Three Months Ending

August 31, 2026 Fiscal Year Ending

November 30, 2026

Low High Low High

Operating income $ 120,900 $ 130,900 $ 508,808 $ 538,808

Amortization of intangibles 102,500 102,500 395,000 395,000

Share-based compensation 23,800 23,800 105,000 105,000

Acquisition-related, integration and restructuring expenses 45,000 45,000 175,000 175,000

Step-up depreciation 2,800 2,800 9,300 9,300

Loss on held for sale — — 6,892 6,892

Non-GAAP operating income $ 295,000 $ 305,000 $ 1,200,000 $ 1,230,000

(1) For the three and six months ended May 31, 2026, acquisition-related, integration and restructuring expenses primarily included restructuring costs associated with our recent cost reduction initiatives, including severance and employee-related costs. Restructuring expenses also included costs associated with facilities consolidation, including lease terminations. For the three and six months ended May 31, 2025, acquisition-related, integration and restructuring costs primarily included integration costs associated with our combination with Webhelp and restructuring expenses. These costs primarily included severance and employee-related costs, costs associated with facilities consolidation, including lease terminations to integrate the businesses, and information technology system consolidation costs.

(2) For the six months ended May 31, 2026, debt costs included debt extinguishment costs associated with our early redemption of $600 million of our senior notes due in August 2026. For the three and six months ended May 31, 2025, debt costs included debt extinguishment costs associated with our restated credit agreement and our voluntary prepayment of a portion of our outstanding term loans.

(3) For the three and six months ended May 31, 2025, legal settlement costs consist of amounts incurred to settle certain litigation arising outside of the ordinary course of business.

(4) Foreign currency losses (gains), net are included in other expense (income), net and primarily consist of gains and losses recognized on the revaluation and settlement of foreign currency transactions and realized and unrealized gains and losses on derivative contracts that do not qualify for hedge accounting.

(5) The tax effect of taxable and deductible non-GAAP adjustments was calculated using the tax-deductible portion of the expenses and applying the entity-specific, statutory tax rates applicable to each item during the respective periods presented.

(6) Diluted EPS is calculated using the two-class method, which is an earnings allocation proportional to the respective ownership among holders of common stock and participating securities. Restricted stock awards and certain restricted stock units granted to employees are considered participating securities. For the purposes of calculating diluted EPS, net income attributable to participating securities was approximately 5.0% and 4.8% of net income, respectively, for the three months ended May 31, 2026 and 2025 and 5.0% and 4.8% of net income, respectively, for the six months ended May 31, 2026 and 2025.

(7) For the purposes of calculating non-GAAP net income attributable to common shareholders and non-GAAP diluted EPS, non-GAAP net income attributable to participating securities was approximately 5.0% and 4.8% of non-GAAP net income, respectively, for the three months ended May 31, 2026 and 2025, and 5.0% and 4.8% of non-GAAP net income, respectively, for the six months ended May 31, 2026 and 2025, and was excluded from non-GAAP net income attributable to common shareholders to calculate non-GAAP diluted EPS.

GRAPHIC

Filename: concentrixlogoa.jpg · Sequence: 6

Binary file (58863 bytes)

Download concentrixlogoa.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 8

v3.26.1

Cover

Jun. 29, 2026

Cover [Abstract]

Document Type

8-K

Document Period End Date

Jun. 29, 2026

Entity Registrant Name

CONCENTRIX CORPORATION

Entity Incorporation, State or Country Code

Entity File Number

001-39494

Entity Tax Identification Number

27-1605762

Entity Address, Address Line One

39899 Balentine Drive

Entity Address, Address Line Two

Suite 235

Entity Address, City or Town

Newark

Entity Address, State or Province

Entity Address, Postal Zip Code

94560

City Area Code

800

Local Phone Number

747-0583

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Title of 12(b) Security

Common Stock, par value $0.0001 per share

Trading Symbol

CNXC

Security Exchange Name

NASDAQ

Entity Emerging Growth Company

false

Entity Central Index Key

0001803599

Amendment Flag

false

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Cover page.

+ References

No definition available.

+ Details

Name:

dei_CoverAbstract

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 2 such as Street or Suite number

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine2

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration