Amdocs stock faces sharply lower fiscal 2027 revenue outlook
Published on 11/04/2026 at 03:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSOutlook weighs on strong fiscal results
- Amdocs reported fourth-quarter revenue in line with the midpoint of its constant-currency guidance.
- The company signed an eight-year strategic agreement with AT&T and entered insurance through its EIS acquisition.
- Management expects mid-single-digit revenue growth and high-single-digit earnings growth in fiscal 2028.
Amdocs reported solid fourth-quarter and full-year fiscal 2026 results on Tuesday, November 3, while its initial fiscal 2027 outlook pointed to a steep decline in revenue. The company said in its earnings release that fiscal 2026 revenue reached USD 4.70 billion, up 3.6 percent year over year as reported and 3.0 percent in constant currency.
Fourth-quarter results meet guidance
Revenue for the quarter ended September 30, 2026, rose 3.8 percent to USD 1.194 billion, or 4.0 percent in constant currency. The result was in line with the midpoint of the company's constant-currency guidance range.
Amdocs also highlighted a strategic shift. It announced an eight-year aOS agreement with AT&T and said it was entering the insurance industry through the acquisition of EIS.
Fiscal 2027 starts under pressure
For fiscal 2027, Amdocs expects reported revenue to decline between 14.3 percent and 17.9 percent year over year. On a pro forma constant-currency basis, the company expects revenue to fall between 7 percent and 11 percent.
The outlook marks a weaker near-term operating backdrop despite the completed year. Management expects fiscal 2028 to bring mid-single-digit revenue growth, high-single-digit earnings growth and a steadily rising dividend.
Business profile and competitive setting
Amdocs provides cloud-native, open and generative-AI-driven products and services that help businesses transform their operations. Its portfolio is centered on software and services for communications and related industries, while the EIS acquisition expands its reach into insurance.
The company operates in enterprise software and technology services, where it competes with specialists and larger platform providers for transformation projects. Its strategic emphasis on communications software, cloud services and agentic systems gives it a focused position within that broader market.
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Amdocs company facts
- Company: Amdocs Limited
- ISIN: GB0022569080
- Ticker: DOX
- Fiscal 2026 revenue: USD 4.70 billion, up 3.6 percent as reported
- Fiscal 2027 revenue outlook: 14.3 percent to 17.9 percent decline as reported
