RingCentral, Inc. (NYSE: RNG) announced its financial results for the third quarter ended September 30, 2026, reporting total revenue of $676 million, a 5.9% increase year-over-year. Subscriptions revenue, which accounted for 97% of total revenue, reached $653 million, representing a 6.0% increase.
The company reported GAAP operating income of $54 million, compared to $31 million in the prior year, resulting in a GAAP operating margin of 8.0%. Non-GAAP operating income was $167 million, or 24.7% of total revenue, an increase of approximately 190 basis points year-over-year. GAAP diluted earnings per share (EPS) were $6.50, while Non-GAAP diluted EPS was $1.33.
On the balance sheet, RingCentral reduced its gross debt to approximately $1 billion. The company also generated $180 million in net cash from operating activities and $157 million in free cash flow for the quarter. During the period, the company repurchased approximately 0.4 million shares for a total of $18 million.
RingCentral’s Board of Directors approved a quarterly cash dividend of $0.125 per share, payable on November 20, 2026, to stockholders of record as of November 6, 2026.
Regarding future guidance, the company raised its outlook for the full year 2026. It now expects subscriptions revenue between $2.563 billion and $2.569 billion, total revenue between $2.650 billion and $2.657 billion, and non-GAAP EPS between $5.07 and $5.12. The company also raised its guidance for non-GAAP operating margin to approximately 24.0% to 24.2% and free cash flow to $620 million to $630 million.
