Box Beats Q2 Estimates with 11% Constant-Currency Revenue Growth, Raises Full-Year Outlook
BOX sits 48% above its 52-week low of $21.34.
Summary
Box reported Q2 FY27 revenue of $321.1M (up 9% YoY, 11% constant currency) and non-GAAP EPS of $0.40, beating expectations. The company raised full-year revenue guidance to ~$1.290B and repurchased $66M of stock.
Key Events · Earnings and Guidance · BOX
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Q2 Revenue Beats at $321.1M
Revenue grew 9% YoY (11% constant currency) to $321.1M, with billings up 17% to $309.5M and RPO up 15% to $1.7B.
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Non-GAAP EPS of $0.40
Non-GAAP diluted EPS rose to $0.40 from $0.33 a year ago, while GAAP EPS was $0.09. Non-GAAP operating margin expanded to 29.4% from 28.6%.
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Full-Year Guidance Raised
Box raised FY27 revenue guidance to ~$1.290B (up 10% YoY) and expects non-GAAP EPS of ~$1.54, with Q3 revenue guided to ~$329M.
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Share Repurchase Update
Box repurchased 2.6M shares for ~$66M in Q2, with approximately $378M remaining under its current buyback authorization.
Analysis · BOX · Technology
Box delivered a strong Q2 FY27 with revenue of $321.1M, up 9% reported and 11% on a constant-currency basis, while non-GAAP EPS of $0.40 beat the prior year's $0.33. The company raised its full-year revenue guidance to approximately $1.290B, up 10% year-over-year, and reaffirmed its non-GAAP operating margin target of 28%. Net retention rate improved to 106%, and Enterprise Advanced revenue accelerated for a fifth consecutive quarter, underscoring durable demand for its AI-driven content management platform. The company also repurchased 2.6M shares for ~$66M in the quarter, with $378M remaining under its buyback authorization.
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At the time of this filing, BOX was trading at $31.55 on NYSE in the Technology sector, with a market capitalization of approximately $4.6B. The 52-week trading range was $21.34 to $33.88. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.