Box Inc. ( (BOX) ) has released its Q2 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 enhances collaboration and workflow automation through AI-driven solutions, serving various industries globally. In its latest earnings report for the second quarter of fiscal 2026, Box Inc. announced a revenue of $294 million, marking a 9% increase year-over-year. The company also reported a GAAP operating margin of 7.0% and a non-GAAP operating margin of 28.6%, with a GAAP net income per share of $0.05 and a non-GAAP net income per share of $0.33.
Key financial highlights include a 16% increase in remaining performance obligations, reaching $1.5 billion, and a 3% rise in billings to $264.9 million. Box Inc. achieved a record GAAP gross profit of $232.5 million, representing 79.1% of revenue, and a record non-GAAP gross profit of $239.2 million, or 81.4% of revenue. The company also saw a 27% increase in net cash provided by operating activities, totaling $46 million.
Strategically, Box Inc. has made significant advancements in its AI capabilities, launching updates to its AI framework and collaborating with major organizations like OpenAI and AWS to enhance its platform’s functionality. The company has also expanded its partnerships across various sectors, including technology, retail, and public services, further solidifying its market presence.
Looking ahead, Box Inc. anticipates continued growth, with revenue projections for the third quarter of fiscal 2026 ranging between $298 million and $299 million, reflecting an 8% year-over-year increase. The company remains focused on leveraging AI to drive innovation and maintain its leadership in the Intelligent Content Management sector.