RingCentral, Inc. (RNG) Q3 FY2026 earnings

Reported results

• Subscriptions revenue increased 6.0% year-over-year to $653 million; total revenue increased 5.9% year-over-year to $676 million
• GAAP operating margin of 8.0%, compared to 4.8% in Q3 2025; non-GAAP operating margin of 24.7%, up approximately 190 basis points year-over-year
• GAAP diluted EPS of $6.50; GAAP diluted EPS excluding valuation allowance release impact was $0.28, up 47.4% year-over-year; non-GAAP EPS of $1.33 compared to $1.13 last year
• Net cash provided by operating activities of $180 million, up 18.8% year-over-year; free cash flow of $157 million, up 21.0% year-over-year
• Non-GAAP adjusted EBITDA of $190 million, or 28.1% of total revenue, compared to $168 million, or 26.3% of total revenue, in Q3 2025
• Gross debt reduced to approximately $1 billion; cash and cash equivalents at end of Q3 2026 was $110 million

Guidance

• Q4 2026: Subscriptions revenue of $653 to $659 million; total revenue of $673 to $680 million
• Q4 2026: GAAP operating margin of 13.3% to 14.7%; non-GAAP operating margin of 25.0% to 25.5%
• Q4 2026: Non-GAAP EPS of $1.32 to $1.37 based on approximately 88.7 million fully diluted shares
• Full year 2026: Subscriptions revenue range raised to $2.563 billion to $2.569 billion; total revenue range raised to $2.650 billion to $2.657 billion
• Full year 2026: GAAP operating margin raised to 9.2% to 9.6%; non-GAAP operating margin raised to approximately 24.0% to 24.2%
• Full year 2026: Non-GAAP EPS raised to $5.07 to $5.12 based on 87.5 million fully diluted shares; free cash flow guidance raised to $620 to $630 million

Notes

GAAP diluted EPS of $6.50 in Q3 2026 includes a significant benefit from a partial release of valuation allowance on U.S. deferred tax assets ($544.9 million tax benefit). The company excludes this in the adjusted figure of $0.28, which is the comparable metric to prior year. Board approved a quarterly cash dividend of $0.125 per share payable November 20, 2026.

Price and volatility reaction

The stock moved +5.0% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -16.8 vol points across the event (constant-maturity series — not the front-week crush).

Source

The figures above come from the earnings release the company filed with the SEC on 2026-10-22 (8-K, Item 2.02). Read the original filing on sec.gov.