Box Inc. Reports 4% Revenue Growth, AI Innovation Boosts Outlook

Box Inc. reported better-than-expected first-quarter fiscal 2026 earnings with revenue of $276 million, a 4% increase year-over-year, and adjusted earnings of 30 cents per share, beating analyst estimates. The company highlighted strong growth in billings by 27% and remaining performance obligations by 21%, signaling robust demand for its Intelligent Content Management platform. Despite a decline in total profit to $8.2 million from $17.2 million the previous year, mainly due to foreign currency headwinds, Box raised its full-year revenue guidance to $1.168 billion, reflecting confidence in its growth trajectory. Central to Box's strategy is its expanding suite of AI-driven tools, including new AI Agents designed to automate workflows and enhance data extraction, which CEO Aaron Levie describes as pivotal in revolutionizing enterprise operations. Strategic partnerships with IBM and Google further support Box's ambition to accelerate AI adoption across industries. The company plans to continue investing in AI innovations while maintaining profitability and returning value to shareholders.