Q2 26 EPS
$0.33
BEAT +6.38%
Est. $0.31
Q2 26 Revenue
$294.0M
BEAT +1.31%
Est. $290.2M
vs S&P Since Q2 26
-33.8%
TRAILING MARKET
BOX -20.4% vs S&P +13.4%
Market Reaction
Did BOX Beat Earnings? Q2 2026 Results
Box delivered a clean beat across the board in fiscal Q2 2026, with revenue climbing 8.9% year-over-year to $294 million against a consensus estimate of $290.19 million, while non-GAAP diluted EPS of $0.33 cleared the $0.31 estimate by 6.38%, extendi… Read more Box delivered a clean beat across the board in fiscal Q2 2026, with revenue climbing 8.9% year-over-year to $294 million against a consensus estimate of $290.19 million, while non-GAAP diluted EPS of $0.33 cleared the $0.31 estimate by 6.38%, extending the company's streak to five consecutive quarters of EPS beats. The primary engine behind the results was accelerating adoption of Box's Enterprise Advanced offering, which bundles AI agents, intelligent workflow automation, and secure content management into a single plan, helping drive remaining performance obligations up 16% year-over-year to $1.50 billion and providing strong visibility into future revenue. Non-GAAP operating margin ticked up to 28.6% from 28.4% a year ago, while operating cash flow grew 27% to $45.96 million. Management raised its full-year FY26 revenue guidance to $1.17 billion to $1.18 billion, up 8% year-over-year, with non-GAAP EPS expected in the range of $1.26 to $1.28, reflecting continued confidence in its AI monetization trajectory.
Key Takeaways
- • Strong momentum with Enterprise Advanced plan
- • Strong demand for Box AI capabilities
- • Double-digit short-term RPO growth of 12%
- • RPO growth of 16% year-over-year to $1.5 billion
- • Operating results above guidance
BOX YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
“With Box's Intelligent Content Management platform, enterprises can finally leverage AI agents to take full advantage of their unstructured data. In the second quarter, we continued to see strong momentum with Enterprise Advanced, which delivers intelligent workflow automation, advanced AI, powerful AI agents and secure content management in one plan. In this AI-first era, we are doubling down on our Intelligent Content Management platform and will continue to execute on our innovative product roadmap as we shape the future of work.”
— Aaron Levie, Q2 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% |