Update: Concentrix Shares Fall Pre-Bell Amid Lower Fiscal Q3 Revenue, Lower Fiscal 2026 Revenue

04:29 AM EDT, 09/30/2026 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph.) Concentrix (CNXC) shares fell nearly 10% in Wednesday's premarket activity after the technology and services company reported a year-over-year decline in fiscal Q3 revenue and cut its fiscal-year sales forecast overnight. The company reported fiscal Q3 non-GAAP net income late Tuesday of $2.92 per diluted share, up from $2.78 a year earlier. Four analysts polled by FactSet expected $2.71. Revenue for the quarter ended August 31 was $2.45 billion, down from $2.48 billion a year earlier. Four analysts expected $2.48 billion. Concentrix expects fiscal Q4 non-GAAP EPS of $2.86 to $2.98 on revenue of $2.41 billion to $2.46 billion. Analysts expect $3.05 and $2.52 billion, respectively. The company now expects fiscal 2026 adjusted EPS of $10.97 to $11.09 on revenue of $9.83 billion to $9.88 billion. It previously projected adjusted EPS of $10.83 to $11.18 on revenue of $9.93 billion to $10.03 billion. Four analysts expect EPS of $10.97 on revenue of $9.96 billion. The company raised its quarterly dividend to $0.37 a share from $0.36, payable Nov. 3 to stockholders of record Oct. 23. Price: 22.40, Change: -2.48, Percent Change: -9.97