AudioCodes (AUDC) Q2 2026 Earnings Call Transcript
AudioCodes (AUDC) reported Q2 2026 revenue of $63.0 million, up 3.1% year over year, with services revenue of $34.6 million. Management raised 2026 revenue guidance to $251 million to $256 million and reiterated non-GAAP EPS of $0.60 to $0.75. ARR exit rate was $84 million; Voice AI revenue grew 50% YoY.
How this was made
The 30-second read
Why it matters
The most tradable elements are the raised 2026 revenue guidance range, reiterated 2026 non-GAAP EPS range, and recurring revenue indicators (ARR exit rate, backlog, Voice AI growth) that can drive estimate revisions and positioning.
Market read
Guidance raise plus strong recurring revenue and Voice AI growth metrics create a clear catalyst for near-term estimate changes and sentiment around enterprise voice AI and Microsoft Teams-adjacent communications vendors.
What to watch
Customer concentration is high (top 15 customers 55% of revenue) and DSO is 107 days; traders may scrutinize whether ARR exit rate growth translates into sustained collections and margin expansion.
Background
AudioCodes held its Q2 2026 earnings call, emphasizing a transition to software-and-services and AI-driven voice and meeting intelligence solutions integrated with Microsoft Teams.
Ticker impact
AudioCodes reported Q2 revenue of $63M and raised 2026 revenue guidance to $251M-$256M, plus reiterated 2026 non-GAAP EPS of $0.60-$0.75.
Near-term bias higher if investors view the raised guidance and $84M ARR exit rate as durable; downside risk if margins or cash conversion disappoint versus the software-and-services transition narrative.
The article discloses multiple forward-looking datapoints (raised revenue guidance, reiterated EPS range) and recurring revenue indicators (ARR exit rate, Voice AI growth, backlog increase) that directly affect valuation and near-term estimates.
Market effects
Reinforces the UCaaS/CCaaS and voice AI software-and-services shift, potentially supporting sentiment toward companies monetizing recurring managed services and AI orchestration.
No direct regional shock; only a disclosed revenue mix (North America 50%, EMEA 33%, APAC 14%).
Limited broader macro relevance; the key read-through is enterprise communications spending tied to Microsoft Teams and AI contact center deployments.
Counterpoint
The raised guidance could still be achieved with continued mix shift, but investors may discount it if cash flow, DSO, or customer concentration signals rising working-capital risk.
Key entities
- companyAudioCodes Ltd.
Reported Q2 results and raised 2026 revenue guidance; highlighted Live Managed Services and Voice AI growth, ARR exit rate, backlog, and Microsoft Teams traction.
- executiveShabtai Adlersberg
CEO who discussed voice as a preferred medium for interacting with large language models and shortened sales cycles for conversational AI opportunities.
- executiveNiran Baruch
CFO who provided financial metrics including revenue, EPS, cash, operating cash flow, and guidance ranges.
