Ringcentral

Q3 FY2026 EarningsQ3 FY26 results beat consensus across top and bottom-line metrics, with revenue of $676.0M vs. $667.4M expected and Normalized EPS of $6.50 well above the $1.27 average estimate. The massive EPS beat was primarily driven by a one-time non-cash tax benefit of $544.9M from a valuation allowance release. Subscriptions revenue grew 6% YoY to $652.9M, representing 97% of total sales. While operating margin improved to 8.0%, the company continues to manage a heavy debt load of $1.0B following the full redemption of its 2026 Convertible Notes.