Concentrix Q1 revenue slightly beats estimates on banking, retail growth

Concentrix

24/03/2026 11:39

Overview

Global tech services provider's fiscal Q1 revenue grew 5.4%, slightly beating analyst expectations

Adjusted EPS for fiscal Q1 missed analyst expectations

Company repurchased 1 mln shares for $42 mln in Q1

Outlook

Concentrix sees Q2 revenue between $2.46 bln and $2.485 bln

Company expects full-year revenue of $10.035 bln to $10.18 bln

Concentrix expects 2026 non-GAAP diluted EPS of $11.48 to $12.07

Result Drivers

AI SOLUTIONS DEMAND - Co said client demand for AI-powered solutions contributed to revenue growth, per CEO Chris Caldwell

SEGMENT MIX - Revenue growth driven by banking, retail, and communications segments, while technology and healthcare declined

RESTRUCTURING COSTS - Co said recent cost reduction initiatives, including severance and facilities consolidation, contributed to higher expenses

Company press release: ID:nGNX9TyLRZ

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$2.50 bln
$2.49 bln (4 Analysts)
Q1 Adjusted EPS
Miss
$2.61
$2.65 (4 Analysts)
Q1 Adjusted Net Income
$168.20 mln
Q1 Adjusted Operating Margin
11.80%


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the business support services peer group is "buy"

Wall Street's median 12-month price target for Concentrix Corp is $57.00, about 72.5% above its March 23 closing price of $33.04

The stock recently traded at 3 times the next 12-month earnings vs. a P/E of 3 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)