AudioCodes Ltd. (AUDC) Earnings
AudioCodes Ltd. is expected to report next earnings on August 4, 2026 (in NaN days), with a consensus EPS estimate of $0.14. AUDC has beaten EPS estimates in 4 of its last 12 reported quarters (average surprise +11.3% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 5, 2026 | $0.16 | $0.14 | -12.5% | $62M | +1.0% |
| Feb 3, 2026 | $0.16 | $0.16 | +0.0% | $63M | +1.8% |
| Nov 4, 2025 | $0.10 | $0.17 | +75.2% | $62M | -0.7% |
| Jul 29, 2025 | $0.17 | $0.14 | -17.6% | $61M | +0.7% |
| Feb 4, 2025 | $0.22 | $0.37 | +68.2% | $62M | +0.5% |
| Nov 2, 2023 | $0.18 | $0.25 | +38.9% | $62M | +0.1% |
| Aug 1, 2023 | $0.09 | $0.16 | +77.8% | $60M | -0.6% |
| Feb 7, 2023 | $0.39 | $0.36 | -7.7% | $71M | -2.2% |
| Nov 2, 2022 | $0.35 | $0.32 | -8.6% | $70M | -1.0% |
| Aug 2, 2022 | $0.34 | $0.34 | +0.0% | $68M | -0.1% |
| May 2, 2022 | $0.36 | $0.33 | -8.3% | $66M | +0.1% |
| Feb 1, 2022 | $0.39 | $0.39 | +0.0% | $66M | +0.8% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 5, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Solid first quarter results with top-line growth accelerated by live managed services and voice AI. Combined, these two units contributed to 80 million annual recurring revenue exit first quarter 26, growing nearly 20% year over year. - Reallocated and increased investments in voice AI in R&D and sales and marketing to scale channel presence and cross-sell value-added services. - Enterprise revenues over 90% of core, with Microsoft business up 6% driven by live business, connectivity franchise, and increasing attach rate of Voca CIC. - Voice AI business grew about 50% in first quarter, with target of 40 - 50% growth in 2026 and reaching ~80 million by 2028. - Live platform signed multi-year agreement with existing customer, and recognized bookings for migration of 20,000 users to on-premise Live Pro platform. - Conversational AI business: VoiceAI Connect and LiveHub had strong momentum with notable wins, VOCA CIC had record invoicing, Meeting Insights Cloud Edition maintained strong momentum, MIA-OP saw pickup in business opportunities in Israel and international markets. - Workforce increased to 1,000 full-time employees, up 2% from previous quarter.
Guidance
Reiterates guidance for revenues in 2026 to be in the range of $247 million to $255 million and non-GAAP earnings per diluted share of $0.60 to $0.75.
Segment performance
Revenues for the first quarter were $62.1 million, an increase of 2.9% over the first quarter of last year. Services revenues were $34 million, up 4.3% year-over-year, accounting for 54.7% of total revenues. Geographically, North America was 49%, EMEA 34%, Asia Pacific 13%, and Central and Latin America 4%. Top 15 customers accounted for 53% of revenues, with 34% from eight largest distributors. GAAP gross margin was 66.2% vs. 64.8% in Q1 2025. Operating income was $3.4 million (5.4% of revenues) vs. $3.6 million (6% of revenues) in Q1 2025. Net income was $2 million (7 cents per diluted share) vs. $4 million (13 cents per diluted share) in Q1 2025. Non-GAAP gross margin was 66.3% vs. 65.2% in Q1 2025. Non-GAAP operating income was $4.8 million (7.7% of revenues) vs. $5.4 million (8.9% of revenues) in Q1 2025. Non-GAAP net income was $3.8 million (14 cents per diluted share) vs. $4.7 million (15 cents per diluted share) in Q1 2025. Cash, cash equivalents, etc., totaled $68.1 million at end of March 2026. Net cash provided by operating activities was $12.8 million. Day sales outstanding was 104 days. Dividend of $0.20 per share was paid. Acquired $1.7 million of ordinary shares. Connectivity business sustained well, conversational AI business grew over 50% and accounted for ~8% of revenue. Enterprise revenues over 90% of core, Microsoft business up 6%. Services grew 4.3% and accounted for 55% of total revenues. Backlog at $79 million, up from $67 million year-ago.
Risks & headwinds
- Effect of global economic conditions, audio codes industry and target markets, including governmental undertakings, shifts in supply and demand, market acceptance of new products. - Impact of competitive products and pricing, timely product and technology development upgrades, advent of artificial intelligence. - Possible need for additional financing, ability to satisfy covenants and financing agreements, impacts and disruptions from acquisitions. - Possible adverse impacts from pandemic or public health crisis, effects of hostilities involving Israel, disruption in operations by military service obligations.
Analyst Q&A
Q: (not specified as no specific questions shown),
A: (no specific answers shown as no questions were detailed)