Slide 1: Fiscal Q3 2026 Earnings Presentation
Amdocs Limited NASDAQ: DOX Fiscal Q3 2026 Earnings Presentation August 5, 2026 Shimie Hortig President & CEO Tal Rozenfeld Chief Financial Officer 1 Information Security Level 2 – Sensitive. © 2026 – Proprietary & Confidential Information of Amdocs
Slide 2: Forward-Looking Statement
Forward-Looking Statement The information contained herein in this presentation or delivered or to be delivered to you during this presentation does not constitute an offer, expressed or implied, or a recommendation to do any transaction in Amdocs Limited securities or in any securities of its affil
Slide 3: Today's speakers
Today’s speakers Shimie Hortig President & Chief Executive Officer Tal Rozenfeld Chief Financial Officer 3 Information Security Level 2 – Sensitive. © 2026 – Proprietary & Confidential Information of Amdocs
Slide 4: Agenda
Agenda Strategy & Business Performance Update Shimie Hortig President & Chief Executive Officer Financial Review & Outlook Tal Rozenfeld Chief Financial Officer Q&A 4 Information Security Level 2 – Sensitive. © 2026 – Proprietary & Confidential Information of Amdocs
Slide 5: Strategy and Business Performance Update
Shimie Hortig President & Chief Executive Officer Strategy and Business Performance Update 5 Information Security Level 2 – Sensitive. © 2026 – Proprietary & Confidential Information of Amdocs
Slide 6: Business Performance Update
1 Business Performance Update 6 Information Security Level 2 – Sensitive. © 2026 – Proprietary & Confidential Information of Amdocs
Slide 7: Q3 Financial Highlights
Q3 Financial Highlights Revenue Non-GAAP Non-GAAP 12-Month (1) operating margin EPS (1) Backlog $1.175B 21.6% $1.84 $4.26B At guidance Up 20bps At guidance Up 2.7% midpoint YoY midpoint YoY Managed services delivered a record quarter, accounting for 67% of total revenue 7 Information Security Level
Slide 8: FY2026 Outlook
FY2026 Outlook Revenue(1) Non-GAAP EBIT(2) 2.6% - 3.4% 21.3% - 21.9% YoY growth % margin • Reiterate 3.0% midpoint in constant • Reiterate 21.6% midpoint currency(1) • Up 20bps YoY Free cash flow(3) Non-GAAP EPS(2) $710m - $730m 5.5% - 6.5% YoY growth • Reiterate $720m midpoint • Reiterate 6.0% midp
Slide 9: Key Customer Wins
Key Customer Wins New, large scale multi-year partnership with Liberty Latin America Manage and transform its entire end-to-end IT ecosystem Major proof-point of the Agentic transformation strategy US digital TV entertainment provider Scandinavia Service orchestration Core Platform Billing aOS drive
Slide 10: Q3 Project Execution & Delivery
Q3 Project Execution & Delivery Key milestones Austria Billing Modernization US Cellular Charging Go-Live integration migration Enterprise 5G policy Charging catalog deployment modernization data migration Digital Commerce Bill Presentment Execution of charging Rollout go live transition services 10
Slide 11: The Amdocs Strategy
2 The Amdocs Strategy 11 Information Security Level 2 – Sensitive. © 2026 – Proprietary & Confidential Information of Amdocs
Slide 12: Amdocs Strategy
Amdocs Strategy 1 2 3 Agentic Telco New Vertical Emerging Growth Operating System Expansion Horizons (aOS) Transforming our customers to Accelerate Agentic modernization in Capture & solve emerging needs the Agentic era additional industry driven by the GenAI revolution Internal Transformation 4 Bec
Slide 13: Amdocs Agentic Telco Operating System
1 Amdocs Agentic Telco Operating System Our mission is to accelerate the transformation of each of our customers to the Agentic era 1 This transformation will allow Agentic IT Ops. our customers to: Agentic Orchestration Agentic Governance Agentic Agentic Telco ✓ Simplify complexity Business Workflo
Slide 14: Strategic Win: Liberty Latin America
1 Strategic Win: Liberty Latin America Strategic Engagement to Transform and Manage its Entire IT Domain Through Amdocs aOS 10-year strategic engagement to transform and manage its end-to-end IT ecosystem AI driven operations Demonstrates ability to handle highly complex operations across multiple m
Slide 15: aOS Market Traction
1 aOS Market Traction Customer Engagements In Production Q3 New Deals Customer care Agentic network engineering Marketing Sales Switzerland Operations Scandinavia Billing care Sales Sales digital twin Billing Tier 1 Asia Pacific Customer care Operator 15 Information Security Level 2 – Sensitive. © 2
Slide 16: New Vertical Expansion
2 New Vertical Expansion Expand our addressable market by targeting additional vertical 2 Enter an additional market with our disruptive Agentic approach New Vertical Expansion ✓ Track record of successfully executing major core system transformations Accelerate Agentic ✓ Unique Agentic offering mod
Slide 17: Emerging Growth Horizons
3 Emerging Growth Horizons The GenAI revolution is creating demand to solve technological gaps and needs that didn’t exist before 3 Future new growth drivers for Amdocs Emerging Growth ✓ Be the first to market with disruptive technologies Horizons ✓ Leverage Agentic skill-set and deep industry knowl
Slide 18: Internal Transformation
4 Internal Transformation Agentic-first company with the right foundation to support our future growth Reshaping the organization: 4 ✓ Become “Customer Zero” Internal Transformation ✓ Implementing Agentic capabilities across: ✓ Software development Become an Agentic organization ✓ Service delivery a
Slide 19: Bringing it all together
Bringing it all together 1 2 We have the right strategy to seize this Our recent commercial momentum exciting opportunity for Amdocs is an important proof point and our telco customers 3 4 We see opportunities to expand We’ve got the right talent, skills and beyond telco to an additional leadership
Slide 20: Financial Review & Outlook
Tal Rozenfeld Chief Financial Officer Financial Review & Outlook 20 Information Security Level 2 – Sensitive. © 2026 – Proprietary & Confidential Information of Amdocs
Slide 21: Q3 FY2026 Financial Results
Q3 FY2026 Financial Results Key Metrics: Non-GAAP(2) GAAP Non-GAAP(2) Revenue Operating Margin Diluted EPS Diluted EPS $1,175m 21.6% $0.59, incl. $0.91 $1.84, in line with +2.7% YoY as reported +20 bps YoY, restructuring charges. guidance midpoint of +10 bps QoQ Ex- restructuring, GAAP $1.81 – $1.87
Slide 22: Managed Services
Managed Services Supporting visibility and business resilience Record Managed Services revenue Close to ~$791m ~100% managed services contract renewals ~67% of Q3 FY2026 revenue Managed services arrangements support business model resiliency with highly recurring revenue streams, multi-year engageme
Slide 23: Balance Sheet & Cash Flow
Balance Sheet & Q3 2026 Free cash flow(1) bridge Cash Flow FCF before restructuring payments of $21M was $193M in Q3 $193 $197 $25 Cash + Available Credit Facility $172 * $726 million Cash, Credit Facility & Debt Position $ Millions, as of June 30, 2026 Ample liquidity to support ongoing business ne
Slide 24: Disciplined Capital Allocation
Disciplined Capital Allocation Dividends $60 FCF: Six-year historical trend and FY2026E outlook Share repurchases 140% $143 % FCF(1)(2)(3)(4)(5)/ 88% 102% 101% 93% 94% 90% $203M Non-GAAP Net Income(1) Returned to shareholders in Q3 FY2026E 100% 99% 104% 96% 112% 106% guidance: % of FCF(1)(2)(3)(4)(5
Slide 25: Leading Indicators & Visibility: 12-month Backlog
Leading Indicators & Visibility: 12-month Backlog 12-Month Backlog Up 2.7% YoY $4.26B Down $20M QoQ 12-month backlog includes: Anticipated revenue related to contracts Estimated revenue from managed services contracts Letters of intent Quarterly 12-Month Backlog Growth YoY % Maintenance 3.0% 3.2% Es
Slide 26: FY2026 Revenue Growth Outlook
FY2026 Revenue Growth Outlook FY2026 revenue growth: Revenue Growth YoY% Growth Constant Currency(3) Outlook tightened to 2.6%-3.4% YoY 10.3% constant currency(3) 7.7% 7.0% • Expects 3.2%-4.0% as reported, including a foreign currency benefit of 60 bps, unchanged as compared with prior quarter 3.1%
Slide 27: Sustained Margin Expansion in FY2026
Sustained Margin Expansion in FY2026 Balancing growth investments with accelerated internal transformation to become an agentic-first organization Annual Non-GAAP(1) Operating Margin: FY2020 – FY2026E(2) +20 bps YoY at the midpoint FY2026E: +20 bps YoY of the FY2026 target range of 21.3%-21.9% 21.6%
Slide 28: FY2026 Non-GAAP Diluted EPS Growth Outlook
FY2026 Non-GAAP Diluted EPS Growth Outlook Reiterating the 6% midpoint Total Shareholder Return(3)(4) Non-GAAP(2) Diluted EPS Growth YoY % + Dividend Yield 14.1% 13.6% 11.7% Non-GAAP(2) EPS growth outlook 11.2% 11.1% tightened to 5.5%-6.5% in FY2026E 12.1% 11.5% 8.7%* 9.8% 9.0% Reiterating Reiterati
Slide 29: Q&A
Q&A 29 Information Security Level 2 – Sensitive. © 2026 – Proprietary & Confidential Information of Amdocs
Slide 30: Q4 & FY2026 Outlook
Q4 Fiscal 2026 Outlook Revenue $1,175 - $1,215 million Q4 & GAAP EPS Non-GAAP(1) EPS $1.48 - $1.56 $1.94 - $2.00 FY2026 Share Count Tax 106 million Non-GAAP effective tax rate within the annual Outlook guidance range of 16.0%-19.0% FY 2026 Outlook Updated Previous Revenue growth 3.2% - 4.0% 2.6% - 4
Slide 31: Appendix: Outlook & Reconciliation Tables
Appendix Outlook & Reconciliation Tables 31 Information Security Level 2 – Sensitive. © 2026 – Proprietary & Confidential Information of Amdocs
Slide 32: Reconciliation Tables
Reconciliation Tables a) The amounts under "Purchase of property and equipment, net”, include immaterial proceeds from sale of property and equipment for the three and nine months ended June 30, 2026 and 2025, respectively. 32 Information Security Level 2 – Sensitive. © 2026 – Proprietary & Confiden
Slide 33: Reconciliation Tables
Reconciliation Tables 33 Information Security Level 2 – Sensitive. © 2026 – Proprietary & Confidential Information of Amdocs
Slide 34: Reconciliation Tables
Reconciliation Tables 34 Information Security Level 2 – Sensitive. © 2026 – Proprietary & Confidential Information of Amdocs
Slide 35: Thank you!
Thank you! 35 Information Security Level 2 – Sensitive. © 2026 – Proprietary & Confidential Information of Amdocs