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Audiocodes (AUDC) Q3 2026 Earnings Report

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AUDC Q3 2026 EPS Results

Actual EPS
$0.16
Consensus EPS
$0.16
Beat/Miss
Met expectations
One Year Ago EPS
$0.17

AUDC Q3 2026 Revenue Results

Actual Revenue
$64.14M
Expected Revenue
$63.40M
Beat/Miss
Beat by +$744.00K
YoY Revenue Growth
+4.22%

Earnings Announcement Details

Quarter
Q3 2026
Date
11/04/2026
Time
Before Open
Conference Call
Wednesday, November 4, 2026
AUDC Upcoming Earnings

Audiocodes's next earnings date is estimated for February 9, 2027, based on past reporting schedules.

Q3 2026 Earnings Call Audio

AUDC Q3 2026 Earnings Call
0:00 / 0:00

Q3 2026 Earnings Slide Deck

Q3 2026 Earnings Call Summary

Q3 2026
Earnings Call Date:Nov 04, 2026|% Change Since:-12.08%|
Earnings Call Sentiment|Positive

The call was broadly positive. Management reported continued growth in services, recurring revenue, VoiceAI, Microsoft-related bookings, and emerging AI businesses, while reaffirming full-year guidance and highlighting multiple customer wins and deployments. These positives outweighed declines in GAAP and non-GAAP operating income and non-GAAP net income, as well as the stated concentration of revenue among major customers and Microsoft.

Company Guidance

AudioCodes reiterated guidance for revenues for 2026 to be in the range of $251 million to $256 million and non GAAP earnings per share of $0.60 to $0.75; VoiceAI is on course for its stated revenue target of $25 million in 2026 and its goal of $50 million by 2028, with VoiceAI kept growing at 40% to 50% year over year; Microsoft revenue remains on course for its stated full year revenue goal of above $170 million, SBC full year revenue is on track to exceed $135 million, and gateway full year revenue is projected to be roughly $50 million.

  • Revenue Growth and Services ExpansionThird-quarter revenue was $64.1 million, up 4.2% from $61.5 million in the third quarter of 2025. Services revenue rose 19.9% year over year to $37.1 million and represented 57.8% of total revenue.
  • Recurring Revenue GrowthLive managed services and VoiceAI applications jointly reached $87 million in annual recurring revenues by the end of the third quarter, up 16% from the prior year. Annual recurring revenue has expanded by almost 90% over the last three years.
  • VoiceAI Growth and TargetsVoiceAI continued growing at 40% to 50% year over year. The company remained on course for its stated VoiceAI revenue target of $25 million in 2026 and its goal of $50 million by 2028.
  • Connectivity and SBC PerformanceConnectivity maintained its leading position in the UCaaS and CCaaS market, while connectivity revenue remained steady. SBC revenue was up 8.2% year to date versus the first three quarters of 2025 and was on track to exceed $135 million for the full year, above the prior record of $131 million in 2024.
  • Gateway Business StabilizationThird-quarter 2026 was the best gateway sales quarter of the year to date, with full-year gateway revenue projected to be roughly $50 million. 2026 was expected to mark the second consecutive year of stability and modest growth following gateway revenue declines in 2023 and 2024.
  • Microsoft Business GrowthMicrosoft accounted for close to 66% of overall business. Third-quarter Microsoft revenue was $43 million, up 4% year over year, while the first nine months of 2026 rose 5.2% year over year to $125 million. The company remained on course for its full-year Microsoft revenue goal of above $170 million.
  • Microsoft Pipeline and Bookings MomentumNewly created Microsoft opportunities reached $90 million, up 9.4% from the prior year. Bookings of new contract value linked to Microsoft Teams Phone activity climbed 61% year over year to more than $20 million, marking the second consecutive record quarter.
  • Live Platform GrowthSeptember monthly recurring revenue for the Live Platform reached $500 thousand, increasing roughly 35% year over year. A new large customer in Asia Pacific helped push Live Platform services to $5.5 million in annualized recurring revenues.
  • VoiceAI Connect Commercial MomentumVoiceAI Connect and Live Hub operations advanced significantly during the third quarter, supported by an accelerating pipeline, new customer wins, and expansion with existing customers. Invoicing revenues grew by close to 40% in the first nine months of 2025, bookings increased 60% in the first nine months of 2026 versus the prior-year period, and new opportunities created were more than 40% higher than in the same period of 2025.
  • Large VoiceAI Connect WinsThe company reported notable wins with large enterprises in North America and Europe, including a major multi-million-dollar, 24-month contract from a very large North American network operator. Deutsche Telekom also selected AudioCodes VoiceAI Connect for its AI-powered mobile Notes service, which provides automatic recording, transcription, and summarization for mobile conversations.
  • Voca CIC Customer WinsVoca CIC added customers in education, financial services, and large enterprises, with revenue growing according to plan. A major U.S. higher education institution selected Voca CIC alongside AudioCodes Live for Teams, a major German insurance company selected it to replace a legacy contact center, and a Fortune 500 global enterprise selected Voca CIC through AT&T.
  • Meeting Insights Cloud GrowthMeeting Insights Cloud Edition recorded 90% year-over-year growth in meeting volume, more than doubled monthly recurring revenue, and achieved 50% year-over-year growth in active users, reaching a new record.
  • MIA Edge and Real-Time Translation DeploymentsA new advanced MIA Edge solution launched in the third quarter brought in 11 new customers across defense, health care, security, infrastructure, and government in Israel. The company also deployed a real-time translation application for asylum seekers with Israel's Population and Immigration Authority, where it is now in full daily use; evaluations were underway at two comparable European authorities.
  • Stable Gross Margin and GAAP Earnings GrowthGAAP gross margin improved to 65.7% from 65.5% in the third quarter of 2025. GAAP net income increased to $3.6 million, or $0.15 per diluted share, from $2.7 million, or $0.10 per diluted share, in the year-ago quarter.
  • Cash Generation and Capital ReturnCash, cash equivalents, short-term bank deposits, short-term market securities, and long-term financial investments totaled $47.1 million at the end of September 2026. Net cash provided by operating activities was $4.1 million. The company declared a semiannual cash dividend of $0.20 per share, totaling approximately $4.8 million, and acquired 1.5 million ordinary shares for approximately $15.1 million during the quarter.
  • Reaffirmed Full-Year GuidanceThe company reiterated 2026 revenue guidance of $251 million to $256 million and non-GAAP earnings-per-share guidance of $0.60 to $0.75.

AUDC Earnings History

AUDC earnings history
Report DateFiscal QuarterForecast / EPSLast Year's EPSEPS YoY ChangePress Release
Feb 09, 20272026 (Q4)0.15-0.16――
Nov 04, 20262026 (Q3)0.160.160.17-5.88% (-0.01)
Aug 04, 20262026 (Q2)0.140.150.147.14% (+0.01)
May 05, 20262026 (Q1)0.160.140.15-6.67% (-0.01)
Feb 03, 20262025 (Q4)0.160.160.37-56.76% (-0.21)
Nov 04, 20252025 (Q3)0.100.170.166.25% (+0.01)
Jul 29, 20252025 (Q2)0.150.140.18-22.22% (-0.04)
May 06, 20252025 (Q1)0.180.150.17-11.76% (-0.02)
Feb 04, 20252024 (Q4)0.230.370.2832.14% (+0.09)
Nov 06, 20242024 (Q3)0.230.160.25-36.00% (-0.09)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat Missed