RingCentral (NYSE:RNG) Updates Q2 2026 Earnings Guidance

RingCentral (NYSE:RNG) issued an update on its second quarter 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 1.150-1.170 for the period, compared to the consensus EPS 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.

Analysts Set New Price Targets

A number of brokerages have issued reports on RNG. Oppenheimer restated an “outperform” rating on shares of RingCentral in a research note on Friday, February 20th. Piper Sandler lifted their price objective on shares of RingCentral from $28.00 to $37.00 and gave the stock a “neutral” rating in a research note on Monday, February 23rd. Rosenblatt Securities boosted their price objective on shares of RingCentral from $32.00 to $37.50 and gave the company a “buy” rating in a report on Friday, February 20th. Morgan Stanley raised their target price on RingCentral from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Friday, February 20th. Finally, Needham & Company LLC lifted their price target on RingCentral from $36.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, March 13th. Four analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, RingCentral currently has an average rating of “Hold” and a consensus price target of $35.63.

RingCentral Trading Down 0.6%

RNG opened at $45.45 on Friday. RingCentral has a 12-month low of $23.59 and a 12-month high of $48.57. The firm has a 50 day moving average of $38.76 and a two-hundred day moving average of $32.17. The firm has a market capitalization of $3.93 billion, a PE ratio of 94.70, a P/E/G ratio of 1.75 and a beta of 1.13.

RingCentral (NYSE:RNG) last released its quarterly earnings data on Thursday, February 19th. The software maker reported $1.18 EPS for the quarter, beating the consensus estimate of $1.14 by $0.04. The business had revenue of $644.03 million for the quarter, compared to the consensus estimate of $643.52 million. RingCentral had a net margin of 1.73% and a negative return on equity of 28.14%. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.98 EPS. RingCentral has set its FY 2026 guidance at 4.760-4.970 EPS and its Q1 2026 guidance at 1.160-1.190 EPS. As a group, analysts predict that RingCentral will post 2.68 EPS for the current fiscal year.

RingCentral Announces Dividend

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

Insider Buying and Selling

In other news, CFO Vaibhav Agarwal sold 18,680 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $36.33, for a total value of $678,644.40. Following the completion of the transaction, the chief financial officer owned 139,493 shares of the company’s stock, valued at $5,067,780.69. The trade was a 11.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Vladimir Shmunis sold 95,831 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $35.59, for a total value of $3,410,625.29. Following the completion of the transaction, the chief executive officer directly owned 126,685 shares of the company’s stock, valued at approximately $4,508,719.15. This trade represents a 43.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 259,854 shares of company stock worth $9,312,708. Corporate insiders own 7.30% of the company’s stock.

Key RingCentral News

Here are the key news stories impacting RingCentral this week:

• Positive Sentiment: Q1 earnings beat and underlying improvement: RingCentral reported $1.20 EPS vs. $1.17 consensus and $1.00 a year ago, showing earnings momentum that outpaced estimates. RingCentral (RNG) Q1 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Raised guidance — bullish forward outlook: Management boosted Q2 EPS guidance to $1.150–1.170 (well above the prior consensus ~$1.06) and FY2026 EPS to $4.850–5.010 (vs. ~4.42 consensus), signaling confidence in margin expansion and growth. RingCentral Announces First Quarter 2026 Financial Results
• Positive Sentiment: Margins improved materially: GAAP operating margin widened to 7.8% from 1.7% year?over?year, and non?GAAP operating margin rose to 22.9% (up 110 bps), supporting the company’s stronger EPS guide. RingCentral Announces First Quarter 2026 Financial Results
• Neutral Sentiment: Revenue growth is modest: Total revenue rose ~5% year?over?year to $644M, and subscriptions revenue was up ~6% to $623M — a steady recovery but not a breakout, which may temper upside. RingCentral (RNG) Reports Q1 Earnings: What Key Metrics Have to Say
• Neutral Sentiment: Unusual options activity: Large call purchases were reported (?4,098 calls), suggesting some speculative or hedged bullish interest in the near term. This can amplify intraday moves but is not a fundamental change.
• Negative Sentiment: Profitability and capital returns remain mixed: Despite operating margin gains, GAAP net margin is low (~1.7%) and return on equity is negative (~?28.1%), which supports skepticism about sustained shareholder returns. Listen to Conference Call
• Negative Sentiment: High valuation leaves less room for disappointment: RNG trades at a high P/E (~95) and a premium to peers, so even good results can trigger profit?taking if investors worry about growth sustainability.

Hedge Funds Weigh In On RingCentral

Several institutional investors have recently made changes to their positions in RNG. Harvest Fund Management Co. Ltd acquired a new position in shares of RingCentral in the 3rd quarter valued at $30,000. Global Retirement Partners LLC boosted its holdings in RingCentral by 70.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,540 shares of the software maker’s stock worth $44,000 after buying an additional 639 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew 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 buying an additional 925 shares during the period. Atlas Capital Advisors Inc. acquired a new stake in RingCentral during the fourth quarter valued at $55,000. Finally, Parallel Advisors LLC increased its holdings in RingCentral by 43.8% in the fourth quarter. Parallel Advisors LLC now owns 2,230 shares of the software maker’s stock valued at $64,000 after buying an additional 679 shares in the last quarter. 98.61% of the stock is owned by hedge funds and other institutional investors.

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.