Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when BOX files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsBox reports Q2 revenue up 9% to $321.1M, raises full-year guidance, repurchases $66M
Filed August 25, 2026 · Period ending August 25, 2026 · ~1 min read
Key Changes
-
high
Q2 revenue reached $321.1M (up 9%, 11% constant currency); non-GAAP operating margin expanded to 29.4% from 28.6%; non-GAAP EPS rose to $0.40 from $0.33 despite $0.04 FX headwind
Exhibit 99.1 view on EDGAR → -
high
Remaining performance obligations grew 15% to $1.7B (17% constant currency), with long-term RPO accelerating 18% to $787.0M, signaling strong future revenue visibility
Exhibit 99.1 view on EDGAR → -
high
Raised full-year FY2027 revenue guidance to $1.290B (up 10% YoY, 11% constant currency); non-GAAP operating margin expected at 28.0%; non-GAAP EPS guidance raised to $1.54
Exhibit 99.1 view on EDGAR → -
medium
Repurchased 2.6M shares for $66M in Q2, leaving $378M in remaining buyback capacity under current authorization
Exhibit 99.1 view on EDGAR →
Summary
Box reported strong second-quarter fiscal 2027 results that beat expectations and prompted management to raise full-year guidance. Revenue of $321.1 million grew 9% year-over-year (11% constant currency), driven by adoption of the company's Enterprise Advanced product and positioning as an AI-powered content management platform.
Profitability metrics reached record levels, with non-GAAP operating margin expanding to 29.4% and non-GAAP EPS climbing to $0.40 despite a $0.04 headwind from unfavorable foreign exchange rates. The company's remaining performance obligations—contracted revenue not yet recognized—grew 15% to $1.7 billion, with long-term RPO accelerating 18% to $787 million.
This backlog growth provides strong visibility into future revenue. Management raised full-year revenue guidance to $1.290 billion (10% growth) and non-GAAP EPS guidance to $1.54, though both figures include foreign exchange headwinds. Box also returned $66 million to shareholders through share repurchases during the quarter, with $378 million remaining under its current authorization. The combination of accelerating backlog growth, margin expansion, and raised guidance suggests the company's enterprise cloud content management platform is gaining traction in a competitive market.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Box reported Q2 FY2027 financial results for the quarter ended July 31, 2026, and announced a conference call to discuss the results.
Added in current filing · verify on EDGAR →
On August 25, 2026, Box, Inc. (the “Company”) issued a press release announcing its financial results for the second fiscal quarter ended July 31, 2026.
Box disclosed financial results for its second fiscal quarter ended July 31, 2026. The 8-K itself does not provide specific financial metrics; those details are contained in the attached press release (Exhibit 99.1). The company scheduled a conference call for August 25, 2026 to discuss the quarterly results with investors and analysts.
Event · Exhibit 99.1
Added in current filing · view on EDGAR → · paraphrased
Record GAAP operating income of $32.6 million, or 10.2% of revenue, up from $20.6 million, or 7.0% of revenue. Record non-GAAP operating income of $94.5 million, or 29.4% of revenue, up from $84.0 million, or 28.6% of revenue. GAAP diluted earnings per share ("EPS") of $0.09, compared to $0.05, impacted by $0.04 from unfavorable foreign currency exchange rates. Non-GAAP diluted EPS of $0.40, compared to $0.33, impacted by $0.04 from unfavorable foreign currency exchange rates.
Box achieved record profitability in Q2 with GAAP operating margin expanding to 10.2% from 7.0% and non-GAAP operating margin reaching 29.4% from 28.6%. GAAP EPS rose to $0.09 from $0.05, while non-GAAP EPS increased to $0.40 from $0.33, despite a $0.04 headwind from unfavorable foreign exchange rates in both metrics.
Added in current filing · view on EDGAR →
Remaining performance obligations (“RPO”) of $1.7 billion, up 15%, or 17% on a constant currency basis. Short-term RPO of $904.7 million, up 11%, or 14% on a constant currency basis. Long-term RPO of $787.0 million, up 18%, or 22% on a constant currency basis.
Box's remaining performance obligations (contracted revenue not yet recognized) reached $1.7 billion, up 15% year-over-year (17% constant currency). Short-term RPO grew 11% to $904.7 million, while long-term RPO accelerated 18% to $787.0 million, indicating strong future revenue visibility.
Added in current filing · view on EDGAR → · paraphrased
Revenue is expected to be approximately $1.290 billion, up 10% year-over-year, or 11% on a constant currency basis. This includes an expected headwind of approximately 100 basis points due to FX. GAAP operating margin is expected to be approximately 9.5% and non-GAAP operating margin is expected to be approximately 28.0%. This includes an expected headwind of approximately 80 basis points due to FX. GAAP net income per share attributable to common stockholders is expected to be approximately $0.38. GAAP EPS guidance includes an expected headwind of $0.09 due to FX, which is $0.01 higher than prior expectations, and an expected headwind of $0.02 due to an increase in expected weighted-average diluted shares outstanding. Non-GAAP diluted net income per share attributable to common stockholders is expected to be approximately $1.54. Non-GAAP EPS guidance includes an expected headwind of $0.09 due to FX, which is $0.01 higher than prior expectations, and an expected headwind of $0.02 due to an increase in expected weighted-average diluted shares outstanding.
Box raised its full-year fiscal 2027 guidance, now expecting revenue of approximately $1.290 billion (up 10% year-over-year, or 11% constant currency), GAAP operating margin of 9.5%, non-GAAP operating margin of 28.0%, GAAP EPS of $0.38, and non-GAAP EPS of $1.54. The guidance includes foreign exchange headwinds of 100 basis points on revenue, 80 basis points on operating margin, and $0.09 on EPS.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Aug 26, 2026 · How we verify