Box Q2 revenue slightly beats estimates on enterprise advanced adoption

Box

25/08/2026 21:18

Overview
US content management platform's preliminary Q2 revenue rose 9%, a slight beat of analyst expectations
Adjusted EPS for preliminary Q2 was in line with analyst expectations
Company repurchased 2.6 mln shares for $66 mln during the quarter

Outlook
Box expects Q3 revenue of $329 mln, up 9% yr-over-yr, including FX headwinds
Company sees full-year FY27 revenue at $1.29 bln, up 10%, including FX headwinds
Box expects full-year non-GAAP EPS of $1.54, including $0.09 FX headwind

Result Drivers
ENTERPRISE ADVANCED ADOPTION - Co said rapid adoption of Enterprise Advanced offering was a key driver of growth, with revenue in constant currency accelerating for a fifth consecutive qtr
CUSTOMER EXPANSIONS - Co cited wins or expansions with organizations across industries including automotive, financial services, legal, life sciences, public sector and technology
AI AND SECURITY FEATURES - Co pointed to new security capabilities and AI integrations as supporting product momentum

Company press release: ID:nBw2KKfcla

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Beat*
$321.1 mln
$319.33 mln (8 Analysts)
Q2 Adjusted EPS
Meet
$0.40
$0.40 (9 Analysts)
Q2 Adjusted Operating income
 
$94.5 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 4 "strong buy" or "buy", 5 "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 2.9% below its August 24 closing price of $33.47
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 14 three months ago

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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.)