Concentrix shares fall after $1.05 billion impairment charge

• Concentrix Corporation (NASDAQ:CNXC) shares fell 11.5% premarket after the company reported a $1.05 billion non-cash goodwill impairment charge.
• The company reported a third-quarter 2026 net loss of $16.24 per share, while revenue reached $2.45 billion and adjusted EPS came in at $2.92.
• Concentrix said the impairment charge affected reported results, while adjusted earnings remained above analyst estimates.

Concentrix Corporation (NASDAQ:CNXC) shares declined 11.5% premarket to $22.02 after the technology and services company reported a third-quarter 2026 loss following a $1.05 billion non-cash goodwill impairment charge.

The company reported revenue of $2.45 billion in the quarter, slightly below analyst estimates of $2.48 billion, while adjusted earnings per share of $2.92 exceeded expectations of $2.71, according to LSEG data.

The goodwill impairment charge resulted in a reported loss of $16.24 per share for the quarter, while the company’s valuation declined to 2.23 times expected earnings over the next 12 months compared with an industry median of 13.72 times, according to LSEG data.

Following the announcement, Concentrix Corporation's share price was down 11.5% premarket at $22.02.

Concentrix provides customer experience, technology and business services for companies globally, operating across digital transformation, customer support and business process outsourcing markets.

As of the previous close, Concentrix shares were down 40.16% year to date, while LSEG data showed three of six brokerages rated the stock "buy" or higher and three rated it "hold," with a median price target of $30.