Financials AudioCodes Ltd. TEL AVIV STOCK EXCHANGE

Stocks

AUDC

IL0010829658

Communications & Networking

Market Closed - TEL AVIV STOCK EXCHANGE 10:26:32 2026-08-25 EDT			5-day change	1st Jan Change
2,926.00 ^ILa	+2.77%		-2.07%	+5.78%

08-17	AudioCodes Ltd. Voca CIC Now Certifies For Microsoft Teams Unify Integration For Voice Agents	CI
08-04	AudioCodes Ltd., Q2 2026 Earnings Call, Aug 04, 2026

Projected Income Statement: AudioCodes Ltd.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	248.9	275.1	244.4	242.2	245.6	253.1	262.9
Change	-	10.51%	-11.16%	-0.9%	1.42%	3.05%	3.87%
EBITDA ¹	56.24	49.33	30.97	31.42	24.8	21.5	19.9
Change	-	-12.28%	-37.22%	1.44%	-21.06%	-13.31%	-7.44%
EBIT ¹	53.8	47.15	28.92	28.07	21.02	19.1	20.1
Change	-	-12.36%	-38.66%	-2.96%	-25.11%	-9.13%	5.24%
Interest Paid	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	39.65	34.18	14.37	-	13.58	11.2	13.7
Change	-	-13.78%	-57.96%	-	-	-17.51%	22.32%
Net income ¹	33.75	28.47	8.78	15.31	8.955	7.1	9.5
Change	-	-15.66%	-69.16%	74.38%	-41.51%	-20.71%	33.8%
Announcement Date	2/1/22	2/7/23	2/6/24	2/4/25	2/3/26	-	-

¹USD in Million

Estimates

Fiscal Period: December	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	58.84	60.58	63.41	66.1	66.36	68.36	69.72	70.66	59.21	60.02	61.59	63.56	60.08	60.3	60.24	61.55	60.37	61.08	61.55	62.6	62.14	62.4	63.4	64.5	64.2	65	66.3	67.4
Change	-	2.95%	4.68%	4.24%	0.39%	3.02%	1.99%	1.34%	-16.2%	1.36%	2.62%	3.2%	-5.48%	0.38%	-0.1%	2.18%	-1.92%	1.17%	0.77%	1.72%	-0.74%	0.41%	1.6%	1.74%	-0.47%	1.25%	2%	1.66%
EBITDA ¹	13.74	14.17	14.06	14.2	12.66	12.41	11.41	13.06	3.403	6.237	10.09	11.24	-	-	7.908	8.496	6.2	5.2	6.9	6.5	5.834	4.6	5	4.9	4.9	5	5	5.1
Change	-	3.09%	-0.76%	0.97%	-10.86%	-1.95%	-8.05%	14.48%	-73.95%	83.28%	61.81%	11.38%	-	-	-	7.44%	-27.02%	-16.13%	32.69%	-5.8%	-10.25%	-21.15%	8.7%	-2%	0%	2.04%	0%	2%
EBIT ¹	13.18	14.12	13.54	13.51	11.91	11.89	10.81	12.54	2.898	5.701	9.573	10.75	6.31	7.185	7.037	7.534	5.366	4.421	5.919	5.413	4.764	4.5	4.9	4.9	4.9	5	5.1	5.2
Change	-	7.07%	-4.07%	-0.24%	-11.82%	-0.22%	-9.04%	15.96%	-76.89%	96.72%	67.92%	12.28%	-41.3%	13.87%	-2.06%	7.06%	-28.78%	-17.61%	33.88%	-8.55%	-11.99%	-5.54%	8.89%	0%	0%	2.04%	2%	1.96%
Charge d'intérêts	-	-	0.103	-	-	0.346	0.344	-	-	-	-0.0107	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	11.7	9.55	10.1	8.295	9.062	8.763	7.353	9.005	0.105	2.502	6.271	5.494	-	-	-	-	-	1.406	4.125	2.686	2.982	3.2	3.3	3.6	3.3	3.4	3.5	3.6
Change	-	-18.38%	5.77%	-17.88%	9.25%	-3.3%	-16.09%	22.47%	-98.83%	2,282.86%	150.64%	-12.39%	-	-	-	-	-	-	193.39%	-34.88%	11.02%	7.31%	3.12%	9.09%	-8.33%	3.03%	2.94%	2.86%
Net income ¹	9.993	8.24	8.263	7.255	8.608	6.936	5.373	7.549	-0.182	1.055	4.252	3.655	2.083	-	2.679	6.775	-	0.306	2.732	1.901	1.953	2.1	2.3	2.5	2.3	2.3	2.4	2.5
Change	-	-17.54%	0.28%	-12.2%	18.65%	-19.42%	-22.53%	40.5%	-102.41%	679.67%	303.03%	-14.04%	-43.01%	-	-	152.89%	-	-	792.81%	-30.42%	2.74%	7.53%	9.52%	8.7%	-8%	0%	4.35%	4.17%
Announcement Date	4/27/21	7/27/21	10/26/21	2/1/22	5/2/22	8/2/22	11/2/22	2/7/23	5/9/23	8/1/23	11/2/23	2/6/24	5/7/24	7/30/24	11/6/24	2/4/25	5/6/25	7/29/25	11/4/25	2/3/26	5/5/26	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: AudioCodes Ltd.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027
Net Debt	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-
Announcement Date	2/1/22	2/7/23	2/6/24	2/4/25	2/3/26	-	-

Estimates

Cash Flow Forecast: AudioCodes Ltd.

Fiscal Period: December	2020	2021	2022	2023	2024	2025
CAPEX ¹	1.53	1.174	1.487	5.965	24.28	6.472
Change	-	-23.27%	26.66%	301.14%	307.04%	-73.34%
Free Cash Flow (FCF) ¹	24.89	39.27	18.91	4.421	-1.966	8.223
Change	-	57.77%	-51.85%	-76.62%	-144.46%	518.36%
Announcement Date	4/27/21	4/28/22	4/24/23	3/27/24	3/26/25	3/30/26

¹USD in Million

Estimates

Forecast Financial Ratios: AudioCodes Ltd.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	22.59%	17.93%	12.67%	12.97%	10.1%	8.49%	7.57%
EBIT Margin (%)	-	21.61%	17.14%	11.83%	11.59%	8.56%	7.55%	7.65%
EBT Margin (%)	-	15.93%	12.43%	5.88%	-	5.53%	4.43%	5.21%
Net margin (%)	-	13.56%	10.35%	3.59%	6.32%	3.65%	2.81%	3.61%
FCF margin (%)	-	18.55%	2.47%	3.65%	-	-	-	-
FCF / Net Income (%)	-	136.8%	23.87%	101.66%	-	-	-	-
Profitability
ROA	7.96%	6.98%	5.82%	2.73%	3.19%	2.66%	-	-
ROE	18.03%	16.25%	14.4%	4.65%	8.06%	4.93%	-	-
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	0.47%	0.54%	2.44%	10.03%	-	-	-
CAPEX / EBITDA (%)	-	2.09%	3.01%	19.26%	77.28%	-	-	-
CAPEX / FCF (%)	-	2.54%	21.89%	66.83%	-	-	-	-
Items per share
Cash flow per share ¹	-	1.399	0.2548	-	-	-	-	-
Change	-	-	-81.78%	-	-	-	-	-
Dividend per Share ¹	-	0.35	0.36	-	-	-	-	-
Change	-	-	2.86%	-	-	-	-	-
Book Value Per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EPS ¹	-	1	0.88	0.28	-	0.31	0.28	0.38
Change	-	-	-12%	-68.18%	-	-	-9.68%	35.71%
Nbr of stocks (in thousands)	-	32,305	31,775	31,115	-	27,474	24,591	24,591
Announcement Date	-	2/1/22	2/7/23	2/6/24	-	2/3/26	-	-