Amdocs Q2 profit tops expectations; names new CFO

Amdocs

13/05/2026 21:12

Overview

US communications software provider's Q2 revenue grew 3.9% yr/yr, meeting analyst expectations

Adjusted EPS for Q2 beat analyst expectations

Company announced CFO retirement and internal successor, effective June 1, 2026

Outlook

Amdocs sees Q3 revenue of $1.155-$1.195 bln and non-GAAP EPS of $1.81-$1.87

Company expects FY 2026 revenue growth of 2.6%-4.6% as reported, 2.0%-4.0% constant currency

Amdocs reiterates FY 2026 free cash flow outlook of $710-$730 mln, excluding restructuring payments

Result Drivers

REGIONAL GROWTH - Revenue growth was led by Europe, up 6.2%, and Rest of World, up 8.0%, while North America grew 2.2%

PROJECT DELIVERY - Co cited project delivery milestones for AT&T, Vodafone Germany and other flagship customers as a defining strength in the quarter

OPERATIONAL EXECUTION - Profitability improved year-over-year due to focus on operational excellence and automation, according to CFO Tamar Rapaport-Dagim

Company press release: ID:nACSDLKwva

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Meet
$1.17 bln
$1.17 bln (4 Analysts)
Q2 Adjusted EPS
Beat
$1.78
$1.76 (3 Analysts)
Q2 EPS
$1.28
Q2 Net Income
$138.77 mln
Q2 Free Cash Flow
$80.3 mln
Q2 Revenue Growth
3.90%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the it services & consulting peer group is "buy"

Wall Street's median 12-month price target for Amdocs Ltd is $92.50, about 48.4% above its May 12 closing price of $62.34

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)