Box Shares Rise on Better Than Expected Q4 Results, Guidance

Box reported fourth-quarter results that exceeded analyst expectations and issued upbeat guidance, sending shares up 3.9% following the announcement.

The Intelligent Content Management platform provider posted adjusted earnings per share of $0.49 for the fourth quarter ended January 31, beating the analyst consensus of $0.34 by $0.15. Revenue reached $305.9 million, up 9% YoY and slightly above the $304.28 million estimate.

The strong performance was driven by the company’s Enterprise Advanced offering, which already accounts for 10% of revenue as customers adopt AI-powered content management capabilities.

For the first quarter of fiscal 2027, Box issued guidance above analyst expectations. The company expects revenue of approximately $304 million versus the consensus of $296.5 million, and adjusted EPS of $0.36 compared to the $0.32 estimate. For the full fiscal year 2027, Box projects revenue of $1.275 billion versus the consensus of $1.27 billion, with adjusted EPS of $1.55 compared to the $1.53 estimate.

"Fiscal 2026 was a defining year for Box, as we executed on the launch of Enterprise Advanced, delivering customers our most powerful capabilities around advanced AI and intelligent workflow automation, all anchored in a secure platform," said Aaron Levie, co-founder and CEO of Box.

The company reported remaining performance obligations of $1.7 billion, up 17% YoY, indicating strong future revenue visibility. Adjusted operating margin expanded to 30.6% in the quarter, up from 27.3% in the prior year period.

Box generated $110.4 million in operating cash flow during the quarter and repurchased 4.4 million shares for approximately $126 million during the fourth quarter.