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Amdocs’ $1.17 Billion Quarter: Steady Growth Meets A New Agentic AI Bet!

Amdocs demonstrated a solid second quarter performance for fiscal 2026, reporting revenues of approximately $1.17 billion, representing a 3.9% increase year-over-year on a reported basis and 2.2% in constant currency. This growth was supported by year-over-year increases in North America and record revenue in Europe, with the Rest of the World segment also posting its highest revenue since fiscal Q3 2024. The company’s non-GAAP diluted earnings per share was $1.78, slightly above the midpoint of guidance, while non-GAAP operating margin edged up 20 basis points to 21.5%, reflecting efficiency gains balanced against growth investments. The 12-month backlog grew modestly by 2.6% year-over-year to $4.28 billion, signaling steady forward visibility. Amdocs secured multiple significant multiyear deals during the quarter, including contract extensions with AT&T Cricket Wireless, Vodafone Spain, and KT in South Korea, highlighting broad demand across managed services, CRM, OSS modernization, and advanced 5G monetization.