Concentrix Corp. (NASDAQ: CNXC) saw its stock price plummet 16.80% during intraday trading on Tuesday. The sharp decline followed the company's release of its fiscal first-quarter 2026 financial results before the market opened.

The customer-experience solutions provider reported adjusted earnings per share of $2.61, which missed the analyst consensus estimate of $2.65. While quarterly revenue of $2.50 billion slightly exceeded expectations, net income fell 69.3% year-over-year to $21.6 million.

Investor sentiment was further dampened by the company's second-quarter outlook. Concentrix guided for adjusted EPS between $2.57 and $2.69, the midpoint of which is below analyst forecasts. The revenue guidance for the current quarter also came in slightly below consensus estimates, signaling potential challenges ahead.