RingCentral, Inc. ($RNG) reported second-quarter 2026 revenue of $657.0 million, essentially in line with expectations and up 5.9% from a year earlier. Gross profit rose to $472.3 million, while operating profit increased to $50.3 million, reflecting stronger profitability across the business.
Net income attributable to common shareholders climbed sharply to $39.1 million, and diluted earnings per share improved to $0.45. Operating cash flow also strengthened, reaching $206.4 million, suggesting solid cash generation during the quarter.
On the balance sheet, cash and cash equivalents totaled $111.5 million. Total liabilities declined to $1.8 billion, while capital spending remained modest at $10.6 million.
- Revenue: $657.0 million
- Gross profit: $472.3 million
- Operating profit: $50.3 million
- Net income: $39.1 million
- Diluted EPS: $0.45
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
RingCentral, Inc. Insider Trading Activity
RingCentral, Inc. insiders have traded $RNG stock on the open market 46 times in the past 6 months. Of those trades, 0 have been purchases and 46 have been sales.
Here’s a breakdown of recent trading of $RNG stock by insiders over the last 6 months:
- VLADIMIR SHMUNIS (CEO and Chairman) has made 0 purchases and 12 sales selling 168,367 shares for an estimated $6,053,458.
- KIRA MAKAGON (President and COO) has made 0 purchases and 11 sales selling 142,724 shares for an estimated $5,221,221.
- VAIBHAV AGARWAL (Chief Financial Officer) has made 0 purchases and 10 sales selling 44,958 shares for an estimated $1,711,347.
- TARUN ARORA (Chief Accounting Officer) has made 0 purchases and 8 sales selling 14,154 shares for an estimated $559,141.
- ROBERT I THEIS has made 0 purchases and 3 sales selling 5,059 shares for an estimated $197,728.
- AMY GUGGENHEIM SHENKAN has made 0 purchases and 2 sales selling 2,529 shares for an estimated $99,287.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
RingCentral, Inc. Hedge Fund Activity
We have seen 191 institutional investors add shares of RingCentral, Inc. stock to their portfolio, and 131 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. added 5,530,267 shares (+97.6%) to their portfolio in Q1 2026, for an estimated $205,670,629
- MARSHALL WACE, LLP removed 1,190,568 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $44,277,223
- QUANTINNO CAPITAL MANAGEMENT LP added 1,187,437 shares (+150.4%) to their portfolio in Q1 2026, for an estimated $44,160,782
- STATE STREET CORP added 1,129,034 shares (+63.6%) to their portfolio in Q1 2026, for an estimated $41,988,774
- GOLDMAN SACHS GROUP INC added 868,337 shares (+194.3%) to their portfolio in Q1 2026, for an estimated $32,293,453
- CAPITAL WORLD INVESTORS removed 767,279 shares (-6.5%) from their portfolio in Q1 2026, for an estimated $28,535,106
- INVENOMIC CAPITAL MANAGEMENT LP removed 725,726 shares (-47.2%) from their portfolio in Q1 2026, for an estimated $26,989,749
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
RingCentral, Inc. Government Contracts
We have seen $45,200 of award payments to $RNG over the last year.
Here are some of the awards which we have have seen pay out the most over the last year:
- UCAAS SYSTEM FOR SAO - HAWAII: $45,200
To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.
RingCentral, Inc. Analyst Ratings
Wall Street analysts have issued reports on $RNG in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Rosenblatt issued a "Buy" rating on 05/08/2026
To track analyst ratings and price targets for RingCentral, Inc., check out Quiver Quantitative's $RNG forecast page.
RingCentral, Inc. Price Targets
Multiple analysts have issued price targets for $RNG recently. We have seen 7 analysts offer price targets for $RNG in the last 6 months, with a median target of $40.0.
Here are some recent targets:
- Elizabeth Porter from Morgan Stanley set a target price of $40.0 on 05/11/2026
- Catharine Trebnick from Rosenblatt set a target price of $50.0 on 05/08/2026
- Ryan Macwilliams from Wells Fargo set a target price of $43.0 on 05/08/2026
- Joshua Reilly from Needham set a target price of $55.0 on 03/13/2026
- James Fish from Piper Sandler set a target price of $37.0 on 02/23/2026
- William Power from Baird set a target price of $34.0 on 02/23/2026
- Siti Panigrahi from Mizuho set a target price of $32.0 on 02/20/2026
