Box Reports Higher 1Q Profit on AI Adoption

Dow Jones05-27 04:27

By Elias Schisgall

Box reported a higher first-quarter profit, driven by adoption of the company's artificial-intelligence solutions.

The cloud-storage company on Tuesday reported a profit of $17.7 million, or 8 cents a share, compared with $8.2 million, or 2 cents a share, a year earlier.

Stripping out certain one-time items, the company reported adjusted earnings of 37 cents a share. Analysts polled by FactSet were expecting adjusted earnings of 36 cents a share, in line with the company's previous guidance for the quarter.

Revenue rose to $305.9 million, up from $276.3 million a year earlier, and ahead of analyst estimates of $304.4 million. The company had guided for revenue of about $304 million.

"Box delivered a strong start to FY27 as organizations are increasingly turning to our Intelligent Content Management platform to unlock more value from their unstructured data with AI," Chief Executive Officer Aaron Levie said.

Chief Financial Officer Dylan Smith added that revenue and operating margins were boosted by continued adoption of Enterprise Advanced and Box AI solutions.

The company reported $1.6 billion in remaining performance obligations, up 12% year-over-year.

For the current second quarter, the company said it expects adjusted earnings of 39 cents a share on revenue of roughly $319 million.

Analysts are expecting adjusted earnings of 39 cents a share on revenue of $317 million.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

May 26, 2026 16:27 ET (20:27 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Analysts polled by FactSet were expecting adjusted earnings of 36 cents a share, in line with the company's previous guidance for the quarter. \n</p>\n<p>\n  Revenue rose to $305.9 million, up from $276.3 million a year earlier, and ahead of analyst estimates of $304.4 million. The company had guided for revenue of about $304 million. \n</p>\n<p>\n  \"Box delivered a strong start to FY27 as organizations are increasingly turning to our Intelligent Content Management platform to unlock more value from their unstructured data with AI,\" Chief Executive Officer Aaron Levie said. \n</p>\n<p>\n  Chief Financial Officer Dylan Smith added that revenue and operating margins were boosted by continued adoption of Enterprise Advanced and Box AI solutions. \n</p>\n<p>\n  The company reported $1.6 billion in remaining performance obligations, up 12% year-over-year. \n</p>\n<p>\n  For the current second quarter, the company said it expects adjusted earnings of 39 cents a share on revenue of roughly $319 million. \n</p>\n<p>\n  Analysts are expecting adjusted earnings of 39 cents a share on revenue of $317 million. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Elias Schisgall at elias.schisgall@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 26, 2026 16:27 ET (20:27 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; 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