As the Q2 earnings season wraps, let’s dig into this quarter’s best and worst performers in the business process outsourcing & consulting industry, including Concentrix (NASDAQ: CNXC) and its peers.

The sector stands to benefit from ongoing digital transformation, increasing corporate demand for cost efficiencies, and the growing complexity of regulatory and cybersecurity landscapes. For those that invest wisely, AI and automation capabilities could emerge as competitive advantages, enhancing process efficiencies for the companies themselves as well as their clients. On the flip side, AI could be a headwind as well as the technology could lower the barrier to entry in the space and give rise to more self-service solutions. Additional challenges in the years ahead could include wage inflation for highly skilled consultants and potential regulatory scrutiny on outsourcing practices—especially in industries like finance and healthcare where who has access to certain data matters greatly.

The 8 business process outsourcing & consulting stocks we track reported a satisfactory Q2. As a group, revenues beat analysts’ consensus estimates by 1.6% while next quarter’s revenue guidance was 1.5% below.

In light of this news, share prices of the companies have held steady as they are up 3.9% on average since the latest earnings results.

Weakest Q2: Concentrix (NASDAQ: CNXC)

With a team of approximately 450,000 employees across 75 countries, Concentrix (NASDAQ: CNXC) designs and delivers customer experience solutions that help global brands manage their customer interactions across digital channels and contact centers.

Concentrix reported revenues of $2.46 billion, up 1.9% year on year. This print was in line with analysts’ expectations, but overall, it was a softer quarter for the company with a significant miss of analysts’ EPS guidance for next quarter estimates and full-year revenue guidance slightly missing analysts’ expectations.

“Our second quarter marked an acceleration in many areas in the evolution of our business,” said Chris Caldwell, President and CEO of Concentrix.

Concentrix delivered the weakest guidance update and weakest full-year guidance update in the group. The market seems disappointed with the results as the stock is down 6.7% since reporting and currently trades at $23.54.

Read our full report on Concentrix here, it’s free.

Best Q2: Huron (NASDAQ: HURN)

Founded in 2002 during a time of significant regulatory change in corporate America, Huron Consulting Group (NASDAQ: HURN) is a professional services company that helps organizations develop growth strategies, optimize operations, and implement digital transformation solutions.

Huron reported revenues of $475 million, up 15.4% year on year, outperforming analysts’ expectations by 3.2%. The business had an exceptional quarter with a beat of analysts’ EPS estimates and a solid beat of analysts’ full-year EPS guidance estimates.

Huron delivered the fastest revenue growth and highest full-year guidance raise of the whole group. The market seems happy with the results as the stock is up 22.2% since reporting. It currently trades at $148.29.

Is now the time to buy Huron? Access our full analysis of the earnings results here, it’s free.

FTI Consulting (NYSE: FCN)

With a team of experts deployed across 30+ countries to tackle complex business challenges, FTI Consulting (NYSE: FCN) is a global business advisory firm that helps organizations manage change, mitigate risk, and resolve disputes across financial, legal, operational, and regulatory matters.

FTI Consulting reported revenues of $993.5 million, up 5.3% year on year, in line with analysts’ expectations. It was a slower quarter as it posted a significant miss of analysts’ EPS estimates and full-year revenue guidance meeting analysts’ expectations.

As expected, the stock is down 12.1% since the results and currently trades at $149.87.

Read our full analysis of FTI Consulting’s results here.

Genpact (NYSE: G)

Originally spun off from General Electric in 2005 to provide business process services, Genpact (NYSE: G) is a global professional services firm that helps businesses transform their operations through digital technology, AI, and data analytics solutions.

Genpact reported revenues of $1.34 billion, up 7.1% year on year. This number surpassed analysts’ expectations by 0.8%. Taking a step back, it was a mixed quarter as it also recorded a beat of analysts’ EPS estimates but revenue guidance for next quarter meeting analysts’ expectations.

Genpact scored the highest guidance raise among its peers. The stock is down 6.8% since reporting and currently trades at $33.70.

Read our full, actionable report on Genpact here, it’s free.

CRA (NASDAQ: CRAI)

Often retained for high-stakes matters with multibillion-dollar implications, CRA International (NASDAQ: CRAI) provides economic, financial, and management consulting services to corporations, law firms, and government agencies for litigation, regulatory proceedings, and business strategy.

CRA reported revenues of $210.8 million, up 12.8% year on year. This result beat analysts’ expectations by 6%. Overall, it was a very strong quarter as it also put up a narrow beat of analysts’ EPS estimates.

CRA delivered the biggest analyst estimate beat in the group. The stock is down 7% since reporting and currently trades at $164.21.

Read our full, actionable report on CRA here, it’s free.

Market Update

Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership.

Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products.

By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals.

Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.