Cloud storage provider Box's Q3 revenue slightly beats estimates

Box

02/12/2025 21:19

Overview

Box Q3 fiscal 2026 revenue rises 9% yr/yr, slightly beating analyst expectations

Adjusted EPS for Q3 fiscal 2026 meets analyst estimates

Company expands stock repurchase program by $150 mln

Outlook

Box anticipates full-year revenue of approximately $1.175 bln, up 8% year-over-year

Box sees Q4 non-GAAP EPS at approximately $0.33

Box forecasts full-year non-GAAP EPS of approximately $1.28

Result Drivers

AI PLATFORM ADOPTION - Box attributes strong Q3 performance to enterprises embracing its AI-powered Intelligent Content Management platform

PRICE PER SEAT INCREASES - Box AI and Enterprise Advanced adoption drive consistent price per seat increases and seat expansion

STRATEGIC INVESTMENTS - Strategic investments in sales and marketing programs and product roadmap contribute to profitable growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Beat*
$301 mln
$299.08 mln (8 Analysts)
Q3 Adjusted EPS
Meet
$0.31
$0.31 (8 Analysts)
Q3 Adjusted Operating income
$86.10 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 $39.00, about 24.7% above its December 1 closing price of $29.36

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 23 three months ago

Press Release: ID:nBw8tfMCMa

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