RingCentral Posts 3Q EPS of $6.50
RNG has more than doubled off its 52-week low of $24.14.
Summary
RingCentral reported third-quarter EPS of $6.50, per Dow Jones Newswires, alongside adjusted EPS of $1.33, net income of $569.7M and revenue of $676M, and declared a $0.125 dividend. The company raised its FY26 total revenue guidance to $2.650-$2.657 billion, non-GAAP operating margin to ~24.0%-24.2%, non-GAAP EPS to $5.07-$5.12 and free cash flow to $620-$630 million. The figure lands after a Q2 in which the company beat guidance, raised its full-year outlook, and lifted its quarterly dividend by 67%, so the print extends a run of improving profitability.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — RingCentral raised FY26 total revenue guidance to $2.650-$2.657 billion, non-GAAP operating margin to ~24.0%-24.2%, non-GAAP EPS to $5.07-$5.12 and free cash flow to $620-$630 million.
At the time of this announcement, RNG was trading at $79.42 on NYSE in the Technology sector, with a market capitalization of approximately $6.6B. The 52-week trading range was $24.14 to $83.72. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.