RingCentral (NYSE:RNG) Releases Q2 2026 Earnings Guidance

RingCentral (NYSE:RNG) issued an update on its second quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.150-1.170 for the period, compared to the consensus estimate of 1.060. The company issued revenue guidance of $648.0 million-$653.0 million, compared to the consensus revenue estimate of $648.9 million. RingCentral also updated its FY 2026 guidance to 4.850-5.010 EPS.

RingCentral Stock Performance

Shares of NYSE:RNG opened at $45.73 on Friday. RingCentral has a 52-week low of $23.59 and a 52-week high of $48.57. The company has a market capitalization of $3.96 billion, a P/E ratio of 48.64, a price-to-earnings-growth ratio of 1.74 and a beta of 1.13. The company has a 50-day simple moving average of $38.76 and a 200 day simple moving average of $32.17.

RingCentral (NYSE:RNG) last issued its earnings results on Thursday, May 7th. The software maker reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.03. RingCentral had a net margin of 3.31% and a negative return on equity of 34.90%. The business had revenue of $644.20 million during the quarter, compared to the consensus estimate of $642.73 million. During the same period last year, the business posted $1.00 EPS. RingCentral’s revenue was up 5.3% on a year-over-year basis. RingCentral has set its FY 2026 guidance at 4.850-5.010 EPS and its Q2 2026 guidance at 1.150-1.170 EPS. As a group, equities analysts forecast that RingCentral will post 2.68 earnings per share for the current year.

RingCentral Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Tuesday, June 2nd will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $0.30 annualized dividend and a yield of 0.7%. RingCentral’s dividend payout ratio (DPR) is currently 62.50%.

Analyst Ratings Changes

Several equities research analysts have issued reports on RNG shares. Oppenheimer reaffirmed an “outperform” rating and set a $50.00 price target on shares of RingCentral in a report on Friday. Needham & Company LLC raised their price target on RingCentral from $36.00 to $55.00 and gave the company a “buy” rating in a report on Friday, March 13th. Morgan Stanley raised their price objective on shares of RingCentral from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. Rosenblatt Securities raised their price objective on shares of RingCentral from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Mizuho raised their price objective on shares of RingCentral from $27.00 to $32.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Three equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $41.20.

Insider Buying and Selling

In other news, COO Kira Makagon sold 5,870 shares of the stock in a transaction on Monday, April 27th. The stock was sold at an average price of $40.27, for a total transaction of $236,384.90. Following the sale, the chief operating officer directly owned 236,715 shares of the company’s stock, valued at approximately $9,532,513.05. This represents a 2.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Tarun Arora sold 953 shares of the business’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $43.00, for a total value of $40,979.00. Following the completion of the transaction, the chief accounting officer directly owned 74,539 shares of the company’s stock, valued at approximately $3,205,177. This trade represents a 1.26% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 259,854 shares of company stock valued at $9,312,708. Company insiders own 7.30% of the company’s stock.

RingCentral News Roundup

Here are the key news stories impacting RingCentral this week:

• Positive Sentiment: RingCentral reported Q1 earnings of $1.20 per share, above estimates, with revenue of about $644 million also slightly ahead of expectations. Management said subscription revenue rose about 6% year over year, helped by AI product adoption and expanding margins. RingCentral Announces First Quarter 2026 Financial Results
• Positive Sentiment: The company lifted its full-year 2026 guidance, with EPS now expected above prior consensus and Q2 guidance also coming in above estimates. That stronger outlook suggests improving profitability and execution. RingCentral Q1 Earnings Surpass Estimates, Revenues Increase Y/Y
• Positive Sentiment: Analysts turned more constructive after the report, with Rosenblatt raising its price target to $50 and Wells Fargo lifting its target to $43, reflecting improved expectations around the business. Analyst price target updates
• Positive Sentiment: RingCentral also highlighted new AI-focused product momentum, including “Always-On AI” and recognition as a top provider for AI-powered CCaaS and workforce engagement management, which may support the long-term growth narrative. RingCentral Brings Always-On AI to the Front Lines of Customer Engagement
• Neutral Sentiment: The company announced a quarterly dividend of $0.075 per share, but the yield is modest and the payout is unlikely to be a major driver of the stock. RingCentral stock information

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Harvest Fund Management Co. Ltd acquired a new position in RingCentral during the third quarter valued at approximately $30,000. Global Retirement Partners LLC raised its position in RingCentral by 70.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,540 shares of the software maker’s stock valued at $44,000 after purchasing an additional 639 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in RingCentral by 103.0% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,823 shares of the software maker’s stock valued at $52,000 after purchasing an additional 925 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new position in RingCentral during the fourth quarter valued at approximately $55,000. Finally, Parallel Advisors LLC raised its position in RingCentral by 43.8% during the fourth quarter. Parallel Advisors LLC now owns 2,230 shares of the software maker’s stock valued at $64,000 after purchasing an additional 679 shares in the last quarter. Institutional investors and hedge funds own 98.61% of the company’s stock.

RingCentral Company Profile

RingCentral, Inc is a leading provider of cloud-based business communications and collaboration solutions. The company’s flagship platform delivers unified communications as a service (UCaaS), integrating voice over IP (VoIP) phone systems, video conferencing, team messaging and SMS into a single, cloud-native application. In addition to its UCaaS offering, RingCentral provides contact center as a service (CCaaS) capabilities, enabling organizations to manage customer interactions across voice, email, chat and social channels from a centralized dashboard.

Founded in 1999 and headquartered in Belmont, California, RingCentral went public on the New York Stock Exchange under the ticker RNG in 2013.