Box, Inc. today announced preliminary financial results for the second quarter of fiscal year 2026, which ended July 31, 2025. The company reported revenue of $294 million, an 8.9% increase year-over-year, surpassing Wall Street's expectations of $290.5 million. Non-GAAP net income per share was $0.33, exceeding the consensus estimate of $0.31.
The company's Q2 performance was driven by growing customer adoption of its Enterprise Advanced and Enterprise Plus plans, which feature robust AI capabilities. Management highlighted strong momentum in customer adoption of Enterprise Advanced, integrating powerful intelligent workflow capabilities that transform unstructured data into actionable insights.
For the upcoming third quarter of fiscal year 2026, Box expects revenue to be around $298.5 million, aligning with analysts' estimates. The strong results reinforce investor confidence in Box's AI-led content platform strategy and its ability to drive growth through intelligent content management, even amid a competitive landscape.
Box's focus on its secure, model-agnostic AI platform is empowering enterprise AI agents with context-rich memory and scalable compliance, contributing to its strong financial performance. The company continues to balance strategic investments in its ICM platform with operational discipline.
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