Amdocs stock carries 2.7 percent revenue growth into November results

Published on 10/04/2026 at 21:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Amdocs stock closed at USD 58.12 on October 2 after fiscal Q3 revenue rose 2.7 percent to USD 1.175 billion. Seven analysts rate it Hold.

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Amdocs stock (ISIN GB0022569080) closed at USD 58.12 on Nasdaq on October 2, 2026, down 0.41 percent for the session. The latest fiscal third-quarter report showed revenue of USD 1.175 billion, up 2.7 percent year over year, while non-GAAP earnings per share reached USD 1.84.

Revenue growth meets firm guidance

According to Zacks on September 4, 2026, Amdocs matched the consensus estimate with fiscal Q3 non-GAAP EPS of USD 1.84. The prior-year quarter produced EPS of USD 1.72, putting the year-over-year increase at 7 percent.

The revenue result was more nuanced. Fiscal Q3 revenue increased 2.7 percent on a reported basis and 2.2 percent in constant currency, but it came in below the USD 1.18 billion consensus estimate, according to Zacks.

Managed services anchor the model

Managed services generated record fiscal Q3 revenue of USD 791 million, equal to 67 percent of total revenue, and increased 2.5 percent from the prior-year quarter. Amdocs also ended the period with a 12-month backlog of USD 4.26 billion, up 2.7 percent year over year, figures reported by Zacks.

For fiscal Q4 2026, management projected revenue of USD 1.175 billion to USD 1.215 billion and non-GAAP diluted EPS of USD 1.94 to USD 2.00. The full-year revenue growth outlook was set at 3.2 percent to 4 percent, while the non-GAAP operating margin forecast remained 21.3 percent to 21.9 percent, per Amdocs.

Consensus target stays above price

MarketBeat reported on September 18, 2026, that seven brokerages carried a consensus rating of Hold. The average 12-month price target was USD 86.67, with a high of USD 97.00 and a low of USD 71.00.

Against the October 2 closing price of USD 58.12, the average target lies 49.1 percent above the share price. That gap contrasts with the modest 2.7 percent revenue growth and makes the next guidance update important for the valuation discussion.

Stock valuation after October 2 close

Amdocs stock closed at USD 58.12 on Nasdaq on October 2, 2026. The company had a market capitalization of USD 6.3 billion and a 52-week trading range of USD 49.74 to USD 85.63.