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Ribbon Communications (RBBN) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 28, 2026 · Ribbon Communications (RBBN) Q3 2026 earnings results →

Q3 2026 Revenue up 2% year over year to $219M · 4¢ of every $1 of revenue lost · operating margin 2.6%

Ribbon Communications made $219M in Q3 2026 (+2% Y/Y): Product $121M, Service $97.4M. Operating margin 2.6%, net loss $9.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 28, 2026.

Revenue$219M
Year over year+2%
Operating margin2.6%
Net earnings−$9.1M
Operating cash flow−$14.4M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $218.7M in Q3 2026, up 2% year over year and up 14% from the previous quarter. Product was the largest line at 55% of revenue. Product added $11.3M year over year (up 10%), 340% of the total change. Service Revenue, Professional Services declined 12%.

Gross margin was 48.2%, down 1.9 points from Q3 2025. Operating profit was $5.6M, a 2.6% margin (up 1.3 points year over year). Of the extra revenue versus Q3 2025, 85% reached operating profit, above the 1% margin then. Operating expenses fell 5% while revenue rose 2%. The quarter ended with a net loss of $9.1M, narrower than the previous quarter's $26.9M loss. Net interest and other expense of $10.1M was the main reason.

Operating cash flow was −$14.4M. Non-cash charges added back $14.0M of depreciation and amortization and $5.7M of share-based compensation. Working capital and other items used $25.0M. Capital expenditures of $1.1M exceeded it, leaving free cash flow of −$15.5M.

Quarterly history

Ribbon Communications revenue by quarterRibbon Communications revenue by quarter$181MQ1 2025$221MQ2 2025$215MQ3 2025$227MQ4 2025$163MQ1 2026$192MQ2 2026$219MQ3 2026
Ribbon Communications net earnings by quarterRibbon Communications net earnings by quarter−$26.2MQ1 2025−$11.1MQ2 2025−$12.1MQ3 2025$89.1MQ4 2025−$34.5MQ1 2026−$26.9MQ2 2026−$9.1MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 28, 2026$219M+2%2.6%−$9.1M−$14.4M
Q2 202610-QJul 31, 2026$192M-13%-6.4%−$26.9M−$11.5M
Q1 202610-QMay 6, 2026$163M-10%-19.5%−$34.5M−$22.0M
Q4 202510-KFeb 26, 2026$227M-10%4.1%$89.1M$29.2M
Q3 202510-QOct 23, 2025$215M+2%1.3%−$12.1M$26.5M
Q2 202510-QJul 24, 2025$221M+14%1.9%−$11.1M−$795K
Q1 202510-QApr 30, 2025$181M+0.9%-10.8%−$26.2M−$3.5M

Charts

Ribbon Communications: revenue growth, year over year and quarter over quarterRibbon Communications: revenue growth, year over year and quarter over quarterY/YQ/Q+1%Q1 2025+14%+22%Q2 2025+2%-2%Q3 2025-10%+6%Q4 2025-10%-28%Q1 2026-13%+18%Q2 2026+2%+14%Q3 2026
Latest (Q3 2026): Y/Y +2%, Q/Q +14%.
Ribbon Communications: where the cash came from (+) and went (−), TTM to Q3 2026Ribbon Communications: where the cash came from (+) and went (−), TTM to Q3 2026Cash drawn (+) / kept (−)$34.4MOperating cash flow−$18.7MCapital spending−$10.4MBuybacks−$4.0MOther investing−$553KExchange rates−$351KOther financing−$346K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Ribbon Communications: profit against cash, quarter by quarterRibbon Communications: profit against cash, quarter by quarterNet incomeOperating cash flow$6.4M$61.8MQ4 2024−$26.2M−$3.5MQ1 2025−$11.1M−$795KQ2 2025−$12.1M$26.5MQ3 2025$89.1M$29.2MQ4 2025−$34.5M−$22.0MQ1 2026−$26.9M−$11.5MQ2 2026−$9.1M−$14.4MQ3 2026
Latest (Q3 2026): Net income −$9.1M, Operating cash flow −$14.4M.
Ribbon Communications: diluted shares by fiscal yearRibbon Communications: diluted shares by fiscal year145MFY2020148MFY2021157MFY2022170MFY2023174MFY2024180MFY2025
+24.3% since FY2020: more shares outstanding (issuance, stock pay).
Ribbon Communications: long-term debt falling due (FY2025)Ribbon Communications: long-term debt falling due (FY2025)$8.8M2026$13.1M2027$17.5M2028$303M2029
Cash $96.4M, short-term investments —, long-term debt $342M at 2025-12-31.
Ribbon Communications in its industry: growth against margin (40 companies, SIC 7373)Ribbon Communications in its industry: growth against margin (40 companies, SIC 7373)revenue growth, year over year →↑ operating marginmedian +9%median 1%LDOSKDCACISAICPSNGDDYOTEXLAWILJKHYIOTUISWAYNTCTIONQAGYSOSPNTLSSMRTASURWYYSTEMCREXCSPIHCTIQNTDMRCOMQSSLERIMEAURKDKMRLNFUSEODYSVEEAGRHIBNAISUNIDAICRBBN (+2%, 3%)
Services-Computer Integrated Systems Design; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Sells to

About Ribbon Communications

We are a leading global provider of communications technology to service providers and enterprises. We provide a broad range of software and high-performance hardware products, network solutions, and services that enable the secure delivery of data and voice communications, and high-bandwidth networking and connectivity for residential consumers and for small, medium, and large enterprises and industry verticals such as finance, education, government, utilities, and transportation. Our mission is to create a recognized global technology leader that provides network solutions that are scalable, elastic and cloud-centric, enabling the secure exchange of information.

In its own words, from its 10-K, filed Feb 26, 2026.

Ribbon Communications against its Services-Computer Integrated Systems Design peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +2% against the peers' median +2%. Operating margin: 2.6% against the peers' median 10.0%.

CompanyQuarterRevenueY/YOp. margin
RBBN Ribbon CommunicationsQ3 2026$219M+2%2.6%
LDOS Leidos HoldingsQ3 2026$4.6B+4%11.9%
KD Kyndryl HoldingsQ2 FY27$3.7B-2%3.1%
CACI CACI InternationalQ3 2026$2.5B+8%10.0%
SAIC Science Applications InternationalQ2 FY27$1.9B+6%8.1%
PSN ParsonsQ3 2026$1.7B+2%6.3%
GDDY GoDaddyQ3 2026$1.3B+6%27.0%
OTEX Open TextQ1 FY27$1.2B-4%20.3%
LAWIL Light & WonderQ3 2026$824M-2%29.4%

Source: Ribbon Communications 10-Q on SEC EDGAR · CIK 1708055 · Services-Computer Integrated Systems Design

Guidance and outlook

Ribbon Communications Revenue: guidance against what was reportedRibbon Communications Revenue: guidance against what was reportedguided rangereported (above / within / below)Q2 2026$192MQ3 2026$219MQ4 2026
Met or beat 2 of 2 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.

13F: who owns RBBN and who is buying

Largest holders of RBBN (13F)Largest holders of RBBN (13F)Neuberger Berman Group LLC$38.7MVanguard Group$22.6MBlackRock$16.7MDimensional Fund Advisors LP$14.7MRoyce & Associates LP$11.9MVanguard Capital Management LLC$9.2MVanguard Portfolio Management LLC$8.2MGeode Capital Management, LLC$5.8MConnor, Clark & Lunn Investment M…$5.2MState Street$4.5M
Funds' net buying of RBBN by quarter (13F)Funds' net buying of RBBN by quarter (13F)$429K2024-09$424K2024-12$8.8M2025-03$5.2M2025-06$5.5M2025-09$1.8M2025-12$364K2026-03$9.6M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on RBBN

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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