Box raised its full-year fiscal 2027 revenue outlook to approximately $1.29 billion, up $10 million from its prior guidance, as adoption of Enterprise Advanced and Box AI drove a 106% net retention rate and record Q2 bookings. In its fiscal second quarter, Box reported revenue of $321 million, billings of $310 million, gross margin of 81.2%, operating income of $95 million, and EPS of $0.40. The company generated free cash flow of $60 million and ended the quarter with $446 million in cash and investments. For the third quarter, Box expects revenue of approximately $329 million, gross margin of approximately 80.5%, operating margin of approximately 28%, and EPS of approximately $0.39. Management lowered its full-year EPS outlook to approximately $1.54 and tightened gross margin guidance to approximately 80.5%, citing infrastructure constraints and FX headwinds.
Box IncRaised FY27 revenue outlook on Enterprise Advanced and Box AI adoption, with 106% net retention and record Q2 bookings.
