Israel's AudioCodes Q2 revenue rises on strong demand in Voice AI and managed services segments - AUDC News | RalliesIsrael's AudioCodes Q2 revenue rises on strong demand in Voice AI and managed services segments
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AUDC• Outlook
- Company expects continued healthy top-line growth throughout remainder of 2026
- Company says adoption of voice technology is strengthening long-term growth potential
Q2 results
- Israel enterprise voice and VoiceAI firm's Q2 revenue rose 3.1% yr/yr to $63 mln
- Q2 net income was $0.5 mln, or $0.02 per diluted share
- Company repurchased 950,133 shares for $8.9 mln and declared $0.20 per share dividend
Result drivers
- Services and AI growth - Co said Q2 results were driven by sustained momentum in managed services for UCaaS and CX, and Conversational AI business
- Conversational AI demand - Conversational AI business grew more than 50% yr/yr in Q2, reflecting broad-based demand, per CEO
- Microsoft Teams momentum - Microsoft Teams business grew 5% yr/yr, maintaining strong momentum, co said
Key details and analyst coverage
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|
| Q2 Revenue |
| Q2 Pretax Profit | | $1.44 mln | |
| Q2 Operating Expenses | | $38.16 mln | |
| Q2 Operating Income | | $3.19 mln | |
- The one available analyst rating on the shares is "buy"
- The average consensus recommendation for the communications & networking peer group is "buy"
- Wall Street's median 12-month price target for AudioCodes Ltd is $12.50, about 27.6% above its August 3 closing price of $9.80
