8x8 AI Adoption Surges 121% as Usage-Based Revenue Jumps 63%
EGHT sits 35% above its 52-week low of $1.565.
Summary
8x8's Q1 FY27 metrics show AI adoption more than doubling year-over-year, with customer adoption of AI solutions up 121% and Engage customer base up 247%. Usage-based revenue grew 63% YoY, continuing the strong trajectory from Q4 FY26. The company also launched new products including 8x8 Pulse, Resolve, and AI Routing, expanding its AI-powered CX platform. This follows the company's first GAAP-profitable year since 2015, reported in May, and a recent cyber incident disclosure in June. The acceleration in AI and API usage signals growing demand for 8x8's platform, though the company's small market cap (~$318M) means even modest revenue shifts can be material. The next earnings report will reveal whether this momentum translates to sustained top-line growth.
At the time of this announcement, EGHT was trading at $2.11 on NASDAQ in the Technology sector, with a market capitalization of approximately $317.6M. The 52-week trading range was $1.57 to $2.88. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: BusinessWire.