Quarterly ResultAug 5, 2026, 04:38 PM
8x8 Q2 Revenue +4.9% to $190.2M; Net Loss Narrows to $1.2M
AI Summary
8x8 Inc. reported a 4.9% increase in total revenue, reaching $190.2 million for the three months ended June 30, 2026, compared to $181.4 million in the prior year. The company significantly reduced its net loss to $1.2 million from $4.3 million year-over-year, with basic and diluted net loss per share improving to $(0.01). Operating income saw a substantial increase to $4.4 million, and net cash provided by operating activities rose to $17.0 million. While subscription revenue declined, platform usage revenue experienced strong growth, and the company entered a new $74.0 million five-year hosting service contract.
Key Highlights
- Total revenue increased 4.9% to $190.2 million for Q2 2026.
- Net loss narrowed significantly to $1.2 million from $4.3 million year-over-year.
- Basic and diluted net loss per share improved to $(0.01) from $(0.03).
- Operating income surged to $4.4 million from $0.6 million in the prior year.
- Net cash provided by operating activities rose 43.5% to $17.0 million.
- Subscription revenue decreased 6.5% to $137.4 million.
- Platform usage revenue grew 63.7% to $47.9 million.
- Entered a new $74.0 million noncancelable five-year hosting service contract.
Price Impact
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