Box Q2 Revenue Beats Slightly, Guides Q3 to $329M
BOX sits 53% above its 52-week low of $21.34.
Summary
Box reported Q2 FY27 revenue of $321.1M, up 9% YoY, slightly ahead of the $319.33M consensus. Adjusted EPS of $0.40 met expectations. The company guided Q3 revenue to $329M (9% growth) and full-year FY27 revenue to $1.29B (10% growth), with non-GAAP EPS of $1.54. Management cited rapid adoption of Enterprise Advanced and customer expansions as key drivers. Box repurchased 2.6M shares for $66M during the quarter. The stock trades near its 52-week high, and the guidance suggests continued momentum despite FX headwinds, which will weigh on full-year results.
At the time of this announcement, BOX was trading at $32.61 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 news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.