Slide 1: Amdocs Limited Investor Overview
Amdocs Limited Investor Overview Nasdaq: DOX August 2026 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: Agenda
Agenda 1. Amdocs Overview 2. The Amdocs Strategy 3. Financial Performance & Outlook 4. Key Takeaways for Investors
Slide 4: Amdocs Overview
1 Amdocs Overview 4 Information Security Level 2 – Sensitive. © 2026 – Proprietary & Confidential Information of Amdocs
Slide 5: Amdocs helps world leading telcos and media companies deliver exceptional customer experiences
Amdocs helps world leading telcos and media companies deliver exceptional customer experiences through reliable, efficient, and secure operations at scale Serving 400+ clients across ~90 countries 5 Information Security Level 2 – Sensitive. © 2026 – Proprietary & Confidential Information of Amdocs
Slide 6: Amdocs key facts and FY25 metrics
AI-first 3.1B organization $4.53B People Impacted by Our Platforms Revenue in FY25 Purpose-built for telco, our mission critical software products and services embed intelligence to run work across business, IT and network domains, supporting 170B+ ~75% billions Events billed each day using Amdocs M
Slide 7: Market leading position and unique tech-led business model
Amdocs’ market leading position and unique tech-led business model underpin our advantage Delivering cutting-edge s&s Implemen Successfully executing technological solutions n Solu orm ta t the largest & most advanced tio at the forefront of digital transformations io n& Platf industry innovation in
Slide 8: Positioned to tap a significant $60B opportunity
Amdocs is positioned to tap a significant $60B opportunity, leveraging its status as a recognized market leader In a huge addressable market, we have significant room for long- term growth: 50+ ~$60B SAM Existing managed services customers, with ample room to show additional value and ✓ Continued ex
Slide 9: The Amdocs Strategy
2 The Amdocs Strategy 9 Information Security Level 2 – Sensitive. © 2026 – Proprietary & Confidential Information of Amdocs
Slide 10: 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 11: Best positioned to turn the agentic vision into reality
1 The Agentic era: an exciting market expansion opportunity for Amdocs and our customers Amdocs is best positioned to turn the agentic vision into reality for our customers Deep industry knowledge Engineering & Leader in mission-critical Outcome-based & domain expertise innovation pedigree systems t
Slide 12: 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 This transformation will allow Agentic IT Ops. 1 our customers to: Agentic Orchestration Agentic Governance Agentic Agentic Telco ✓ Simplify complexity Business Workflo
Slide 13: Accelerating Generative AI strategies in telecom workflows
1 Accelerating Generative AI strategies by embedding intelligence into telecom workflows to elevate customer and employee experiences, unlock new growth opportunities, and drive measurable efficiency at scale 13 Information Security Level 2 – Sensitive. © 2026 – Proprietary & Confidential Informatio
Slide 14: Cognitive Core and Agentic layers
1 Cognitive Core Telco-verticalized GenAI foundation that delivers Telco-specific agent libraries and actionable insights Open & Modular Agnostic to CES26 Telcos’ AI ecosystem and Cloud Infrastructure, and any BSS/OSS Stack accelerating innovation BSS/OSS stack supercharged with Cognitive & agentic
Slide 15: 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, announced August 2026 AI driven operations Demonstrates ability to handle highly complex opera
Slide 16: aOS Market Traction
1 aOS Market Traction Customer Engagements In Production Q3F2026 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 16 Information Security Level 2 – Sensitive
Slide 17: 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 18: 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 ✓ Be the first to market with disruptive technologies Emerging Growth Horizons ✓ Leverage Agentic skill-set and deep industry knowl
Slide 19: Internal Transformation
4 Internal Transformation Agentic-first company with the right foundation to support our future growth 4 Reshaping the organization: ✓ Become “Customer Zero” Internal Transformation ✓ Implementing Agentic capabilities across: ✓ Software development Become an Agentic organization as a key enabler to
Slide 20: Financial Performance & Outlook
3 Financial Performance & Outlook
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 Close to ~100% Record managed services Managed Services revenue contract renewals ~$791m Managed services arrangements support ~67% business model resiliency with highly recurring revenue streams, multi-year engagements and of Q3 FY2026
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 140% repurchases % FCF(1)(2)(3)(4)(5)/ 88% 102% 101% 93% 94% 90% $203M $143 Non-GAAP Net Income(1) Returned to shareholders in Q3 100% 99% 104% 96% 112% 106% FY2026E % of FCF(1)(2)(3)(4)(5) guidance
Slide 25: Leading Indicators & Visibility: 12-month Backlog
Leading Indicators & Visibility 12-month Backlog 12-Month Backlog Up 2.7% YoY 12-month backlog includes: $4.26B Down $20M QoQ 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% 2.7
Slide 26: 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 currency(1) • Reiterate 21.6% midpoint • 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 27: FY2026 Revenue Growth Outlook
FY2026 Revenue Growth Outlook Revenue Growth FY2026 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 3.1% 3.4% Rei
Slide 28: 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 29: FY2026 Non-GAAP Diluted EPS Growth Outlook
FY2026 Non-GAAP Diluted EPS Growth Outlook Reiterating the 6% midpoint Total Shareholder Return(3)(4) 14.1% 13.6% Non-GAAP(2) Diluted EPS Growth YoY % + Dividend Yield 11.7% 11.2% 11.1% 12.1% Non-GAAP(2) EPS growth outlook 11.5% 8.7%* tightened to 5.5%-6.5% in FY2026E 9.8% 9.0% Reiterating 8.5% 5.3%
Slide 30: Key Takeaways for Investors
4 Key Takeaways for Investors
Slide 31: Key Takeaways for Investors
Key Takeaways for Investors: Solid business fundamentals and the right agentic strategy ~$60B $4.5B ~75% ~65% ~100% $4.26B 21.4% ~$720M Serviceable FY 2025 Recurring Long-term Managed 12-month FY 2025 FY2026E addressable revenue revenue managed services backlog Non-GAAP(2) free cash market +3.1% YoY
Slide 32: Q4 & FY2026 Outlook
Q4 & FY2026 Q4 Fiscal 2026 Outlook Revenue $1,175 - $1,215 million Outlook GAAP EPS $1.48 - $1.56 Non-GAAP(1) EPS $1.94 - $2.00 Share Count 106 million Non-GAAP effective tax rate within the annual Tax guidance range of 16.0%-19.0% FY 2026 Outlook Updated Previous Revenue growth 3.2% - 4.0% 2.6% - 4
Slide 33: Appendix
Appendix 33 Information Security Level 2 – Sensitive. © 2026 – Proprietary & Confidential Information of Amdocs
Slide 34: 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. 34 Information Security Level 2 – Sensitive. © 2026 – Proprietary & Confiden
Slide 35: Reconciliation Tables
Reconciliation Tables 35 Information Security Level 2 – Sensitive. © 2026 – Proprietary & Confidential Information of Amdocs
Slide 36: Reconciliation Tables
Reconciliation Tables 36 Information Security Level 2 – Sensitive. © 2026 – Proprietary & Confidential Information of Amdocs
Slide 37: Thank you!
Thank you! 37 Information Security Level 2 – Sensitive. © 2026 – Proprietary & Confidential Information of Amdocs