Amdocs posts fiscal 2026 results and guides to steep fiscal 2027 revenue decline
Amdocs reported fiscal fourth-quarter revenue of $1,194 million, up 3.8% as reported, and non-GAAP diluted EPS of $1.98 for the quarter ended September 30, 2026. Fiscal 2027 revenue guidance calls for a 14.3%-17.9% year-over-year decline as reported, or a 7%-11% pro forma constant-currency decline. The company attributed the conservative outlook partly to contract disputes with T-Mobile, while announcing an eight-year AT&T agreement, additional aOS deals and the acquisition of EIS to enter insurance.
Why it matters
The guidance points to materially lower near-term revenue and creates uncertainty around Amdocs' T-Mobile agreements, which each party has threatened to terminate or litigate. Amdocs says its aOS strategy and insurance expansion are intended to support longer-term growth, but those benefits do not offset the fiscal 2027 outlook mechanically.
Key facts
- 1Fourth-quarter revenue was $1,194 million, up 3.8% as reported and up 4.0% in constant currency, while non-GAAP diluted EPS was $1.98. stocktitan.net
- 2Fiscal 2026 revenue was $4,697 million, up 3.6% as reported and up 3.0% in constant currency. stocktitan.net
- 3Fiscal 2027 revenue guidance is a 14.3%-17.9% year-over-year decline as reported and a 7%-11% pro forma constant-currency decline. finanznachrichten.de
- 4Amdocs and T-Mobile issued reciprocal notices alleging material breaches and threatening termination of agreements or monetary and other relief, including arbitration. stocktitan.net
- 5Amdocs announced an eight-year strategic aOS agreement with AT&T and acquired EIS for $340 million to enter the insurance industry. investing.com
Open questions
- Reports give different fourth-quarter year-over-year revenue growth figures of 3.5% and 3.8%, without reconciling the difference.
- Reports give different post-earnings share declines of 40.3%, 42.65% and 44%, with no consistent measurement time specified.
Summary written by AlphAI AI Desk from 12 of 12 sources. Not investment advice. Figures are as stated by the linked sources.