AudioCodes Q2 2026 Earnings Call Transcript

On Tuesday, AudioCodes (NASDAQ: AUDC ) discussed second-quarter financial results during its earnings call.

The full transcript is provided below.

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Access the full call at Summary AudioCodes reported Q2 2026 revenues of $63 million, a 3.1% increase from the previous year, with services revenues rising by 6.2% to $34.6 million.

The company reiterated its non-GAAP diluted net income per share guidance for 2026 between $0.60 and $0.75, and raised revenue guidance to a range of $200 to $256 million.

Annual recurring revenue for Live Managed Services and Voice AI reached $84 million, growing 20% year-over-year, with Voice AI business revenue growing over 50% year-over-year.

AudioCodes' Microsoft Teams Phone business grew by 5% year-over-year, with pipeline expansion and an increase in total contract value of opportunities signed.

The company has declared a cash dividend of $0.20 per share, amounting to approximately $4.8 million, to be paid on September 3rd, 2026.

AudioCodes emphasized strategic growth in AI-driven cloud and edge software, highlighting advances in Voice AI Connect and Voca CIC for Microsoft Teams.

Cash equivalents and financial investments totaled $64.2 million, with net cash from operating activities at $6.1 million for Q2 2026.

Full Transcript OPERATOR Greetings.

Welcome to the AudioCodes second quarter 2026 earnings conference call.

At this time, all participants are in a listen-only mode.

A question-and-answer session will follow the formal presentation.

If anyone should require operator assistance during the conference, please press star 0 on your telephone keypad.

Please note, this conference is being recorded.

I will now turn the conference over to your host, Roger Chuchin, Vice President of Investor Relations.

You may begin.

Thank you.

Roger Chuchin, Vice President of Investor Relations Hosting the call today are Shabtai Adlersberg, President and Chief Executive Officer, and Niran Baruch, Vice President of Finance and Chief Financial Officer.

Before we begin, I'd like to remind you that information provided during this call may contain forward-looking statements relating to AudioCodes' business outlook, future economic performance, product introductions, plans and objectives related thereto, and statements concerning assumptions made or expectations as to any future events, conditions, performance, or other matters, as the term is defined under U.S. federal securities laws.

Forward-looking statements are subject to various risks, uncertainties, and other factors that could cause actual results to differ materially from those stated in such statements.

These risks, uncertainties, and factors include, but are not limited to, the effect of global economic conditions in general and conditions in AudioCodes' industry and target markets in particular, including governmental undertakings to address such conditions; shifts in supply and demand; market acceptance of new products and the demand for existing products; the impact of competitive products and pricing on AudioCodes and its customers, products, and markets; timely product and technology development and upgrades; the advent of artificial intelligence and the ability to manage changes in market conditions and evolving regulatory regimes, as applicable; possible need for additional financing; the ability to satisfy covenants in AudioCodes' financing agreements; possible impacts and disruptions from AudioCodes' acquisitions, including the ability of AudioCodes to successfully integrate the products and operations of acquired companies into AudioCodes' business; possible adverse impacts attributable to any pandemic or other public health crisis on our business and results of operations; the effects of the current and any future hostilities involving Israel, including in the regions in which we or our counterparties operate, which may affect our operations and may limit our ability to produce and sell our solutions; any disruption in our operations by the obligations of our personnel to perform military service as a result of current or future military actions involving Israel; and any other factors described in AudioCodes' filings made with the U.S.

Securities and Exchange Commission from time to time.

AudioCodes assumes no obligation to update the information.

In addition, during the call AudioCodes will refer to non-GAAP net income and net income per share.

AudioCodes has provided a full reconciliation of the non-GAAP net income and net income per share to its net income and net income per share according to GAAP in the press release that is posted on its website.

Before I turn the call over to management, I'd like to remind everyone that this call is being recorded.

An archived webcast will be made available on the Investor Relations section of the company's website at the conclusion of the call.

With all that said, I'd like to turn the call over to Shabtai Adlersberg.

Please go ahead.

Shabtai Adlersberg, CEO Thank you, Roger.

Good morning and good afternoon, everybody.

I would like to welcome all to our second quarter 2026 conference call.

With me this morning is Niran Baruch, Chief Financial Officer and Vice President of Finance of AudioCodes.