RingCentral lifts FCF view to $615M-$625M, hikes dividend

RingCentral reported second-quarter results and raised its full-year free cash flow forecast to $615 million to $625 million. The company also increased its quarterly dividend to $0.125 a share.

Executives on the earnings call pointed to AI monetization and expanded partnerships with NICE and Avaya as drivers of the improved outlook. The company raised its overall guidance for the year, though it did not disclose specific revenue or earnings targets beyond the free cash flow range.

RingCentral also increased its share repurchase authorization, executives said. The dividend increase, the first in two years, signals confidence in cash generation as the company shifts toward higher-margin cloud communications products.