Amdocs Limited (DOX) Investigation

The investigation stems from disclosures made by Amdocs on November 3, 2026, when the company reported its fourth-quarter and full-year fiscal 2026 financial results.

Amdocs revealed for the first time that it and its major client, T-Mobile USA, had exchanged formal legal notices alleging material breaches under their software and services agreements. According to public disclosures, both parties have threatened contract termination, monetary damages, and potential arbitration.

As a direct result of the escalating contractual dispute and pulled-back discretionary spending from T-Mobile, Amdocs drastically lowered its fiscal year 2027 guidance:

• Revenue Decline: Amdocs guided fiscal 2027 revenue down 14.3% to 17.9% year-over-year.
• Earnings Cut: Non-GAAP diluted earnings per share (EPS) are projected to plunge 26% to 30%.
• Backlog Contraction: Pro forma 12-month order backlog fell 9.6% to $3.5 billion, primarily driven by T-Mobile contract adjustments.

Management acknowledged on its earnings call that its conservative guidance incorporates a full termination scenario of the T-Mobile contracts. Following these revelations, Amdocs stock plummeted during intraday trading on November 4, 2026, erasing billions of dollars in shareholder value.

Focus of Hagens Berman's Legal Inquiry

Earlier in February 2026, Amdocs publicly touted a major, multi-year strategic agreement expansion with T-Mobile, presenting the relationship as a long-term growth driver across managed services and system integrations. Hagens Berman's investigation focuses on whether Amdocs leadership knew of escalating operational breakdowns, default notices, or material breaches prior to November 3, 2026.

FREQUENTLY ASKED QUESTIONS ABOUT THE CASE

What is the DOX investigation about?

We are evaluating whether Amdocs misled the market by potentially omitting to disclose contract strain and breach allegations with its most significant customer while maintaining its financial projections.

WHAT SHOULD I DO?

I worked at DOX. What should I do?

If you were an employee of DOX, you may have valuable information that could be relevant to the investigation. Hagens Berman is one of the nation’s top whistleblower law firms, and has successfully represented many individuals who come forward with information regarding corporate malfeasance. Under the new SEC Whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, contact Reed Kathrein at 844-916-0895 or [email protected].

There are multiple law firms participating, do I need to contact all of them?

No, you do not need to contact all participating law firms. Generally, class-action investigations and lawsuits are consolidated into a single case to streamline the legal process, and attorneys from only a few law firms are selected to serve in a leadership role on the consolidated case. Hagens Berman has a proven track record of being appointed to leadership roles in complex, multidistrict litigation regarding investor fraud and other consumer rights issues, and your claim will be handled by attorneys who have helped secure approximately $325 billion in class-action settlements on behalf of individuals who have suffered due to corporate malfeasance and the wrongdoing of other powerful institutions.

AM I ELIGIBLE?

What is the threshold amount to be eligible? What are “substantial” losses?

The threshold amount and the definition of "substantial" losses may vary depending on a number of factors specific to the case, including the size of the company, market cap, shares outstanding and who holds them and the damages alleged by the fraud. In general, to be eligible to participate in a class-action lawsuit, you must be able to demonstrate that you suffered financial losses as a result of the alleged wrongdoing and that your losses meet the criteria set by the court or law firm. Fill out the form and submit your losses.

CAN I PARTICIPATE?

Am I affected? What do I need to do to participate?

If you were an investor in DOX, you may be affected and eligible to participate in the case. To determine your eligibility and potential involvement, fill out the form and submit your losses.

Can any DOX investor participate?

In most class-action investigations and cases, any investor who meets the eligibility criteria, including purchasing the shares during the relevant period, can participate, regardless of the size of their investment. Fill out the form to find out your rights.

I bought on a non-U.S. Exchange. Can I participate?

No. This investigation only covers shares bought on a U.S. exchange, i.e. NASDAQ or NYSE. Fill out the form to find out your rights.

Am I included if I still hold my shares, or do I need to sell to participate?

Participation is based on purchasing shares during the relevant period, rather than your current holdings. Accordingly, you do not need to sell to participate. Fill out the form to find out your rights.