IBEX IBEX Ltd

BULLISH Impact: 8/10 8-K
Horizon weeks Filed May 6, 2026 Processed 1mo ago SEC 0001720420-26-000010
8-K Item 2.02: Earnings release
Latest settled — T+20d
IBEX ▼ -8.30% at T+20d
LONG call ✗ call lost -8.30% · α vs SPY -11.44% · entry $32.76 → $30.04
Next anchor: T+60d in 7w
Last close $30.92 (close Jun 12) · -5.62% from $32.76 entry
Entry anchored
May 6, 2026
via day open
T+1d
-1.31%
call -1.31% · α -2.14%
$32.33
settled 6w ago
T+5d
-7.08%
call -7.08% · α -8.59%
$30.44
settled 5w ago
T+20d
-8.30%
call -8.30% · α -11.44%
$30.04
settled 11d ago
T+60d
call — · α —
in 7w

Price Chart

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Executive Summary

IBEX reported Q3 FY2026 results with revenue of $164.4M (+16.8% YoY) and GAAP diluted EPS of $0.89 (+21.9% YoY), beating consensus estimates of $155.9M and $0.85 respectively. The company raised FY2026 revenue guidance to $638-642M and adjusted EBITDA guidance to $82-84M for the third time this year, and announced a strategic partnership with Sierra AI.

Key Financial Metrics

Guidance
$638M-$642M
raised
Free Cash Flow
$6.6M
Gross Margin
29.7%

Actionable Insight

Third consecutive guidance raise and strong growth across HealthTech (+53.7%) and Technology (+42.6%) indicate sustained momentum. The Sierra AI partnership could accelerate AI-driven deal flow. Watch for execution on capacity expansion and margin trends in Q4.

Key Facts

  • Revenue $164.4M, +16.8% YoY, beat consensus $155.9M by 5.5%
  • GAAP diluted EPS $0.89, +21.9% YoY, beat consensus $0.85 by 4.7%
  • Adjusted diluted EPS $0.91, +10.7% YoY
  • FY2026 revenue guidance raised to $638-642M (previous $620-630M)
  • FY2026 adjusted EBITDA guidance raised to $82-84M (previous $80-82M)
  • Strategic partnership with Sierra AI for AI-powered CX solutions
  • Operating cash flow $11.9M, free cash flow $6.6M

Financial Impact

Revenue beat consensus by ~$8.5M (5.5%), EPS beat by $0.04 (4.7%), guidance raised by ~2.9% at midpoint

revenueepsguidanceadjusted ebitda

Risk Factors

  • Concentration in offshore regions (Philippines, Jamaica) exposes to geopolitical/regulatory risk
  • AI disruption could commoditize traditional BPO services
  • Client concentration and potential insourcing by large clients
  • Capital expenditure increase to $25-30M may pressure near-term FCF

Market Snapshot

Exchange
Nasdaq
Sector
Services-Computer Processing & Data Preparation
Analyst Consensus
0% bullish (7 analysts)

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001720420-26-000010
Document: ibex-20260506.htm0001720420-26-000010
Document: 0001720420-26-000010-index-headers.html0001720420-26-000010
Document: 0001720420-26-000010-index.html0001720420-26-000010
Document: 0001720420-26-000010.txt0001720420-26-000010
8-K Data (Synthetic)0001720420-26-000010
5 reports for IBEX
Performance horizon
Filters
Rows
Reports for IBEX — sortable, filterable
Type Now
May 29, 2026
16d ago
Insider Cluster
NEUTRAL ★ 3/10
$31.64 $30.04▼ −5.06%▼ −4.76%$30.92 (−2.28%)
May 13, 2026
4w ago
8-K
NEUTRAL ★ 4/10
$30.25 $32.05▲ +5.95%▲ +6.67%$30.92 (+2.21%)
May 13, 2026
4w ago
144
NEUTRAL ★ 2/10
$30.44 $31.21▲ +2.53%▲ +2.67%$30.92 (+1.58%)
May 6, 2026
5w ago
8-K
BULLISH ★ 8/10
$32.76 $30.44▼ −7.08%▼ −8.59%$30.92 (−5.62%)
Apr 22, 2026
7w ago
Press Release
NEUTRAL ★ 3/10
$27.77 $27.94▲ +0.61%▼ −0.87%$30.92 (+11.34%)
Showing 5 of 5

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