8X8 INC /DE/

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.

8x8, Inc. reported a strong start to fiscal year 2027, with total revenue increasing 5% year-over-year to $190.2 million for the first quarter ended June 30, 2026. The company achieved its fifth consecutive quarter of year-over-year revenue growth, exceeding guidance for revenue, non-GAAP operating margin, and operating cash flow. Non-GAAP net income rose to $13.6 million, and cash provided by operating activities increased significantly to $17.0 million. The company highlighted accelerating adoption of its AI solutions and multi-product platform, alongside positive financial outlooks for both the second quarter and full fiscal year 2027.

8x8, Inc. announced the appointment of Colleen Martin-Garcia as its new Principal Accounting Officer, effective July 29, 2026. She joined the company on July 6, 2026, and previously held senior finance roles at CareDx, Inc. and Carbon, Inc. Following her appointment, Kevin Kraus will resume his full duties as Chief Financial Officer. Ms. Martin-Garcia's compensation includes an annual base salary of $360,000, a target annual cash bonus of 50% of her base salary, and an award of 600,000 restricted stock units.

8x8, Inc. announced its 2026 Annual Meeting of Stockholders will be held virtually on August 3, 2026, where shareholders will vote on the election of directors, executive compensation, auditor ratification, and an amendment to increase shares available under the 2022 Equity Incentive Plan by 8,338,000. The company reported a strong fiscal 2026, achieving its first GAAP-profitable full fiscal year since 2015 with $1.6 million in net income and 3% revenue growth to $735.8 million. Key highlights include $55.8 million in operating cash flow, significant debt reduction, completion of the Fuze customer transition, and strategic product innovations and acquisitions in AI and customer experience.

8x8 Inc. reported a material cybersecurity incident where an unauthorized third party gained access to its Salesforce CRM system via a Klue Labs integration between June 11-12, 2026. The threat actor exfiltrated competitively sensitive customer information, including fragmented contract and opportunity details, sales notes, and contact information. Upon discovery, 8x8 and Klue immediately disabled the integration and removed access. The company states the incident has not impacted business operations or its ability to serve customers and is not expected to have a material impact on its financial condition.

8x8, Inc. detailed its business strategy and operations for the fiscal year ended March 31, 2026, highlighting the successful completion of the multi-year Fuze platform upgrade by December 31, 2025. The company emphasized its integrated AI-powered Platform for CX, which unifies contact center, business communications, and APIs, targeting mid-market, small and mid-sized enterprise, and public sector organizations. 8x8 also outlined its go-to-market approach, innovation efforts, and commitment to human capital development, including significant investments in AI capabilities and employee training.

8x8, Inc. announced its financial results for the fourth quarter and fiscal year ended March 31, 2026, achieving GAAP profitability for both periods. The company reported record service revenue for the quarter and full year, with four consecutive quarters of year-over-year revenue growth. Strategic initiatives included the introduction of AI Studio and the general availability of 8x8 Engage, alongside significant debt reduction.