Q1 26 EPS
$0.30
BEAT +17.19%
Est. $0.26
Q1 26 Revenue
$276.3M
BEAT +0.55%
Est. $274.8M
vs S&P Since Q1 26
-52.1%
TRAILING MARKET
BOX -27.3% vs S&P +24.8%
Market Reaction
Did BOX Beat Earnings? Q1 2026 Results
Box delivered a convincing fiscal first-quarter 2026 earnings beat, extending its consensus EPS win streak to five consecutive quarters as the cloud content management company posted non-GAAP diluted EPS of $0.30, clearing the $0.26 analyst estimate … Read more Box delivered a convincing fiscal first-quarter 2026 earnings beat, extending its consensus EPS win streak to five consecutive quarters as the cloud content management company posted non-GAAP diluted EPS of $0.30, clearing the $0.26 analyst estimate by 17.19%. Revenue came in at $276.27 million, ahead of the $274.77 million consensus by 0.55% and up 4.4% year-over-year, with the outperformance driven in large part by explosive booking momentum; billings surged 27% to $242.29 million and remaining performance obligations jumped 21% to $1.47 billion, signaling that demand for Box's AI-driven Intelligent Content Management platform is accelerating well ahead of reported revenue. The company also announced a wave of AI agent integrations with partners including IBM, Google, Salesforce, and ServiceNow, reinforcing its strategic positioning. Looking ahead, management guided Q2 revenue of $290 to $291 million, representing 8% year-over-year growth, with full-year fiscal 2026 revenue expected in the range of $1.17 to $1.17 billion and non-GAAP EPS of $1.22 to $1.26.
Key Takeaways
- • RPO grew 21% year-over-year to $1.469 billion, with short-term RPO up 13% and long-term RPO up 32%
- • Billings grew 27% year-over-year (17% in constant currency) to $242.3 million
- • Revenue growth of 4% year-over-year (5% in constant currency)
- • Non-GAAP gross margin improved to 80.5% from 80.2% year-over-year
BOX YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
“We are at a pivotal moment in history where AI is revolutionizing work and business. In this AI-first era, organizations are embracing this shift to stay competitive. At Box, we help businesses unlock value from their unstructured data with our Intelligent Content Management platform. Earlier this month, we unveiled our largest set of AI innovation yet, including new AI Agents that integrate with the leading models and software platforms to accelerate decision-making, automate workflows, and boost productivity.”
— Aaron Levie, Q1 2026 Earnings Press Release
BOX Earnings Trends
BOX vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
BOX EPS Trend
Earnings per share: estimate vs actual
BOX Revenue Trend
Quarterly revenue: estimate vs actual
BOX Quarterly Results
12 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 27 BEAT | $0.36 | $0.37 | +2.01% | $305.9M | +0.61% |
| Q4 26 BEAT FY | $0.34 | $0.49 | +45.92% | $305.9M | +0.08% |
| FY Full Year | — | $1.44 | — | $1.18B | — |
| Q3 26 MISS | $0.31 | $0.31 | -1.21% | $301.1M | +0.73% |
| Q2 26 BEAT | $0.31 | $0.33 | +6.38% | $294.0M | +1.31% |
| Q1 26 BEAT | $0.26 | $0.30 | +17.19% | $276.3M | +0.55% |
| Q4 25 MISS FY | $0.42 | $0.42 | -0.59% | $279.5M | +0.12% |
| FY Full Year | — | $1.71 | — | $1.09B | — |
| Q3 25 BEAT | $0.42 | $0.45 | +6.46% | $275.9M | +0.30% |
| Q2 25 BEAT | $0.40 | $0.44 | +10.00% | $270.0M | +0.32% |
| Q2 24 BEAT | $0.35 | $0.36 | +2.86% | $261.4M | +0.12% |
| Q4 23 BEAT FY | $0.34 | $0.37 | +8.82% | $256.5M | +0.16% |
| FY Full Year | — | $1.20 | — | $990.9M | — |
| Q2 22 BEAT | $0.19 | $0.21 | +10.53% | $214.5M | +0.96% |
| Q1 22 BEAT | $0.17 | $0.18 | +5.88% | $202.4M | +0.98% |