earnings
confidence high
sentiment positive
materiality 0.80
RingCentral Q2 revenue up 5.9% to $657M; raises FY guidance; dividend up 67%
RingCentral, Inc.
- Q2 total revenue $657M (+5.9% YoY); subscriptions $634M (+5.8% YoY); GAAP EPS $0.45, non-GAAP EPS $1.22 (both above guidance high end).
- Non-GAAP operating margin 23.4% (+90 bps YoY); free cash flow $180M (+24.8% YoY); repurchased 2.2M shares for $94M.
- Quarterly dividend raised ~67% to $0.125/share; payable Aug 20, record Aug 6.
- Full-year guidance raised: total revenue $2.635-2.646B, non-GAAP EPS $4.96-5.10, FCF $615-625M.
- 13% of ARR from customers using paid AI product, doubled YoY; company cites AI momentum.