Box Tops Q1 Estimates, Lifts 2026 Guidance: Retail Piles In Ahead Of Possible Breakout

Box, Inc. (BOX) shares rallied sharply in Tuesday’s extended trading after the content management platform provider reported a quarterly beat and lifted its full-year guidance.

The Redwood City, California-based company reported adjusted earnings per share (EPS) of $0.30 for the first quarter of the fiscal year 2026, down from $0.39 reported a year ago but exceeding the Finchat-compiled consensus estimate of $0.26.

The company clarified that the quarter’s bottom line was dented by a negative impact of $0.12 per share from recognizing a non-cash deferred tax expense. Favorable forex impact, however, added $0.01 to the bottom line.

Revenue rose 4% year-over-year (YoY) to $276.3 million, beating the $274.77-million consensus estimate.

Box’s remaining performance obligations (RPO) jumped 21% to $1.469 billion, and billings climbed 27% to $242.3 million. The growth sharply accelerated from the 12% and 5% pace reported for the preceding quarter.

Dylan Smith, cofounder and CFO, said, “We achieved robust first-quarter results, surpassing our guidance and delivering double-digit growth in both billings and short-term RPO.”

CEO Aaron Levie touted the company’s artificial intelligence (AI) opportunity. “At Box, we help businesses unlock value from their unstructured data with our Intelligent Content Management platform,” he said.

Levie noted that the company unveiled its most extensive set of AI innovations yet, including new agents that “integrate with the leading models and software platforms to accelerate decision-making, automate workflows, and boost productivity.”

Box said its forward outlook reflected forex headwinds. One-third of its revenue is generated outside of the U.S., and 65% of overseas revenue is received in the Japanese yen. 

For the second quarter, the company expects adjusted EPS and revenue of $0.30-$0.31 and revenue of $290 million-$291 million, exceeding the consensus estimates of $0.28 and $284.02 million, respectively.

The company raised its fiscal year 2026 revenue guidance to $1.165 billion-$1.170 billion from $1.155 billion-$1.160 billion and its adjusted EPS guidance to $1.22-$1.26 from $1.13-$1.17.

On Stocktwits, retail sentiment toward Box stock was ‘extremely bullish’ (93/100) by late Tuesday, and the message volume was at ‘extremely high’ levels.

A bullish watcher braced for the stock's rise to $37-$38 by the end of the week.

Another user urged fellow retail traders to foray into the stock, expecting it to ‘run hard’ on Wednesday.

Box stock jumped 11.35% in the after-hours session following the earnings release. The stock is down about 0.5% this year.

According to Koyfin, if the after-hours gains are sustained, the stock is on track to have its best day in three years.

For updates and corrections, email newsroom[at]stocktwits[dot]com.

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