Box Inc (NYSE:BOX) stock rose 6.12% (As on December 3, 11:21:04 AM UTC-4, Source: Google Finance) after the company missed the earning expectations for the third quarter of FY26. Remaining performance obligations (“RPO”) of $1.5 billion, up 18%, or 19% on a constant currency basis. Short-term RPO of $837 million, up 14%, and long-term RPO of $680 million, up 25%. Billings was of $296.0 million, up 12% as reported and on a constant currency basis. The company delivered non-GAAP gross profit of $246.1 million, or 81.7% of revenue, up from $226.1 million, or 81.9% of revenue. The company posted non-GAAP operating income of $86.1 million, or 28.6% of revenue, up from $80.2 million, or 29.1% of revenue. Net cash provided by operating activities of $73.0 million, up 17%. Non-GAAP free cash flow of $61.4 million, up 7%.

Moreover, the company announced a new fleet of next-generation AI agents to drive intelligent workflows in the enterprise, including: Box Extract, a data extraction solution powered by AI agents that delivers accurate data and insights from a multitude of content types including documents, presentations, images, and more, Box Automate, an agentic workflow automation solution designed to orchestrate work across agents and teams and additional powerful AI capabilities to Box Apps, Box’s no-code solution for quickly building intelligent applications to manage content-driven business processes. Further, the company announced a strategic partnership with Tata Consultancy Services (TCS) to enable customers to accelerate innovation, unlock valuable insights from legacy content systems, and drive business outcomes across sectors. The company also announced an integration with Anthropic’s Claude Skills API, bringing powerful content creation capabilities directly into Box workflows and enabling users to leverage Claude’s file creation capabilities.

BOX in the third quarter of FY26 has reported the adjusted earnings per share of 31 cents, missing the analysts’ estimates for the adjusted earnings per share of 32 cents. The company had reported the adjusted revenue growth of 9 percent to $301.1 million in the third quarter of FY26, beating the analysts’ estimates for revenue of $297.46 million.

Additionally, Box also announced a $150 million expansion of its stock repurchase program after buying back 2.4 million shares for approximately $77 million during the quarter.

For the fourth quarter, Box expects revenue of approximately $304 million, representing 9% growth YoY, and adjusted EPS of $0.33. The company maintained its full-year revenue guidance of approximately $1.175 billion, up 8% from the previous year.