Box Inc. ( (BOX) ) has released its Q1 earnings. Here is a breakdown of the information Box Inc. presented to its investors.
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Box Inc., a leader in Intelligent Content Management, provides a platform that helps organizations manage and secure their content lifecycle, leveraging enterprise AI to transform business workflows. In its latest earnings report for the first quarter of fiscal year 2026, Box Inc. reported a revenue of $276 million, marking a 4% increase year-over-year. The company also highlighted significant growth in its remaining performance obligations, which rose by 21% compared to the previous year.
The financial performance of Box Inc. in the first quarter was characterized by a GAAP operating margin of 2.3% and a non-GAAP operating margin of 25.3%. The company achieved a GAAP net income per share of $0.02 and a non-GAAP net income per share of $0.30. Despite a decline in GAAP operating income compared to the previous year, Box Inc. saw a substantial increase in billings, which grew by 27% year-over-year.
Box Inc. continues to innovate in the AI space, unveiling new AI Agents that integrate with leading models and software platforms to enhance decision-making and productivity. The company has also formed strategic partnerships with major players like IBM and Google to accelerate the adoption of AI-driven solutions across various industries.
Looking ahead, Box Inc. remains optimistic about its growth prospects, with revenue for the second quarter of fiscal year 2026 expected to be between $290 million and $291 million. The company anticipates continued profitability and plans to invest in its platform to drive further innovation and shareholder value.