What is the market's earnings forecast for Audiocodes next quarter?

What does Audiocodes do and what are its main business segments?

What were the key takeaways from Audiocodes's earnings call?

Did Audiocodes beat or miss consensus estimates last quarter?

What is Audiocodes's latest dividend and current dividend yield?

What guidance did Audiocodes's management provide for the next earnings period?

What is Audiocodes's gross profit margin?

What were the key takeaways from Audiocodes’s earnings call?

- **Conversational AI surge**: 50% Q3 growth, 40-50% annual target, $75M ARR.
- **Strategic wins**: Tier 1 system integrator deal, APAC airport Voca CIC win.
- **Financial strength**: $4.9M non-GAAP net, 65.8% gross margin, $79.7M cash.
- **AI innovation**: Agent Insights launch, Live Hub >30% growth, Mia OP gov expansion.
- **Microsoft stabilization**: Teams Phone business flat Q3, 4% H1 growth.
- **Voice AI pricing power**: Emerging market with no legacy cost constraints.


**【CEO Summary Section】**
- Third consecutive quarter of revenue growth, with conversational AI business up 50% YoY.
- Signed landmark agreement with global Tier 1 system integrator, driving $low single-digit million recurring revenue annually.
- Live Hub ARR grew >30% sequentially, with non-GAAP gross margin improving to 65.8%.
- Projected 40-50% annual growth in conversational AI business, supported by $75M ARR (up 25% YoY).
- Microsoft Teams Phone business grew 4% YoY for first 9 months, with pipeline up 20% YoY.
- Voca CIC won major APAC airport deal, serving 12 universities with Teams-certified contact center.
- Agent Insights AI-powered contact center solution launching Q4, integrating with Microsoft Teams.

**【CFO Financial Commentary】**
- Q3 2025 revenue: $61.5M (+2.2% YoY), non-GAAP net income: $4.9M ($0.17 EPS).
- Non-GAAP gross margin: 65.8% (vs. 64.5% Q2 2025), operating expenses: $34.7M (+6.5% YoY).
- EBITDA: $6.9M (11.2% margin), cash: $79.7M, net cash from ops: $4.1M.
- 2025 full-year outlook: $244-246M revenue, $0.60-0.64 non-GAAP EPS.

**【Q&A Highlights】**
- Live platform win with Tier 1 integrator driven by Gen AI-powered voice bots and cost efficiency.
- Voice AI solutions pricing不受 legacy UCaaS market constraints, with early adopters prioritizing productivity.
- Microsoft Teams Phone business stabilizing at $400M+ market size, targeting non-UCaaS growth.
- Product revenue growth from voice AI software, offsetting legacy hardware decline.
- UCaaS market flattening but non-UCaaS growth potential in APAC/Australia.
- Mia OP winning government tenders globally, with 15 PoC projects in pipeline.


AudioCodes Ltd. (AUDC) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

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Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

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Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

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Other Comprehensive Income

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Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

AUDC

AUDC fundamentals

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