Box, Inc. announced its preliminary financial results for the third quarter of fiscal year 2026, showing a revenue increase of 9% year-over-year.
The company's Intelligent Content Management platform is gaining traction among enterprises looking for AI-powered solutions.
Key financial highlights include a revenue of $301.1 million and a record non-GAAP operating income of 28.6% of revenue.
Revenue Growth
Revenue increased by 9% year-over-year, reaching $301.1 million.
AI Adoption
Box's AI-powered solutions are driving customer adoption and seat expansion.
Non-GAAP Operating Margin
Achieved a record non-GAAP operating margin of 28.6% of revenue.
Expansion of Stock Repurchase Program
Introduced a new $150 million expansion of the stock repurchase program.
- The strong financial performance reflects the increasing adoption of Box's AI capabilities in enterprise settings.
- Revenue growth and improvements in operating margins indicate the effectiveness of strategic investments in sales and marketing programs.
Box's robust results in the third quarter underscore its position as a leading Intelligent Content Management platform, with continued growth and profitability in focus.