RingCentral
Combines phone, contact center, collaboration, and voice AI for business communications.
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Profile
Sells a cloud communications platform spanning phone, SMS, contact center, workforce engagement, video collaboration, messaging, and voice-oriented AI. Partner channels and migration paths connect legacy PBX customers to cloud communications.
Delivers a cloud communications platform that combines business phone, SMS, contact center, workforce engagement management, video collaboration, and messaging. Its agentic AI portfolio includes autonomous voice agents, in-the-moment assistance, and interaction analysis.
The platform expanded from cloud business phone through chat, video, and interactive-event capabilities. In 2023, it added Hopin's Events and Session product lines to extend specialized video and interactive-event use cases. Enterprise migration paths use partnerships with Avaya and Mitel to connect legacy on-premises PBX customers to cloud communications. Those paths rely on partner channels and legacy-PBX transitions.
Company facts
Categories
Key statistics
Year to date +151% · Average volume (30d) 2.2M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 28, 2026 | Needham | Reiterate | Buy | $55 | $85 |
| Aug 25, 2026 | Wells Fargo | Reiterate | Equal Weight | $32 | $65 |
| Jul 24, 2026 | Piper Sandler | Reiterate | Neutral | $37 | $43 |
| May 11, 2026 | Morgan Stanley | Reiterate | Equal Weight | $30 | $40 |
| May 9, 2026 | Jefferies | Target | $50 | $40 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 23, 2026Q2 FY26 | $1.16 | $1.22 | +5.2% | $650.5M | $657.0M | +1.0% | +25.09% |
| May 7, 2026Q1 FY26 | $1.17 | $1.20 | +2.6% | $642.7M | $644.2M | +0.2% | +0.53% |
| Feb 19, 2026Q4 FY25 | $1.14 | $1.18 | +3.5% | $643.6M | $644.0M | +0.1% | +34.40% |
| Nov 3, 2025Q3 FY25 | $1.08 | $1.13 | +4.6% | $643.5M | $638.7M | −0.8% | −8.25% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $612.1M | $620.4M | $638.7M | $644.0M | $644.2M | $657.0M | |
| Gross profit | $431.6M | $441.4M | $458.3M | $459.8M | $464.8M | $472.3M | |
| Operating income | $10.3M | $37.0M | $30.8M | $48.1M | $50.0M | $50.3M | |
| Net income | −$10.3M | $13.2M | $17.6M | $23.0M | $30.6M | $39.1M | |
| Diluted EPS | −$0.11 | $0.14 | $0.19 | $0.26 | $0.35 | $0.45 | |
| Gross margin | 70.5% | 71.2% | 71.8% | 71.4% | 72.1% | 71.9% | |
| Operating margin | 1.7% | 6.0% | 4.8% | 7.5% | 7.8% | 7.7% |
Fiscal years (4-quarter sums)FY21 $1.59B · FY22 $1.99B · FY23 $2.20B · FY24 $2.40B · FY25 $2.52B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $111.5M · Total debt $1.34B · Total assets $1.38B · Shareholders' equity −$610.4M
Dividends
Last raised to $0.125 from $0.075 in Aug 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 6, 2026 | Aug 6 | Aug 20 | $0.125 | raised from $0.075 |
| Jun 2, 2026 | Jun 2 | Jun 11 | $0.075 | |
| Mar 9, 2026 | Mar 9 | Mar 16 | $0.075 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 86.23M · Float 72.47M · 84.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Capital World Investors | 11.08M | 12.85% | 13F | Aug 12, 2026 |
| BlackRock, Inc. | 10.80M | 12.52% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 6.50M | 7.54% | 13F | Aug 13, 2026 |
| Ameriprise Financial Inc | 5.12M | 5.94% | 13F | Aug 14, 2026 |
| LSV Asset Management | 3.98M | 5.40% | 13G | Aug 6, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 25, 2026 | Tarun Arora | officer: Chief Accounting Officer | −675 | $67.45 |
| Aug 21, 2026 | Vaibhav Agarwal | officer: Chief Financial Officer | −4,044 | $65.07 |
| Aug 21, 2026 | Tarun Arora | officer: Chief Accounting Officer | −1,876 | $65.26 |
| Aug 18, 2026 | Vaibhav Agarwal | officer: Chief Financial Officer | −1,688 | $65.50 |
| Jul 2, 2026 | Amy Guggenheim Shenkan | director | −1,265 | $40.59 |
Peers
- Microsoft
Broad UCaaS and collaboration overlap through Teams and Teams Phone
- Zoom Communications
Cloud phone, video, contact center and workforce-management overlap
- Cisco Systems
Enterprise calling and collaboration overlap through Webex
- NiCE (ADR)
CXone overlaps in cloud contact center, WEM and AI customer experience
- 8x8
Integrated UCaaS and CCaaS platform with AI-enabled customer experience
- Five9
Cloud contact-center and workforce-optimization overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| RingCentral | $69.20 | −0.25% | $5.98B | 55.5 | 13.1 | 2.3 | +5.9% |
| Microsoft | $513.06 | −0.06% | $3.81T | 28.6 | 26.2 | 11.5 | +17.8% |
| Zoom Communications | $98.29 | −0.11% | $28.86B | 9.1 | 16.1 | 5.8 | +4.9% |
| Cisco Systems | $109.95 | +0.01% | $433.28B | 33.0 | 21.4 | 6.8 | +17.6% |
| NiCE (ADR) | $108.17 | −0.68% | $6.38B | 15.8 | 9.2 | 2.0 | +7.7% |
| 8x8 | $1.99 | +0.25% | $282.1M | 62.4 | 5.5 | 0.4 | +4.8% |
| Five9 | $33.81 | −0.70% | $2.61B | 49.3 | 9.4 | 2.2 | +10.3% |
| Median | 30.8 | 12.8 | 4.0 | +9.0% |