EarningsQ3 2026 Earnings Report
MX:DOXN Q3 2026 EPS Results
Actual EPS$33.45
Consensus EPS$33.48
Beat/MissMissed by -$0.04
One Year Ago EPS$31.27
MX:DOXN Q3 2026 Revenue Results
Actual Revenue$21.35B
Expected Revenue$21.36B
Beat/MissMissed by -$12.03M
YoY Revenue Growth+2.63%
Earnings Announcement Details
QuarterQ3 2026
Date08/05/2026
TimeAfter Close
Conference CallWednesday, August 5, 2026
MX:DOXN Upcoming Earnings
Amdocs's next earnings date is estimated for November 17, 2026, based on past reporting schedules.
Q3 2026 Earnings Call Audio
MX:DOXN Q3 2026 Earnings Call
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Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a generally positive operational and strategic picture: revenue growth, margin improvement, record Managed Services performance, strong free cash flow generation and a major flagship 10-year Liberty Latin America aOS deal provide clear upside. Near-term headwinds include a material restructuring charge that depressed GAAP EPS, elevated receivables/DSO and some sequential backlog fluctuation, plus macro and Gen AI cost uncertainties and variable customer adoption timing for aOS. Overall, the positive financial results, strong cash generation, reiterated guidance and significant strategic momentum around aOS and Agentic initiatives outweigh the near-term lowlights.Company Guidance
Solid Revenue and EPS Performance
Q3 revenue of $1.175 billion, up 2.7% year-over-year (2.2% in constant currency). Non-GAAP diluted EPS of $1.84, in line with the midpoint of guidance. Company reiterated full fiscal 2026 midpoint outlook (revenue growth ~3% constant currency; non-GAAP EPS growth ~6% midpoint).
Improved Profitability Metrics
Non-GAAP operating margin of 21.6%, up 20 basis points year-over-year and 10 basis points sequentially, reflecting efficiency gains while investing in Agentic initiatives.
Record Managed Services Quarter
Managed Services delivered record Q3 revenue of $791 million, representing ~67% of total revenue and up 2.5% year-over-year. Renewal rates remain consistently high and Managed Services continues to be a revenue driver.
Strong Free Cash Flow and Conversion
Generated free cash flow of $193 million in Q3 before restructuring payments. On track to generate roughly $710–$730 million free cash flow for fiscal 2026 (midpoint ~ $720M) with free cash flow conversion of roughly 90% relative to expected non-GAAP net income; nearly 75% of the fiscal target achieved year-to-date.
Backlog Growth and Commercial Momentum
12-month backlog of $4.26 billion, up 2.7% year-over-year (despite a $20 million sequential decline). Continued sales momentum with wins and expansions at major providers including Lumen, TELUS, Telefonica Vivo (Brazil), PLDT, Optage (Japan), and renewals/expansions in multiple regions.
Strategic aOS Launch and Flagship Deal
Introduced a 4-pillar growth strategy centered on aOS (Amdocs Agentic Telco Operating System). Secured a 10-year, large-scale strategic engagement with Liberty Latin America to manage and transform its entire IT ecosystem using aOS — characterized as a flagship proof point. Additional aOS adoption in production at AT&T Cricket, Lumen, EchoStar, Bell, PLDT and initial aOS deals with Verizon, TELUS, Sunrise Switzerland, Swiss Scandinavia and a Tier-1 Asia provider.
Operational Execution and Delivery Milestones
Completed key program milestones: progress on large T-Mobile U.S. integration project (on schedule), completed billing/charging/catalog transformation for A1 Austria, and completed cloud-native 5G network policy modernization at Globe (Philippines).
Prudent Capital Allocation and Liquidity
Repurchased $143 million of shares in the quarter (remaining repurchase authority $560 million) and paid $60 million in dividends. Cash balance ~ $206 million with aggregate borrowings ~ $930 million and $520 million available on the revolving credit facility, providing liquidity for operations and strategic investments.
MX:DOXN Earnings History
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