8x8 Q3 revenue beats analyst expectations

8x8

03/02/2026 21:17

Overview

Business communications provider's fiscal Q3 revenue rose, beating analyst expectations

Adjusted operating income for fiscal Q3 beat analyst expectations

Company reported strong growth in AI-based solutions and usage-based offerings

Outlook

Company provides fourth-quarter service revenue guidance to $173.5 mln-$178.5 mln

8x8 expects full-year service revenue between $708.6 mln and $713.6 mln

Company projects fourth-quarter non-GAAP net income per share of $0.07-$0.08

Result Drivers

AI SOLUTIONS - Strong growth in AI-based solutions contributed to record service revenue

STRATEGIC INVESTMENTS - Improved execution attributed to strategic investments, leading to increased customer interest in new products, per CEO Samuel Wilson

PLATFORM INNOVATIONS - Recent innovations on the 8x8 Platform for CX enhanced collaboration and engagement, supporting operational efficiency

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$185.10 mln
$179.61 mln (5 Analysts)
Q3 Net Income
$5.10 mln
Q3 Adjusted Operating Income
Beat
$21.70 mln
$16.60 mln (3 Analysts)
Q3 Operating Income
$9.70 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the integrated telecommunications services peer group is "buy."

Wall Street's median 12-month price target for 8x8 Inc is $2.25, about 30.8% above its February 2 closing price of $1.72

The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 5 three months ago

Press Release: ID:nBw586LWZa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)