Box Inc. reported its third‑quarter fiscal 2026 results, with revenue reaching $301 million, a 9% year‑over‑year increase that surpassed the consensus estimate of $298.45 million by $2.55 million. The company’s revenue beat was driven by stronger demand across its core cloud‑content services, offsetting modest headwinds in legacy product lines.
GAAP operating margin stood at 8.3% while non‑GAAP operating margin was 28.6%. Net income per share was $0.05 on a GAAP basis and $0.31 on a non‑GAAP basis, the latter matching the consensus estimate of $0.31 and indicating that earnings met expectations. The company’s remaining performance obligations rose to $1.5 billion, an 18% year‑over‑year gain that reflects growing long‑term commitments from customers.
Box expanded its share‑repurchase program by $150 million, underscoring its commitment to returning capital to shareholders. The results support the company’s transition to an Intelligent Content Management platform, as the revenue mix continues to shift toward higher‑margin cloud‑based offerings.
Management guided for fiscal 2026 revenue of $1.165 billion to $1.170 billion and a non‑GAAP operating margin of approximately 28%, signaling confidence in sustaining profitability while pursuing growth in its strategic platform.
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