Filing Flows › Concentrix (CNXC) › Q1 FY26
Concentrix (CNXC) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Apr 3, 2026
Concentrix (CNXC) reported revenue of $2.5B for the first quarter fiscal 2026 (Q1 FY26), +5% from a year earlier and -2% from the quarter before. Operating margin was 4.7%, net earnings $21.6M (0.9% of revenue).
Concentrix, Q1 FY26: revenue $2.5B (+5% year over year), operating margin 4.7%, net earnings $21.6M, operating cash flow −$83.2M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.5B | -2% | +5% |
| Gross profit | $850M | -3% | -0.7% |
| Operating profit | $119M | — | -30% |
| Net earnings | $21.6M | — | -69% |
| Operating cash flow | −$83.2M | -124% | -6011% |
What changed
Revenue was $2.5B in Q1 FY26, up 5% year over year and down 2% from the previous quarter.
Gross margin was 34.0%, down 2.1 points from Q1 FY25. Operating profit was $0.12B, a 4.7% margin (down 2.4 points year over year). Operating profit fell $0.05B even though revenue rose $0.13B versus Q1 FY25, so costs grew faster than sales. Operating expenses grew 6% against revenue growth of 5%. Net earnings were $0.02B, down 69% year over year. The effective tax rate was 24.9%.
Operating cash flow was −$0.08B. Non-cash charges added back $0.16B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.29B. Capital expenditures of $0.05B exceeded it, leaving free cash flow of −$0.14B.
Questions
What was Concentrix's revenue in the first quarter fiscal 2026?
Concentrix (CNXC) reported revenue of $2.5B for the first quarter fiscal 2026 (Q1 FY26), +5% from a year earlier and -2% from the quarter before.
Was Concentrix profitable in the first quarter fiscal 2026?
Operating profit was $119M (4.7% of revenue) and net earnings $21.6M.
Source: Concentrix 10-Q on SEC EDGAR.