← Concentrix overview

Concentrix vs BigBearai: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Concentrix Corporation (CNXC)

Q3 2026
▼2▲1

Concentrix: AI transition cuts revenue, but new AI-era work and cash flow hold up

  • AI is both shrinking old work and building new work Concentrix says AI automation is reducing billable call-center work, and two big tech clients are ending some support sooner than planned, pushing fourth-quarter revenue down 3% to 5%. But half of revenue now comes from work won in the past three years, growing about 30% at better margins.

    This is the core force behind the revenue decline and the offsetting new-business growth.

  • Q3 results and weak guidance knocked the stock down Third-quarter revenue of $2.45 billion missed expectations, and the fourth-quarter revenue forecast also came in below estimates. Shares fell about 9.5% and then 7.5% on the news, leaving the stock down roughly 40% for the year.

    It explains the sharp negative price reaction this period.

  • $1.05 billion accounting charge and heavy debt spook investors Concentrix recorded a $1.05 billion non-cash goodwill write-down, producing a $988 million reported loss, because its market value fell below what it paid for past acquisitions. Net debt is about $4.1 billion, with $375 million of loans due in December.

    The impairment and debt load are the main reasons the stock trades at a very low earnings multiple.

  • Profit, cash flow and dividend still grew Underlying profit beat guidance: adjusted operating margin rose to 12.6%, adjusted earnings per share rose 5% to $2.92, and free cash flow hit a record for a third quarter. The dividend was raised to $0.37, and full-year free cash flow is guided to about $630-650 million.

    It is the real counterweight showing the business still generates cash despite the headline loss.

August 2026
▼2▲1

Concentrix: AI transition cuts revenue, but new AI-era work and cash flow hold up

  • AI is both shrinking old work and building new work Concentrix says AI automation is reducing billable call-center work, and two big tech clients are ending some support sooner than planned, pushing fourth-quarter revenue down 3% to 5%. But half of revenue now comes from work won in the past three years, growing about 30% at better margins.

    This is the core force behind the revenue decline and the offsetting new-business growth.

  • Q3 results and weak guidance knocked the stock down Third-quarter revenue of $2.45 billion missed expectations, and the fourth-quarter revenue forecast also came in below estimates. Shares fell about 9.5% and then 7.5% on the news, leaving the stock down roughly 40% for the year.

    It explains the sharp negative price reaction this period.

  • $1.05 billion accounting charge and heavy debt spook investors Concentrix recorded a $1.05 billion non-cash goodwill write-down, producing a $988 million reported loss, because its market value fell below what it paid for past acquisitions. Net debt is about $4.1 billion, with $375 million of loans due in December.

    The impairment and debt load are the main reasons the stock trades at a very low earnings multiple.

  • Profit, cash flow and dividend still grew Underlying profit beat guidance: adjusted operating margin rose to 12.6%, adjusted earnings per share rose 5% to $2.92, and free cash flow hit a record for a third quarter. The dividend was raised to $0.37, and full-year free cash flow is guided to about $630-650 million.

    It is the real counterweight showing the business still generates cash despite the headline loss.

Latest
▼2▲1

Concentrix: AI transition cuts revenue, but new AI-era work and cash flow hold up

  • AI is both shrinking old work and building new work Concentrix says AI automation is reducing billable call-center work, and two big tech clients are ending some support sooner than planned, pushing fourth-quarter revenue down 3% to 5%. But half of revenue now comes from work won in the past three years, growing about 30% at better margins.

    This is the core force behind the revenue decline and the offsetting new-business growth.

  • Q3 results and weak guidance knocked the stock down Third-quarter revenue of $2.45 billion missed expectations, and the fourth-quarter revenue forecast also came in below estimates. Shares fell about 9.5% and then 7.5% on the news, leaving the stock down roughly 40% for the year.

    It explains the sharp negative price reaction this period.

  • $1.05 billion accounting charge and heavy debt spook investors Concentrix recorded a $1.05 billion non-cash goodwill write-down, producing a $988 million reported loss, because its market value fell below what it paid for past acquisitions. Net debt is about $4.1 billion, with $375 million of loans due in December.

    The impairment and debt load are the main reasons the stock trades at a very low earnings multiple.

  • Profit, cash flow and dividend still grew Underlying profit beat guidance: adjusted operating margin rose to 12.6%, adjusted earnings per share rose 5% to $2.92, and free cash flow hit a record for a third quarter. The dividend was raised to $0.37, and full-year free cash flow is guided to about $630-650 million.

    It is the real counterweight showing the business still generates cash despite the headline loss.

BigBearai Holdings Inc (BBAI)

Q3 2026
▲3▼1

BigBear.ai's Q2: Stronger Sales, Wider Losses, and a Push Into Global Trade

  • Revenue growth and margin jump BigBear.ai's second-quarter revenue rose 13% to $36.7 million, and gross margin jumped to 32.8% from 24.9% a year earlier. That means the company keeps more profit from each sale, a sign its AI products are becoming more valuable. This supports the stock because it shows the core business is improving.

    This is the main positive force behind the stock: faster sales and much better gross margin.

  • New contracts and record backlog BigBear.ai won more than 20 new contracts in the quarter, each worth up to $5 million, and its backlog — work already booked but not yet paid — rose to about $270 million. A growing backlog gives more visibility into future revenue, which investors like because it reduces uncertainty.

    Contract wins and backlog growth are the clearest evidence of future demand, a key reason the stock can move up.

  • Global trade push with CargoSeer CargoSeer, BigBear.ai's cargo-scanning AI, signed a five-year commercial deal in El Salvador after a successful pilot. It is the company's first deployment in Central America, and other customs agencies are showing interest. This opens a new commercial market beyond defense, which could add revenue and reduce reliance on government contracts.

    This is a new growth avenue that expands the company's addressable market and is a fresh positive catalyst.

  • Losses widen as spending rises Even with better gross margin, BigBear.ai's adjusted EBITDA loss widened to $11.6 million from $8.5 million a year earlier, because it is spending more on sales, marketing, and research. The company is not yet profitable, and analysts expect a wider loss for 2026. That is a real counterweight that can hold the stock back.

    It is the main negative force: the company still loses money and is spending heavily to grow.

September 2026
▲3▼1

BigBear.ai's Q2: Stronger Sales, Wider Losses, and a Push Into Global Trade

  • Revenue growth and margin jump BigBear.ai's second-quarter revenue rose 13% to $36.7 million, and gross margin jumped to 32.8% from 24.9% a year earlier. That means the company keeps more profit from each sale, a sign its AI products are becoming more valuable. This supports the stock because it shows the core business is improving.

    This is the main positive force behind the stock: faster sales and much better gross margin.

  • New contracts and record backlog BigBear.ai won more than 20 new contracts in the quarter, each worth up to $5 million, and its backlog — work already booked but not yet paid — rose to about $270 million. A growing backlog gives more visibility into future revenue, which investors like because it reduces uncertainty.

    Contract wins and backlog growth are the clearest evidence of future demand, a key reason the stock can move up.

  • Global trade push with CargoSeer CargoSeer, BigBear.ai's cargo-scanning AI, signed a five-year commercial deal in El Salvador after a successful pilot. It is the company's first deployment in Central America, and other customs agencies are showing interest. This opens a new commercial market beyond defense, which could add revenue and reduce reliance on government contracts.

    This is a new growth avenue that expands the company's addressable market and is a fresh positive catalyst.

  • Losses widen as spending rises Even with better gross margin, BigBear.ai's adjusted EBITDA loss widened to $11.6 million from $8.5 million a year earlier, because it is spending more on sales, marketing, and research. The company is not yet profitable, and analysts expect a wider loss for 2026. That is a real counterweight that can hold the stock back.

    It is the main negative force: the company still loses money and is spending heavily to grow.

Latest
▲3▼1

BigBear.ai's Q2: Stronger Sales, Wider Losses, and a Push Into Global Trade

  • Revenue growth and margin jump BigBear.ai's second-quarter revenue rose 13% to $36.7 million, and gross margin jumped to 32.8% from 24.9% a year earlier. That means the company keeps more profit from each sale, a sign its AI products are becoming more valuable. This supports the stock because it shows the core business is improving.

    This is the main positive force behind the stock: faster sales and much better gross margin.

  • New contracts and record backlog BigBear.ai won more than 20 new contracts in the quarter, each worth up to $5 million, and its backlog — work already booked but not yet paid — rose to about $270 million. A growing backlog gives more visibility into future revenue, which investors like because it reduces uncertainty.

    Contract wins and backlog growth are the clearest evidence of future demand, a key reason the stock can move up.

  • Global trade push with CargoSeer CargoSeer, BigBear.ai's cargo-scanning AI, signed a five-year commercial deal in El Salvador after a successful pilot. It is the company's first deployment in Central America, and other customs agencies are showing interest. This opens a new commercial market beyond defense, which could add revenue and reduce reliance on government contracts.

    This is a new growth avenue that expands the company's addressable market and is a fresh positive catalyst.

  • Losses widen as spending rises Even with better gross margin, BigBear.ai's adjusted EBITDA loss widened to $11.6 million from $8.5 million a year earlier, because it is spending more on sales, marketing, and research. The company is not yet profitable, and analysts expect a wider loss for 2026. That is a real counterweight that can hold the stock back.

    It is the main negative force: the company still loses money and is spending heavily to grow.