Companies /Technology

Box Inc - Class A

NYSE: BOX Software - Infrastructure
$33.89
▼ $0.23 (−0.68%) today
Markets open · 4:01pm ET

Q2 2026 Earnings

Reported Aug 26, 2025, 4:05pm ET · SEC source
$0.33
Beat +6.38%
EPS · est. $0.31
$294.0M
Beat +1.31%
Revenue · est. $290.2M
−3.2%
Trailing market
BOX vs S&P since report
2 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+4%+8%Aug 26Aug 27report 4:05pm ETearnings−0.1%+5.5%
0+4%+8%Aug 26Aug 27earnings−0.1%+5.5%
BOX +5.5%S&P 500 −0.1%
0+4%+8%+12%Aug 26Aug 27report 4:05pm ETearnings−0.4%+5.5%
0+4%+8%+12%Aug 26Aug 27earnings−0.4%+5.5%
BOX +5.5%NASDAQ −0.4%
−2%0+2%Aug 25Sep 3report 4:05pm ETearnings−0.3%+0.5%
−2%0+2%Aug 25Sep 3earnings−0.3%+0.5%
BOX +0.5%S&P 500 −0.3%
−2%0+2%Aug 25Sep 3report 4:05pm ETearnings−0.5%+0.5%
−2%0+2%Aug 25Sep 3earnings−0.5%+0.5%
BOX +0.5%NASDAQ −0.5%
+4.17%
Day of report
+1.14%
Next session
+0.86%
One week
−0.52%
30 days

S&P 500 over the same 30 days: +2.64%.

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%, extending the company's streak to <a href="https://247wallst.com/investing/2025/08/26/live-will-box-inc-box-beat-q2-earnings-estimates/">five consecutive quarters</a> 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

“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.”

Box CEO, on the earnings call

Forward Guidance & Outlook

For Q3 FY26, Box expects revenue of $298M-$299M (up 8% YoY, 7% constant currency), GAAP operating margin of ~8%, non-GAAP operating margin of ~28%, GAAP EPS of $0.05-$0.06, and non-GAAP EPS of $0.31-$0.32. For full-year FY26, revenue is expected at $1.170B-$1.175B (up 8% YoY), GAAP operating margin of ~7%, non-GAAP operating margin of ~28%, GAAP EPS of $0.18-$0.20, and non-GAAP EPS of $1.26-$1.28. Guidance assumes approximately 150 million weighted-average diluted shares outstanding and includes impacts from non-cash deferred tax expenses as the company releases valuation allowances. Approximately 80 basis points of positive FX impact is expected in Q3 and 90 basis points for the full year.

BOX YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$90.0M$180.0M$270.0M$270.0M$294.0MRevenue$214.5M$232.5MGross Profit$20.3M$20.6MOperating Income$20.5M$13.4MNet Income
$0$90.0M$180.0M$270.0MRevenueGross ProfitOperating IncomeNet Income

Figures from SEC filings and company reports. Not investment advice.