Let’s dig into the relative performance of 8x8 (NASDAQ:EGHT) and its peers as we unravel the now-completed Q2 video conferencing earnings season.
Work is becoming more distributed, both across geographies and devices. In order for businesses to keep functioning efficiently, they need to be able to communicate as well as they did when the teams were co-located, which drives the demand for integrated communication platforms.
The 4 video conferencing stocks we track reported a satisfactory Q2. As a group, revenues beat analysts’ consensus estimates by 2% while next quarter’s revenue guidance was 0.8% above.
Luckily, video conferencing stocks have performed well with share prices up 17.4% on average since the latest earnings results.
8x8 (NASDAQ:EGHT)
Named after its founding year (1987) with "8x8" representing binary code for communications, 8x8 (NASDAQ:EGHT) provides cloud-based contact center and unified communications solutions that enable businesses to manage customer interactions and internal communications through a single platform.
8x8 reported revenues of $190.2 million, up 4.9% year on year. This print exceeded analysts’ expectations by 4.3%. Overall, it was a satisfactory quarter for the company with a solid beat of analysts’ adjusted operating income estimates but EPS guidance for next quarter missing analysts’ expectations significantly.
8x8 pulled off the biggest analyst estimate beat, highest guidance raise, and highest full-year guidance raise of the whole group. Even though it had a relatively good quarter, the market seems discontent with the results. The stock is down 18.1% since reporting and currently trades at $1.84.
Is now the time to buy 8x8? Access our full analysis of the earnings results here, it’s free.
Best Q2: RingCentral (NYSE:RNG)
Built on its proprietary Message Video Phone (MVP) platform that unifies multiple communication methods, RingCentral (NYSE:RNG) provides AI-driven cloud communications and collaboration solutions that enable businesses to connect through voice, video, messaging, and contact center services.
RingCentral reported revenues of $657 million, up 5.9% year on year, outperforming analysts’ expectations by 1%. The business had a strong quarter with a solid beat of analysts’ billings estimates and full-year EPS guidance beating analysts’ expectations.
The market seems happy with the results as the stock is up 80.8% since reporting. It currently trades at $69.84.
Is now the time to buy RingCentral? Access our full analysis of the earnings results here, it’s free.
Five9 (NASDAQ:FIVN)
Taking its name from the "five nines" (99.999%) standard for optimal service reliability in telecommunications, Five9 (NASDAQ:FIVN) provides cloud-based software that enables businesses to run their contact centers with tools for customer service, sales, and marketing across multiple communication channels.
Five9 reported revenues of $312.4 million, up 10.3% year on year, exceeding analysts’ expectations by 1.9%. Still, it was a mixed quarter as it posted EPS guidance for next quarter missing analysts’ expectations significantly.
Interestingly, the stock is up 11% since the results and currently trades at $31.50.
Read our full analysis of Five9’s results here.
Zoom (NASDAQ:ZM)
Once the verb that defined remote work during the pandemic ("let's Zoom later"), Zoom (NASDAQ:ZM) provides a cloud-based platform for video meetings, phone calls, team chat, and collaboration tools that helps businesses and individuals connect virtually.
Zoom reported revenues of $1.28 billion, up 4.9% year on year. This print topped analysts’ expectations by 0.7%. Aside from that, it was a mixed quarter as it also logged an impressive beat of analysts’ billings estimates but EPS guidance for next quarter missing analysts’ expectations.
Zoom had the weakest performance against analyst estimates, weakest guidance update, and weakest full-year guidance update in the group. The company added 91 enterprise customers paying more than $100,000 annually to reach a total of 4,625. The stock is down 4.3% since reporting and currently trades at $96.63.
Read our full, actionable report on Zoom here, it’s free.
Market Update
Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership.
Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products.
By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals.
Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.