This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
| Metric | Pre-Earnings Consensus | New Guide | Direction |
|---|---|---|---|
| FY26 Revenue | $1.17B | $1.170–$1.175B | ⚖️ Flat |
| FY26 EPS | $1.27 | $1.26–$1.28 | ⚖️ Flat |
Sentiment Bullets:
Bullish: AI adoption momentum and FedRAMP High positioning keep long-term story alive.
Neutral: Guidance unchanged; execution steady but uninspiring.
Bearish: Billings softness reinforces investor worries on underlying growth.
Billings slowed: +3% YoY, impacted by Q1 renewal pull-forward.
Margins steady: Gross margin held >81%, op margin at ~29%.
Deferred tax impact: Non-cash tax expense pressured GAAP EPS.
RPO strong: +16% YoY growth shows demand pipeline intact.
AI expansion: Enterprise Advanced momentum continues with new AI framework and partner integrations.
| KPI | Q2 FY26 | YoY Change | Why It Matters |
|---|---|---|---|
| Revenue | $294.0M | +9% | Beat consensus but only mid-single digit constant-currency. |
| RPO | $1.5B | +16% | Solid backlog growth underpins FY guide. |
| Billings | $264.9M | +3% | Weighed by Q1 pull-forward; soft vs. expectations. |
| Gross Margin (Non-GAAP) | 81.4% | –20bps | Remains best-in-class efficiency. |
| Operating Margin (Non-GAAP) | 28.6% | +20bps | Confirms profitability discipline. |
| Free Cash Flow | $35.7M | +9% | Cash flow resilience despite FX/tax headwinds. |
EPS for the year guiding higher and likely causing the reverse course on share price after hours.
| Period | Revenue | EPS (Non-GAAP) | Operating Margin | Commentary |
|---|---|---|---|---|
| Q3 FY26 | $728–$730M | $0.74–$0.75 | 22% | ⚖️ Flat sequentially, implies single-digit growth but steady margins. |
| FY26 | $2.875–$2.885B | $3.33–$3.38 | 25–26% | 📈 Raised EPS vs. prior guide; margins holding strong. |
| Metric | Reported | Consensus | Beat/Miss |
|---|---|---|---|
| Revenue | $294.0M | $290.2M | ✅ Beat |
| EPS (Non-GAAP, Diluted) | $0.33 | $0.31 | ✅ Beat |
| FY26 Revenue Guide | $1.170–$1.175B | $1.17B | ⚖️ In Line |
| FY26 EPS Guide | $1.26–$1.28 | $1.27 | ⚖️ Flat |
“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 … In this AI-first era, we are doubling down on our Intelligent Content Management platform.” — Aaron Levie, CEO
Levie stressed the AI-driven product roadmap, pointing to Enterprise Advanced as the anchor of Box’s AI monetization strategy.
Revenue was $294.00 million, above the $290.19 million consensus estimate. Non-GAAP EPS was $0.33, above the $0.31 estimate. Box Inc reported a 9% year-over-year increase in revenue, driven by strong demand for its Intelligent Content Management platform and AI solutions.
The company achieved a GAAP operating margin of 7.0% and a non-GAAP operating margin of 28.6%. Remaining performance obligations rose 16% year-over-year, reflecting robust future demand. The company continues to expand its AI capabilities and strategic partnerships, enhancing its product offerings and market reach.
| EPS |
0.33 Beat
|
Est. EPS |
0.31 |
| Revenue |
$294.00M Beat
|
Est. Revenue |
$290.19M |
Earnings numbers will be in shortly. Stay tuned for updates on the numbers. Updates will automatically be added to this page as they are published.
| Quarter | EPS Surprise | 1-Day Move | 7-Day Move | 14-Day Move |
|---|---|---|---|---|
| Q1 2026 | +17.17% | +17.23% | +20.60% | +13.55% |
| Q4 2025 | −0.60% | −3.23% | −9.38% | −7.95% |
| Q3 2025 | +6.46% | −7.70% | −4.07% | −7.12% |
| Q2 2025 | +8.62% | +10.83% | +12.49% | +16.00% |
Live coverage has ended. The full story is below.
Box (NYSE: BOX | BOX Price Prediction) reports after the close tonight. The setup is a classic execution test: investors want proof that AI-led monetization (Enterprise Advanced, AI unit consumption) can lift growth without denting margins, while billings/RPO dynamics and federal demand stay on track. Management’s own guidance keeps expectations grounded — and very specific about near-term billings linearity.
AI monetization & pricing uplift
Enterprise Advanced is seeing strong adoption with target 20–40% price increases; watch attach rates, AI unit consumption, and how much of growth comes from price vs. seats. Management still aims for AI to be margin-neutral as inference costs fall.
Billings/RPO and the early-renewal pull-forward
Q1 billings got a ~$7M early-renewal tailwind, with ~$6M effectively pulled from Q2; management expects Q2 billings roughly flat YoY. Tonight’s billings and RPO cadence vs. that context will be a focal point.
Profitability guardrails
Guide implies ~81% gross margin and ~28% non-GAAP operating margin for Q2. Investors will look for confirmation that AI features and expanded suites don’t dilute the model.
Public-sector traction after FedRAMP High
The new FedRAMP High authorization expands eligibility for sensitive federal workloads. Any color on pipeline/close rates in DoD and regulated environments is a potential upside catalyst.
Ecosystem leverage
Deeper integrations (e.g., ChatGPT Deep Research, Microsoft 365 Copilot, Google Agentspace, Salesforce Agentforce) position Box as a neutral content layer; look for partner-sourced wins and usage anecdotes.
Contact [email protected] for any questions or corrections.
Joel South covers large-cap stocks, dividend investing, and major market trends, with a focus on earnings analysis, valuation, and turning complex data into actionable insights for investors.
He brings more than 15 years of experience as an investor and financial journalist, including 12 years at The Motley Fool, where he served as an investment analyst, Bureau Chief, and later led the Fool.com investing news desk. He has also co-hosted an investing podcast and appeared across TV and radio discussing market trends.
DocuSign (Nasdaq: DOCU | DOCU Price Prediction) is mid-transformation from e-signature to Intelligent Agreement Management (IAM). Q1 FY26 delivered 8% revenue growth to $764M and non-GAAP EPS of $0.90, with operating margin at 29.5%…
Box (NYSE:BOX | BOX Price Prediction) reports fiscal first-quarter results today, May 26, at 4:05 PM ET. Shares sit near $26.04, down 13.41% year to date. After a blowout March earnings report, the bar…
Worday (NASDAQ:WDAY | WDAY Price Prediction) reports after the close. The setup: macro remains choppy, but Q1 showed healthy backlog, strong margins, and accelerating AI adoption across the suite. This print matters because management…
Okta (NASDAQ: OKTA) | OKTA Price Prediction reports after the close. The setup hinges on two threads: (1) whether sales specialization keeps pipeline building without dinging cRPO and (2) how new products—Identity Security Posture…
Snowflake (NYSE: SNOW | SNOW Price Prediction) reports Q4 FY2026 results today after the close. The data cloud leader has delivered improving operational momentum in recent quarters, but the stock has struggled to hold…
C3.ai (NYSE: AI | AI Price Prediction) will confirm fiscal first-quarter results after the bell. The company pre-announced preliminary numbers last month, guiding revenue to just over $70 million, which was 33% below the…
UiPath (NYSE:PATH) | PATH Price Prediction enters earnings with durable fundamentals and a clear platform story. In Q1 FY26, revenue reached $357M, ARR rose 12% to $1.693B, and non-GAAP operating income was $70M (20%…
MongoDB (NASDAQ: MDB) | MDB Price Prediction reports fiscal Q2 2026 results after the close. Shares have been volatile, reflecting both high expectations for Atlas-driven growth and macro caution on consumption. Last quarter, management…
Okta (Nasdaq: OKTA | OKTA Price Prediction) reports its fourth-quarter fiscal year 2026 results after the market closes tonight, March 4, 2026. Wall Street’s expectations are closely aligned with management’s own guidance, with consensus…
