Box Stocks Plunge After Third Quarter Earnings Report: Here’s Why – Box (NYSE:BOX)

Box Inc. (NYSE:BOX) Shares fell during Tuesday’s extended trading day after the company released its third-quarter earnings report and issued fiscal 2026 EPS guidance that was below analysts’ estimates.

View the details in the report here.

The details: Box reported quarterly profit of 31 cents per share, meeting analysts’ consensus estimates. This is a decline of 31.11% from earnings of 45 cents per share compared to the same period last year. The company reported quarterly revenue of $301.107 million, surpassing analysts’ consensus estimate of $299.081 million by 0.68%. This is an increase of 9.13% compared to revenues of $275.913 million in the same period last year.

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Box reported the following third quarter highlights:

• New expansion of the share repurchase program by $150 million
• Remaining performance obligations (RPO) of $1.5 billion, up 18%, or 19% at constant exchange rates.
• Short-term RPO of $837 million, up 14%, and long-term RPO of $680 million, up 25%.
  Billings of $296 million, up 12% as reported and on a constant currency basis.

“Our strong performance in the third quarter proves how quickly companies are embracing Box as their AI-powered Intelligent Content Management platform,” said Aaron Levieco-founder and CEO of Box.

Outlook: Box expects earnings per share to be more than $1.28 in fiscal 2026, compared to the $1.31 estimate, and expects revenue to be more than $1.18 billion in fiscal 2026, compared to the $1.18 billion estimate.

BOX Stock price: According to data from Benzinga ProBOX shares fell 4.54% to $28.80 in extended trading Tuesday.

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