The earnings call was largely positive, with strong revenue growth, increased customer adoption of advanced AI offerings, and improvements in operating margins and net retention rates. However, caution was noted due to challenging macroeconomic conditions and FX headwinds.

Company Guidance

During Box, Inc.'s second quarter fiscal 2026 earnings call, the company provided robust financial guidance and insights into their strategic initiatives. Box reported a 9% year-over-year revenue growth, reaching $294 million, with a constant currency growth of 7%. Operating margins were at 29%, and earnings per share (EPS) were $0.33, surpassing the high end of their outlook by $0.02. The company saw a 16% growth in remaining performance obligations (RPO) and a 3% improvement in net retention rate, which rose to 103%. The momentum was largely driven by the adoption of Enterprise Advanced and Box AI, which contributed to an 8% year-over-year increase in customers paying at least $100,000 annually. Box anticipates a strong pipeline for the second half of the year, forecasting third-quarter revenues between $298 million and $299 million, with an anticipated full fiscal 2026 revenue of $1.17 to $1.175 billion, representing an 8% year-over-year growth. The company continues to focus on expanding its intelligent content management platform, leveraging AI to enhance workflow automation and metadata extraction capabilities, while also maintaining a disciplined capital allocation strategy, including buybacks.

Revenue and Growth Exceed Expectations

Q2 revenue of $294 million exceeded the high end of guidance, with a 9% year-over-year growth and 7% in constant currency. Nearly 2,000 customers now pay at least $100,000 annually, up 8% year-over-year.

Strong Customer Adoption of Enterprise Advanced

Enterprise Advanced saw significant customer adoption, with a near doubling of deal closures over the prior quarter. New capabilities like AI-powered metadata extraction and intelligent no-code apps drove enterprise-wide agreements.

Operating Margins and EPS Above Guidance

Operating margins were 29% with EPS of $0.33, $0.02 above the high end of the outlook.

Positive Net Retention Rate

Net retention rate improved to 103% from 102% in Q1, indicating increased seat growth and steady improvements in pricing.

Partnerships and AI Model Integration

Box integrated with multiple AI models, including OpenAI's GPT-5 and Anthropic's Claude 4.1, enhancing its AI capabilities and customer offerings.

Enhanced Product Roadmap

Announced updates to Box AI capabilities and plans for new workflow and no-code app capabilities to further automate critical workflows.

Box (BOX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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BOX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 26, 2025	2026 (Q3)	0.32 / -	0.45	―	―	―
Aug 26, 2025	2026 (Q2)	0.31 / 0.33	0.44	-25.00% (-0.11)
May 27, 2025	2026 (Q1)	0.26 / 0.30	0.39	-23.08% (-0.09)
Mar 04, 2025	2025 (Q4)	0.41 / 0.42	0.42	0.00% (0.00)
Dec 03, 2024	2025 (Q3)	0.42 / 0.45	0.36	25.00% (+0.09)
Aug 27, 2024	2025 (Q2)	0.40 / 0.44	0.36	22.22% (+0.08)
May 28, 2024	2025 (Q1)	0.38 / 0.39	0.32	21.88% (+0.07)
Mar 05, 2024	2024 (Q4)	0.39 / 0.42	0.37	13.51% (+0.05)
Dec 05, 2023	2024 (Q3)	0.38 / 0.36	0.31	16.13% (+0.05)
Aug 29, 2023	2024 (Q2)	0.35 / 0.36	0.28	28.57% (+0.08)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

BOX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 26, 2025	$31.16	$32.46	+4.17%
May 27, 2025	$31.45	$36.87	+17.23%
Mar 04, 2025	$33.47	$32.39	-3.23%
Dec 03, 2024	$34.42	$31.77	-7.70%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.