Q2 2026 Box Inc Earnings Call Transcript
Key Points
- Box Inc (BOX) delivered a strong second quarter with results above guidance, including a 9% revenue growth and a 16% increase in remaining performance obligations (RPO).
- The company saw significant customer adoption of its Enterprise Advanced plan, which integrates AI-powered metadata extraction and intelligent workflow capabilities.
- Box Inc (BOX) reported an operating margin of 29% and an EPS of $0.33, exceeding the high end of their outlook.
- The company continues to expand its AI capabilities, partnering with major AI model providers like OpenAI and Anthropic, enhancing its platform's flexibility and interoperability.
- Box Inc (BOX) is seeing increased demand for its AI-driven solutions, with nearly 2,000 customers paying at least $100,000 annually, up 8% year-over-year.
- Box Inc (BOX) faces challenges with foreign currency exchange rates, which impacted their financial results and guidance.
- The company anticipates a non-cash deferred tax expense headwind of $0.58 in FY26, affecting non-GAAP EPS.
- Operating margin guidance for Q3 is expected to be lower than the previous year due to the timing of their annual customer conference and other expenses.
- Despite strong performance, the company remains cautious about the macroeconomic environment and its potential impact on future results.
- Box Inc (BOX) is experiencing a competitive landscape in AI and enterprise content management, requiring continuous innovation and investment.
Thank you for standing by. My name is Kate and I will be your conference operator today. At this time, I would like to welcome everyone to Box Inc's second-quarter fiscal 2026 earnings conference call. (Operator Instructions)
I would now like to turn the call over to Cynthia Hiponia, Vice President, Investor Relations. Please go ahead.
Good afternoon and welcome to Box's second quarter fiscal 2026 earnings conference call. I am Cynthia Hiponia, Vice President of Investor Relations. On the call today, we have Aaron Levie, Box Co-Founder and CEO; and Dylan Smith, Box Co-Founder and CFO.
Following our prepared remarks, we will take your questions. Today's call is being webcast and will also be available for replay on our investor relations website. Our webcast will be audio only, however, supplemental slides are now available for download from our website.
On this call, we will be making forward-looking statements including our third quarter and full year fiscal 2026
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