Amdocs Shares Plunge 37% After Warning of Up to 18% Fiscal 2027 Revenue Drop
Updated
Updated · CNBC · Nov 4
Amdocs Shares Plunge 37% After Warning of Up to 18% Fiscal 2027 Revenue Drop
1 articles · Updated · CNBC · Nov 4
Summary
Amdocs sank 37% in premarket trading after warning fiscal 2027 revenue could decline by as much as 18%, making it one of the session’s sharpest moves.
The company tied the outlook cut to a dispute with T-Mobile over existing agreements, the completion of an integration project involving U.S. Cellular customers, and lower discretionary spending by T-Mobile.
The warning stood out in a mixed earnings-driven tape, where software names split sharply—Datadog fell 17% on soft guidance while Duolingo rose 18% and Block gained 9% after beats.
Broader premarket trading was also shaped by politics, with Trump Media down 11%, Tesla off nearly 6% and several data-center-linked stocks lower after Democrats won control of Congress.