Amdocs stock plunges 44-45% after-hours on weak forecast and T-Mobile dispute

Amdocs reported fiscal 2026 revenue of $4.7 billion and projected a 14%-18% revenue decline for fiscal 2027, citing a legal dispute with T-Mobile and strategic exits. The stock fell about 44-45% in after-hours trading.

Amdocs released its results last night for the fourth quarter and full fiscal year 2026. The company's quarterly revenue stood at $1.19 billion (3.8% growth compared to the same quarter last year), and for the full year, revenue reached $4.7 billion. Adjusted diluted non-GAAP net profit for the fourth quarter was $1.98 per share, totaling $7.41 per share for the full year. The company also announced an eight-year extension of its strategic contract with AT&T for the implementation of the aOS platform, along with strategic wins in the UK and Eurasia. The board approved a 3% increase in the quarterly dividend to $0.586 per share. However, forecasts for fiscal year 2027 reflect weakness: Amdocs expects a revenue decline of about 14% to 18%, partly due to a legal dispute with T-Mobile in the US. The stock is plunging about 44% in after-hours trading.