Box Q1 revenue slightly beats estimates

Box

26/05/2026 21:16

Overview
Intelligent content management firm's preliminary fiscal Q1 revenue up 11%, slightly beating analyst expectations
Adjusted EPS for fiscal Q1 beat analyst expectations
Company repurchased $114 mln in shares during the quarter

Outlook
Box sees Q2 revenue at $319 mln, up 9% yr-over-yr, with FX headwind of 170 bps
Company expects full-year revenue of $1.28 bln, up 9% yr-over-yr, with FX headwind
Box expects Q2 non-GAAP EPS of $0.39 and full-year non-GAAP EPS of $1.56

Result Drivers
ENTERPRISE ADVANCED & AI SOLUTIONS - Co said continued customer adoption of Enterprise Advanced and Box AI solutions drove accelerating revenue growth and expanding operating margins
PRODUCT INNOVATION - Co highlighted rapid innovation across its platform, including new AI-powered features and workflow automation tools, as supporting growth

Company press release: ID:nBwb8CrNLa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$305.9 mln
$304.39 mln (8 Analysts)
Q1 Adjusted EPS
Beat
$0.37
$0.36 (9 Analysts)
Q1 Adjusted Operating income
 
$84.7 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Box Inc is $32.50, about 25.5% above its May 22 closing price of $25.90
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)