NASDAQ$DOX
Amdocs Ltd · Q2 2026 earnings
Q2 2026 earnings · · After market close · Investor relations
Briefing
Amdocs grew fiscal Q2 revenue 3.9% to $1.17B with non-GAAP EPS of $1.78 as managed services reached 65% of sales.
Amdocs Limited reported fiscal Q2 2026 revenue of $1.17 billion, up 3.9% as reported and 2.2% in constant currency, above the midpoint of guidance. GAAP diluted EPS was $1.28 and non-GAAP diluted EPS was $1.78. Managed services revenue of $759 million represented approximately 65% of total revenue. The company announced CFO Tamar Rapaport-Dagim will retire after 22 years, with Tal Rozenfeld appointed CFO effective June 1, 2026. Twelve-month backlog rose to $4.28 billion (+2.6% YoY) and the company repurchased $138 million of shares.
- Revenue $1,172M (+3.9% YoY reported, +2.2% constant currency), above $1,150–1,190M guidance.
- GAAP EPS $1.28 and non-GAAP EPS $1.78; GAAP operating income $183M (15.6% margin).
- North America revenue $754M (+2.2%); Europe record $192M (+6.2%); Rest of World $226M (+8.0%).
- Free cash flow $80M; reiterates FY2026 FCF outlook of $710–730M excluding restructuring.
- CFO succession: Tamar Rapaport-Dagim retiring; Tal Rozenfeld named CFO effective June 1, 2026.
Headline financials
Revenue & EPS history
Amdocs · Revenue · Quarterly
$1.17B
Revenue by segment
Amdocs · $718M total across 1 segment · Q4 2023
- Managed Services$718M+0.5%100.0%
Forward guidance
Q3 FY2026 revenue guided at $1,155–1,195M with non-GAAP EPS $1.81–1.87. Full-year FY2026 revenue growth 2.6–4.6% as reported (2.0–4.0% constant currency) and non-GAAP EPS growth 5.0–7.0%; FCF $710–730M.
Tailwinds
- Reiterates midpoint of constant-currency revenue growth outlook
- Initial commercial engagements for aOS agentic operating system
- Healthy free cash flow with >100% returned via buybacks and dividends
Headwinds
- GAAP operating margin down 190 bps YoY on leadership transition costs
- Monitoring macro uncertainty and customer spending behavior
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2026
+0.6%
Avg return
Earnings day
+0.4%
Avg return
5 days after
+1.0%
Avg return
30 days after
58%
41 / 71 earnings
Positive
+13.3%
Q2 2019
Best reaction
-7.8%
Q4 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +1.8% | +1.2% | — | |
| Q1 2026 | +3.1% | -1.5% | -5.2% | |
| Q3 2025 | +5.1% | +2.2% | +1.7% | |
| Q2 2025 | +3.7% | +2.0% | +3.3% | |
| Q1 2025 | +1.5% | -1.2% | +4.1% | |
| Q4 2024 | -5.5% | -9.6% | -4.8% | |
| Q3 2024 | +1.9% | -0.6% | +3.1% | |
| Q2 2024 | -3.9% | -1.2% | -10.1% | |
| Q1 2024 | -1.4% | -2.7% | +1.4% | |
| Q4 2023 | -5.0% | -3.5% | +2.3% | |
| Q3 2023 | -5.6% | -5.2% | -4.6% | |
| Q2 2023 | +0.5% | +2.5% | +6.2% | |
| Q1 2023 | +6.4% | +1.8% | +0.6% | |
| Q4 2022 | +0.9% | +2.1% | +9.7% | |
| Q3 2022 | +2.2% | +1.6% | -2.2% | |
| Q2 2022 | +6.4% | +6.9% | +5.0% | |
| Q1 2022 | +2.8% | +1.7% | +6.2% | |
| Q4 2021 | -5.1% | -3.1% | -9.7% | |
| Q3 2021 | -0.3% | -0.9% | +2.6% | |
| Q2 2021 | +1.1% | +4.4% | +8.1% | |
| Q1 2021 | +3.3% | +3.5% | +5.3% | |
| Q4 2020 | +4.6% | +5.6% | +9.4% | |
| Q3 2020 | -0.3% | +0.6% | -5.3% | |
| Q2 2020 | -0.5% | -2.4% | -0.7% | |
| Q1 2020 | +4.8% | +1.7% | -9.5% | |
| Q4 2019 | +1.9% | +2.5% | +4.7% | |
| Q3 2019 | +4.3% | +3.5% | +6.8% | |
| Q2 2019 | +13.3% | +14.0% | +14.1% | |
| Q1 2019 | -1.9% | -1.4% | -3.6% | |
| Q4 2018 | +3.8% | +3.1% | -6.3% | |
| Q3 2018 | -2.3% | -4.8% | -3.2% | |
| Q2 2018 | -2.4% | -3.1% | +1.7% | |
| Q1 2018 | -1.8% | -3.1% | -6.4% | |
| Q4 2017 | -1.5% | -0.7% | +3.5% | |
| Q3 2017 | -2.0% | -2.4% | -3.9% | |
| Q2 2017 | +2.5% | +1.9% | +5.1% | |
| Q1 2017 | +0.8% | +0.5% | +5.0% | |
| Q4 2016 | -3.7% | -0.5% | +1.1% | |
| Q3 2016 | -0.8% | +0.1% | +2.3% | |
| Q2 2016 | -1.7% | — | — | |
| Q1 2016 | +0.4% | — | — | |
| Q4 2015 | -7.8% | — | — | |
| Q3 2015 | +4.7% | — | — | |
| Q2 2015 | -0.6% | — | — | |
| Q1 2015 | -0.2% | — | — | |
| Q4 2014 | +1.4% | — | — | |
| Q3 2014 | -3.1% | — | — | |
| Q2 2014 | +2.5% | — | — | |
| Q1 2014 | +3.7% | — | — | |
| Q4 2013 | +3.0% | — | — | |
| Q3 2013 | +1.2% | — | — | |
| Q2 2013 | +1.5% | — | — | |
| Q1 2013 | -0.9% | — | — | |
| Q2 2012 | +1.1% | — | — | |
| Q1 2012 | +1.1% | — | — | |
| Q4 2012 | +0.6% | — | — | |
| Q3 2012 | +1.8% | — | — | |
| Q4 2011 | -0.1% | — | — | |
| Q3 2011 | -0.1% | — | — | |
| Q2 2011 | -0.1% | — | — | |
| Q1 2011 | -0.1% | — | — | |
| Q2 2009 | +0.4% | — | — | |
| Q1 2009 | +0.4% | — | — | |
| Q4 2010 | +0.4% | — | — | |
| Q3 2010 | +0.4% | — | — | |
| Q2 2010 | +0.4% | — | — | |
| Q1 2010 | +0.4% | — | — | |
| Q3 2009 | +0.4% | — | — | |
| Q4 2008 | -1.1% | — | — | |
| Q4 2009 | -1.1% | — | — | |
| Q4 2007 | -1.1% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro