Quarterly ResultMay 7, 2026, 04:39 PM
RingCentral Q1 Revenue $644M, GAAP EPS $0.35; Raises FY Outlook
AI Summary
RingCentral reported strong first quarter 2026 financial results, with total revenue reaching $644 million, up 5% year-over-year, and GAAP EPS improving to $0.35 from a loss in the prior year. The company achieved record operating margins and robust free cash flow, driven by significant traction in its AI-powered customer engagement platform. Consequently, RingCentral raised its full-year 2026 outlook for revenue, margins, and free cash flow, while also declaring a quarterly dividend of $0.075 per share and repaying $609 million in convertible notes.
Key Highlights
- Raised full-year 2026 total revenue outlook to $2.62B-$2.64B.
- Raised full-year 2026 non-GAAP operating margin to 23.3%-23.7%.
- Q1 2026 total revenue $644 million, up 5% year-over-year.
- Q1 2026 GAAP EPS $0.35, compared to $(0.11) last year.
- Q1 2026 non-GAAP operating margin 22.9%, up 110 bps YoY.
- Q1 2026 free cash flow $141 million, up 8.0% year-over-year.
- Repaid $609 million aggregate principal of Convertible Senior Notes.
- Declared quarterly cash dividend of $0.075 per share.