Box Inc (NYSE:BOX), the leading Intelligent Content Management (“ICM”) platform, stock surges 17.81% (As on May 28, 11:22:35 AM UTC-4, Source: Google Finance) after the company reported a profit for first quarter that decreased from last year but beat the Street estimates. The company’s bottom line totaled $3.52 million, or $0.02 per share compared to $11.51 million, or $0.08 per share, last year. Earlier this month, the company has unveiled the largest set of AI innovation yet, including new AI Agents that integrate with the leading models and software platforms to accelerate decision-making, automate workflows, and boost productivity. Further, the company has announced a strategic partnership with IBM to help organizations accelerate the adoption of enterprise-level AI for content-driven workflows using IBM watsonx and Box AI. BOX has also Announced support for Google’s Gemini 2.5 Flash & Gemini 2.5 Pro, Google’s Gemma 3, Meta’s Llama 4 Models, NVIDIA Llama Nemotron reasoning models, OpenAI Agents SDK, OpenAI’s o3 & o4-Mini models, OpenAI’s GPT-4.1 & GPT-4.5, and xAI’s Grok 3.

Moreover, Remaining performance obligations (“RPO”) of $1.469 billion, up 21%, or 17% on a constant currency basis. Short-term RPO of $812 million, up 13%, and long-term RPO of $657 million, up 32%. Billings of $242.3 million, up 27%, or 17% on a constant currency basis. Non-GAAP gross profit was of $222.3 million, or 80.5% of revenue, up from $212.2 million, or 80.2% of revenue. Non-GAAP operating income of $69.8 million, or 25.3% of revenue, compared to $70.4 million, or 26.6% of revenue. Net cash provided by operating activities of $127.1 million, down 3%. Non-GAAP free cash flow of $118.3 million, down 4%.

BOX in the first quarter of FY26 has reported the adjusted earnings per share of 30 cents, beating the analysts’ estimates for the adjusted earnings per share of 26 cents. The company had reported the adjusted revenue growth of 4 percent to $276 million in the first quarter of FY26, beating the analysts’ estimates for revenue of $275.09 million.

Box Inc expects Q2 2026 EPS to be in the range of $0.30-$0.31 versus the analyst consensus of $0.28. Box Inc expects Q2 2026 revenue to be in the range of $290.00M-$291.00M versus the analyst consensus of $284.00M.

Box Inc expects FY 2026 EPS to be in the range of $1.22-$1.26 versus the analyst consensus of $1.19. Box Inc expects FY 2026 revenue to be in the range of $1.17B-$1.17B versus the analyst consensus of $1.15B.