# AUDC earnings call intelligence LOPJLB CallCard / temporal rollup · freemium · [stock page](https://www.lopjlb.com/stock/AUDC) · [Earnings tab](https://www.lopjlb.com/stock/AUDC?tab=earnings) Updated: 2026-08-24T01:52:51 Quarters analyzed: 8 ## Cross-quarter narrative Across 8 calls for AUDC, management tone moved from +0.60 (2024 Q3) to +0.70 (2026 Q2). Latest guidance stance: raised. Latest desk line: AudioCodes Q2 2026 revenue rose 3.1% to $63M, recurring services grew 6.2%, Voice AI up >50% YoY, and the company raised its full-year revenue guidance to $251-$256M. ## Latest CallCard · Q2 AudioCodes Q2 2026 revenue rose 3.1% to $63M, recurring services grew 6.2%, Voice AI up >50% YoY, and the company raised its full-year revenue guidance to $251-$256M. **Guidance:** raised — Raised revenue guidance to $251 million‑$256 million from $247 million‑$255 million. **Tone:** mgmt 0.7 · Q&A pressure 0.2 · divergence 0.5 Raised revenue guidance and highlighted strong growth in Voice AI and recurring services, indicating optimism. ### Demand visibility Backlog grew 23% to $90M and pipeline expansion supports robust top‑line visibility. Backlog reached nearly $90 million, up 23% from $73 million a year ago, and new opportunities in Microsoft Teams grew 14% YoY, indicating strong demand visibility. ### Margins / costs GAAP gross margin improved to 65.7% and non‑GAAP margin to 65.8%. GAAP gross margin was 65.7% versus 64.1% in Q2 2025; non‑GAAP gross margin was 65.8% versus 64.5% in Q2 2025, reflecting margin expansion. ### Capital allocation Declared $0.20 dividend and repurchased $8.9M of shares, with court approval for up to $25M additional equity. During the quarter we acquired 950,000 ordinary shares for $8.9 million, declared a $0.20 per share cash dividend (~$4.8M), and received court approval to purchase up to $25M of additional shares. ### Milestones - **VoiceAI Connect** [on_track]: Delivered record‑breaking quarter with >50% YoY growth, expanding enterprise deployments. - **Live Hub** [on_track]: Self‑service cloud platform saw strong growth and broad adoption in Q2. - **Voca CIC AI Receptionist** [new]: Launched new AI Receptionist solution targeting small businesses, generating encouraging interest. - **Voca CIC Microsoft certification** [delivered]: First solution listed under Microsoft Teams Voice Agent certification, holding both contact center and AI agent certifications. - **Meeting Insights Cloud Edition** [on_track]: Added automatic language, multi‑language operation and smart search, boosting usage and MRR. - **MIA Edge** [on_track]: Secured >25 active accounts, 10 in production, addressing regulated markets with on‑prem and air‑gap options. - **Microsoft Teams Phone production opportunity** [on_track]: Over $10M opportunity now in production, adding several million revenue annually for next 3 years. ### Fears / risks - **Market adoption risk**: Adoption of conversational AI may be slower than expected, affecting Voice AI revenue growth. - **Competitive pressure**: Competitive products and pricing could impact AudioCodes’ market share. - **Geopolitical risk**: Hostilities involving Israel could disrupt operations or personnel availability. - **Financing risk**: Potential need for additional financing and covenant compliance could constrain liquidity. - **Integration risk**: Acquisition integration may cause adverse impacts on operations. - **Regulatory risk**: Evolving regulatory regimes for AI and voice solutions could affect product deployment. ### Key quotes > “Revenues for the second quarter were $63 million, an increase of 3.1% over the $61.1 million reported in the second quarter of last year.” > “Our top line growth has maintained its track, driven by ongoing momentum in 2 primary growth engines, our Live Managed Services and Voice AI.” > “We delivered strong performance in the Microsoft Teams phone business. In addition to achieving 5% year-over-year growth, we saw pipeline expansion, increasing momentum in newly created opportunities and growth in the total contract value” > “VoiceAI Connect enables enterprises to connect virtually any voice or telephony environment with leading cognitive voice services and both frameworks.” ## Quarter one-liners - **2026 Q2:** AudioCodes Q2 2026 revenue rose 3.1% to $63M, recurring services grew 6.2%, Voice AI up >50% YoY, and the company raised its full-year revenue guidance to $251-$256M. - **2026 Q1:** AudioCodes Q1 2026 revenue rose 2.9% to $62.1 M, services grew 4.3%, non‑GAAP gross margin hit 66.3% within target, Voice AI revenue up >50% and recurring revenue reached $80 M; guidance unchanged. - **2025 Q4:** AudioCodes Q4 2025 showed modest 1.7% revenue growth, Voice AI up 35% YoY, and guidance for 2026 revenue $247‑255M with non‑GAAP EPS $0.60‑0.75, while noting tariff impact and continued AI investment. - **2025 Q3:** AudioCodes Q3 revenue $61.5M (+2.2% YoY), guided FY25 $244-246M; Conversational AI +50% YoY, ARR $75M (+25%), signed Tier-1 SI deal, Nimbus award; tariff headwind ~$3M FY25. - **2025 Q2:** AudioCodes Q2 2025 revenue rose 1.3% to $61.1 M, but margins were pressured by new U.S. tariffs and a weaker dollar; management highlighted AI‑driven live platform milestones and postponed guidance pending tariff clarity. - **2025 Q1:** AudioCodes posted modest revenue growth and solid cash flow while highlighting AI‑voice initiatives, but withdrew annual guidance due to tariff and macro uncertainty. - **2024 Q4:** AudioCodes Q4 2024: Revenue $61.6M (+2.2% QoQ), FY2024 $242.2M (-0.9% YoY). Services grew 10.9% YoY to 54.5% of revenue. Microsoft business up 30% QoQ. ARR $65M (+35% YoY). Guiding FY2025 revenue $246-254M, non-GAAP EBITDA $34-38M. Transitioning to AI-driven value-added services. - **2024 Q3:** AudioCodes Q3 2024 showed flat revenue, modest services growth and expanding AI investments, with management reaffirming 2024 guidance and confidence in future Microsoft business growth. ## Theme arcs - **Management tone** (stable): Δ mgmt=+0.10 ## Fear persistence - **geopolitical** [recurring]: 2024 Q3, 2024 Q4 - **economic** [resolved]: 2024 Q3 - **financing** [resolved]: 2024 Q3 - **acquisition integration** [recurring]: 2024 Q3, 2026 Q1 - **competitive** [recurring]: 2024 Q3, 2024 Q4 - **ai adoption** [resolved]: 2024 Q3 - **supply chain** [resolved]: 2024 Q3 - **regulatory/covid** [resolved]: 2024 Q3 - **transition execution** [resolved]: 2024 Q4 - **customer concentration** [recurring]: 2024 Q4, 2025 Q1, 2025 Q4 ## Guidance path 2024 Q3:maintained → 2024 Q4:raised → 2025 Q1:withdrawn → 2025 Q2:vague → 2025 Q3:maintained → 2025 Q4:maintained → 2026 Q1:maintained → 2026 Q2:raised --- Research context only. Not personalized investment advice. API: `GET /bff/api/bigfive/earnings-intel/AUDC`