RingCentral (3RCA) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

May 12, 2026

After Close (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

0.99

Last Year’s EPS

0.85

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 10 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 19, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call communicates strong financial discipline and meaningful progress: record free cash flow (+32% YoY), margin expansion (non-GAAP operating margin ~22.5%, GAAP profit for the year), significant AI product momentum (new products $100M ARR; AI ARR tripled; RCAI customers ~10% of ARR), balance sheet deleveraging and new shareholder returns (first quarterly dividend + increased buyback authorization). Offsetting items are modest top-line growth (mid-single digits), enterprise pricing pressure due to COVID lapping, remaining elevated SBC (guidance ~9% of revenue in 2026), and a near-term convertible refinancing need. Overall, positive operational and cash-flow improvements and accelerating AI adoption outweigh the near-term growth and financing headwinds.

Company Guidance

RingCentral guided full‑year 2026 subscription revenue growth of 4.5%–5.5% and total revenue growth of 4%–5%, with GAAP operating margin of 8.6%–9.6% (≈430 bps expansion at the midpoint) and non‑GAAP operating margin of 23%–23.5% (≈75 bps expansion at the midpoint). Management expects free cash flow of $580M–$600M (≈$590M midpoint, +11% YoY), free cash flow per share of $6.67–$6.94 based on 86.5–87.0M diluted shares (≈+17% at midpoint), non‑GAAP EPS of $4.76–$4.97 (≈+11% at midpoint), SBC of $240M–$250M (≈9% of revenue at midpoint) with in‑year new stock grants of $145M–$155M, and noted a longer‑term steady‑state SBC goal of 3%–4% and a target GAAP margin of ~20% in 3–4 years. Q1 2026 guidance is subscription revenue $622M–$625M, total revenue $640M–$645M, GAAP operating margin 7.1%–8.2%, non‑GAAP operating margin 22.8%–22.9%, non‑GAAP EPS $1.16–$1.19 and SBC $60M–$65M. They also reiterated capital priorities to reduce gross debt to $1B by end‑2026, address a $609M convertible due March 2026 (with $955M undrawn credit available), expand buybacks (total authorization $500M) and initiate a $0.075 quarterly dividend.

Revenue and Subscription Growth

Full-year total revenue of $2.52B, up 4.8% year-over-year; full-year subscription revenue of $2.43B, up 5.6% YoY. Q4 subscription revenue $622M (+5.5% YoY) and Q4 total revenue $644M (+4.8% YoY).

Record Free Cash Flow and Strong FCF Per Share

Generated record free cash flow of $530M in 2025, up 32% YoY. Q4 free cash flow $126M, up 13% YoY. Free cash flow per share increased 36% to $5.81. 2026 free cash flow guidance $580M–$600M (midpoint +11% YoY).

Improving Profitability and Margin Expansion

Achieved full-year GAAP operating margin of 4.8% (positive GAAP operating profit) and GAAP EPS of $0.48. Non-GAAP operating margin improved to 22.5% (up ~150 bps YoY); Q4 non-GAAP operating margin 22.8% (up ~140 bps YoY). Non-GAAP EPS $4.36 for 2025 (up 18% YoY) and Q4 non-GAAP EPS $1.18 (above guidance). Company expects GAAP operating margin ~8.6%–9.6% in 2026 and a long-term target of ~20% in 3–4 years.

AI & New Product Revenue Momentum

Reached $100M ARR from new products in 2025. Pure AI ARR almost tripled year-over-year. Customers using at least one paid AI product (RCAI utilizing customers) have more than doubled YoY and now approach ~10% of overall ARR.

Strong Customer Adoption of Agentic Voice AI

AIR customer count reached 8,300 (up 44% sequentially). ACE customer count exceeded 4,800 (up 144% YoY). RingCX adoption >1,500 customers (nearly doubled YoY) with revenue and ARR more than doubled. Over 50% of $1M+ TCV deals included RingCX and >50% of RingCX deals included AI. RCAI customers show higher ARPU and net retention rates >100%.

Capital Returns and Shareholder-Friendly Actions

Board approved first-ever quarterly dividend of $0.075 per share. Repurchased ~5M shares for $135M in Q4 and used $334M toward buybacks in 2025. Board increased share repurchase authorization by $250M to a total of $500M.

Balance Sheet Strength and Deleveraging Progress

Reduced debt by >$275M and ended the year at ~1.7x net leverage. Maintains $955M undrawn credit facility and plans to reduce gross debt to $1B by end of 2026. Convertible maturity in March 2026 is planned to be addressed using available facilities, leaving no maturities until 2030 thereafter.

RingCentral (DE:3RCA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DE:3RCA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 12, 2026	2026 (Q1)	0.99 / -	0.846	―	―	―
Feb 19, 2026	2025 (Q4)	0.96 / 1.00	0.829	20.41% (+0.17)
Nov 03, 2025	2025 (Q3)	0.91 / 0.96	0.804	18.95% (+0.15)
Aug 05, 2025	2025 (Q2)	0.87 / 0.90	0.77	16.48% (+0.13)
May 08, 2025	2025 (Q1)	0.81 / 0.85	0.736	14.94% (+0.11)
Feb 20, 2025	2024 (Q4)	0.82 / 0.83	0.728	13.95% (+0.10)
Nov 07, 2024	2024 (Q3)	0.78 / 0.80	0.66	21.79% (+0.14)
Aug 01, 2024	2024 (Q2)	0.74 / 0.77	0.702	9.64% (+0.07)
May 07, 2024	2024 (Q1)	0.68 / 0.74	0.643	14.47% (+0.09)
Feb 20, 2024	2023 (Q4)	0.70 / 0.73	0.508	43.33% (+0.22)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DE:3RCA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 19, 2026	€24.50	€32.82	+33.96%
Nov 03, 2025	€25.44	€24.41	-4.05%
Aug 05, 2025	€20.71	€24.56	+18.59%
May 08, 2025	€23.34	€24.77	+6.13%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.