8x8 Inc. Achieves First GAAP-Profitable Year Since 2015 with $735.75M Revenue, $0.01 EPS
EGHT sits 39% above its 52-week low of $1.56.
Summary
8x8 Inc. reported its first GAAP-profitable full fiscal year since 2015, with FY 2026 revenue of $735.75 million and diluted EPS of $0.01. This represents a significant turnaround from a $27.21 million net loss in the prior year, driven by a net income of $1.65 million. The results, detailed in the company's 10-K filing on May 22nd, indicate improved financial health and operational efficiency. This achievement could mark a pivotal moment for the company.
At the time of this announcement, EGHT was trading at $2.17 on NASDAQ in the Technology sector, with a market capitalization of approximately $306.5M. The 52-week trading range was $1.56 to $2.88. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.