AudioCodes (NASDAQ:AUDC) Releases Quarterly Earnings Results, Misses Expectations By $0.04 EPS

AudioCodes (NASDAQ:AUDC) announced its quarterly earnings results on Tuesday. The communications equipment provider reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04), Zacks reports. AudioCodes had a net margin of 2.79% and a return on equity of 6.33%.

Here are the key takeaways from AudioCodes’ conference call:

• Revenue guidance was raised to $251 million–$256 million for 2026, while non-GAAP diluted EPS guidance was reiterated at $0.60–$0.75.
• Annual recurring revenue from Live managed services and VoiceAI reached $84 million at the end of Q2, up 20% year over year and double its level three years ago; backlog also rose 23% to nearly $90 million.
• VoiceAI revenue grew more than 50% year over year in the quarter and nearly doubled in the first half, keeping AudioCodes on track for 40%–50% full-year growth as enterprise virtual-agent and agent-assist deployments expand.
• Microsoft Teams activity remained healthy, with Q2 revenue up 5%, new opportunities up 14%, and signed opportunity value up 73% to more than $20 million; the company also highlighted new Microsoft certifications for its Voca CIC contact-center and AI voice-agent offerings.
• AudioCodes returned capital to shareholders through approximately $8.9 million of share repurchases during the quarter and declared a $0.20-per-share dividend totaling about $4.8 million.

AudioCodes Stock Performance

NASDAQ AUDC opened at $10.52 on Tuesday. The company has a market capitalization of $267.84 million, a price-to-earnings ratio of 42.06 and a beta of 0.96. The company’s 50-day simple moving average is $9.61 and its two-hundred day simple moving average is $8.77. AudioCodes has a one year low of $6.95 and a one year high of $10.47.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded AudioCodes from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 27th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Hedge Funds Weigh In On AudioCodes

Hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. bought a new position in AudioCodes in the second quarter worth about $43,000. Jane Street Group LLC grew its position in shares of AudioCodes by 14.2% in the 1st quarter. Jane Street Group LLC now owns 47,624 shares of the communications equipment provider’s stock worth $449,000 after buying an additional 5,938 shares during the last quarter. Engineers Gate Manager LP grew its position in shares of AudioCodes by 29.4% in the 4th quarter. Engineers Gate Manager LP now owns 26,871 shares of the communications equipment provider’s stock worth $235,000 after buying an additional 6,098 shares during the last quarter. Jump Financial LLC raised its stake in shares of AudioCodes by 24.0% during the 4th quarter. Jump Financial LLC now owns 34,955 shares of the communications equipment provider’s stock worth $305,000 after acquiring an additional 6,755 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake in shares of AudioCodes by 56.0% during the 1st quarter. Cubist Systematic Strategies LLC now owns 19,646 shares of the communications equipment provider’s stock worth $185,000 after acquiring an additional 7,052 shares in the last quarter. 68.05% of the stock is currently owned by institutional investors.

AudioCodes Company Profile

AudioCodes Ltd is a global provider of advanced voice networking and media processing solutions for enterprises and service providers. The company designs and manufactures a comprehensive portfolio of products, including session border controllers (SBCs), media gateways, IP phones, management and monitoring software, and cloud-based communications microservices. Its offerings support a wide range of unified communications (UC) and contact center deployments, enabling secure, high-quality voice connectivity across on-premises, hybrid and cloud environments.

Founded in 1993 and headquartered in Rosh Ha’Ayin, Israel, AudioCodes serves customers in North America, Europe, Asia-Pacific and Latin America.