Rimini Street stock: LD Micro event outlines AI push for Rimini Street stock

Published on 10/24/2026 at 04:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Rimini Street posted USD 111.1 million in second-quarter 2026 revenue. Rimini Street stock faces a USD 6.33 target before October 29, 2026 results.

Growth and reporting timetable

At the October 21, 2026 LD Micro event, Rimini Street described annual recurring revenue above USD 400 million.
Management expects adjusted EBITDA growth of 12.50 percent to 15.50 percent in its current outlook.
Rimini Street plans to report third-quarter 2026 results on October 29, 2026.
The company had a USD 374.4 million market capitalization as of October 23, 2026.

RMNI, US76674Q1076, Illustration mit AI erstellt.

Rimini Street (ISIN US76674Q1076) described annual recurring revenue above USD 400 million at an October 21, 2026 conference, where management outlined a broader artificial intelligence strategy. According to Investing.com, the company serves about 1,600 enterprise clients and gross retention reached 90 percent in the latest quarter.

AI strategy adds a growth test

The conference put Rimini Street's core support business beside its newer managed-services and AI offerings. Support still generated 88 percent of revenue, while management said the company is positioning its products to help customers modernize existing Oracle and SAP systems instead of replacing them, according to Investing.com. That mix gives the market a concrete test: can higher-value services expand margins while retention holds at 90 percent?

Three dates shape the setup

On July 30, 2026, Rimini Street reported second-quarter revenue of USD 111.1 million, up 6.70 percent year over year, according to Rimini Street.

On October 19, 2026, the company announced that it would report third-quarter results after the market close on October 29, 2026, according to Rimini Street.

On October 21, 2026, management said adjusted EBITDA growth was expected at 12.50 percent to 15.50 percent, making profitability the next measurable part of the expansion story.

What does the AI strategy mean for margins?

The answer depends on whether the new offerings add revenue without pushing costs faster. Management said gross margin should stay above 60 percent and expects operating leverage to begin in the second half of 2026, while PeopleSoft revenue had declined to about 2 percent of total revenue and is being phased out by July 2028, according to Investing.com. That transition makes retention, billings and adjusted EBITDA important checks on the strategy.

Next reporting date

Rimini Street's next substantiated reporting date is October 29, 2026, when the company plans to release third-quarter results after the Nasdaq close and discuss its fourth-quarter outlook.

Nasdaq price context

Rimini Street was last at USD 4.01 on Nasdaq on October 23, 2026 at 4:00 p.m. ET. The company had a USD 374.4 million market capitalization and a USD 2.87 to USD 5.68 52-week range as of October 23, 2026.

The further course of trading is shown by the continuously updated real-time quote of Rimini Street stock.