The Q2 beat is modest with 3.1% revenue growth and an in-line Non-GAAP EPS beat. Watch the earnings call for any guidance revision and further color on VoiceAI/ARR pipeline momentum. The dividend ex-date (Aug 19) and buyback continuation provide a floor but the stock may require stronger growth acceleration to sustain upward drift.
Price Chart
Executive Summary
AudioCodes reported Q2 2026 results with revenue of $63M (+3.1% YoY) and Non-GAAP EPS of $0.15 vs $0.14 YoY. Annual Recurring Revenue (ARR) reached $84M, up 20% YoY, driven by Conversational AI (50%+ growth) and Live services. The board declared a semi-annual dividend of $0.20/share (~$4.8M). The results show steady execution on the VoiceAI/cloud transformation but reflect modest top-line growth and higher financial expenses weighing on GAAP net income.
Key Facts
- Q2 2026 revenue $63.0M, up 3.1% YoY from $61.1M
- Services revenue $34.6M, up 6.2% YoY
- Non-GAAP diluted EPS $0.15 vs $0.14 in Q2 2025
- GAAP net income $0.5M ($0.02/share) vs $0.3M ($0.01/share)
- ARR reached $84M, up 20% YoY
- Conversational AI business grew >50% YoY
- Operating cash flow $6.1M in Q2
- Repurchased 950,133 shares for $8.9M during Q2; $17.4M remaining under buyback authorization
- Semi-annual dividend declared: $0.20/share (~$4.8M), payable Sept 3, 2026
- Cash, equivalents and investments $64.2M at June 30, 2026
Financial Impact
Revenue $63M (+3.1% YoY), Non-GAAP EPS $0.15 (+7.1% YoY), ARR $84M (+20% YoY), operating cash flow $6.1M
Risk Factors
- Net financial expenses swung to a loss of $1.8M in Q2 vs $1.2M loss a year earlier, driven by exchange rate volatility
- GAAP net income for H1 2026 fell 44% YoY to $2.4M due to currency and higher operating expenses
- Cash reserves declined from $75.7M to $64.2M since December 2025 due to buybacks and dividends
- Concentration risk in Microsoft Teams ecosystem (only 5% YoY growth) and competitive pressure in UCaaS/contact center
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 10 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (AUDC) — Batch item 1 | 0001185185-26-003250 |
| Document: audltd6k080426.htm | 0001185185-26-003250 |
| Document: 0001185185-26-003250-index-headers.html | 0001185185-26-003250 |
| Document: 0001185185-26-003250-index.html | 0001185185-26-003250 |
| Document: 0001185185-26-003250.txt | 0001185185-26-003250 |
| 6-K Filing (AUDC) — Batch item 6 | 0001185185-26-003250 |
| Document: audltd6k080426.htm | 0001185185-26-003250 |
| Document: 0001185185-26-003250-index-headers.html | 0001185185-26-003250 |
| Document: 0001185185-26-003250-index.html | 0001185185-26-003250 |
| Document: 0001185185-26-003250.txt | 0001185185-26-003250 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 6w ago | 6-K | $9.69 | awaiting T+60 | — | $11.47 (+18.37%) |
Sep 9, 2026 6w ago | 6-K | $9.73 | awaiting T+60 | — | $11.47 (+17.88%) |
Aug 5, 2026 11w ago | 6-K | $9.88 | awaiting T+60 | — | $11.47 (+16.09%) |
Aug 4, 2026 11w ago | 6-K | $10.04 | awaiting T+60 | — | $11.47 (+14.24%) |
May 7, 2026 24w ago | 6-K | $8.35 $9.80 | ▲ +17.37% | ▲ +13.53% | $11.47 (+37.37%) |
May 6, 2026 24w ago | Insider Cluster | $8.54 $9.58 | ▲ +12.18% | ▲ +10.12% | $11.47 (+34.31%) |
May 5, 2026 24w ago | 6-K | $8.51 $9.25 | ▼ −8.70% | ▼ −5.96% | $11.47 (−34.78%) |
May 5, 2026 25w ago | Insider Cluster | $8.51 $9.25 | ▲ +8.70% | ▲ +5.96% | $11.47 (+34.78%) |
Apr 28, 2026 26w ago | Insider Cluster | $8.75 $9.53 | ▲ +8.91% | ▲ +4.92% | $11.47 (+31.09%) |
Apr 28, 2026 26w ago | Insider Cluster | $8.75 $9.53 | ▲ +8.91% | ▲ +4.92% | $11.47 (+31.09%) |
US Market Status
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