Quarterly ResultMay 26, 2026, 04:12 PM
Box Q1 FY27 Revenue $305.9M, up 11%; GAAP EPS $0.08, Non-GAAP EPS $0.37
AI Summary
Box, Inc. reported strong preliminary financial results for the first quarter of fiscal year 2027, exceeding its guidance on revenue, billings, operating margin, and net retention rate. The company achieved record revenue of $305.9 million, an 11% increase year-over-year, and expanded its non-GAAP operating margin to 27.7%. Box also highlighted continued customer adoption of its Enterprise Advanced and Box AI solutions, along with the introduction of new AI-powered features like Box Agent and Box Automate. Additionally, Box repurchased 4.8 million shares for $114 million and provided positive guidance for Q2 and the full fiscal year 2027.
Key Highlights
- Q1 FY27 Revenue: $305.9 million, up 11% year-over-year (10% constant currency).
- Q1 FY27 Non-GAAP Diluted EPS: $0.37, up from $0.30 year-over-year.
- Q1 FY27 GAAP Diluted EPS: $0.08, up from $0.02 year-over-year.
- Remaining Performance Obligations (RPO): $1.6 billion, up 12% year-over-year.
- Non-GAAP Operating Margin: 27.7%, up from 25.3% year-over-year.
- Repurchased 4.8 million shares for approximately $114 million in Q1 FY27.
- Q2 FY27 Revenue Guidance: Approximately $319 million, up 9% year-over-year.
- Full Year FY27 Non-GAAP Diluted EPS Guidance: Approximately $1.56.
Price Impact
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