Box Inc

Intuit shares plunged 11% in premarket trading after the financial technology platform issued fiscal 2027 revenue guidance of $23.279 billion to $23.512 billion, below the $23.7 billion analysts expected, though its fiscal fourth-quarter earnings and revenue beat estimates. The disappointing outlook dragged other software stocks lower, with the iShares Expanded Tech-Software ETF down over 1%, ServiceNow off more than 2.5%, and Workday and Salesforce each down 2%. Zoom Communications fell 7% after its third-quarter earnings per share guidance of $1.46 to $1.48 came in short of the $1.50 FactSet consensus. Kohl's declined 5% after reporting a 0.9% drop in second-quarter comparable sales, worse than the 0.6% decline expected, but the retailer raised its full-year outlook, partly due to $150 million in tariff refunds, and restarted share buybacks of up to $100 million in 2026. On the upside, J.M. Smucker climbed 5.6% after fiscal first-quarter revenue of $2.22 billion topped the LSEG consensus of $2.13 billion, SolarEdge jumped nearly 7% following a UBS upgrade to buy on a new FCC policy, and Semtech rose more than 5% after beating earnings estimates with adjusted EPS of 71 cents versus 61 cents expected. Box gained over 2% on revenue beat, while Boston Scientific fell more than 3% after disclosing a cybersecurity incident causing product disruptions, and SAP dropped almost 4% after a UBS downgrade to neutral on slow agentic AI delivery.

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 reported Q2 CY2026 results that exceeded market revenue expectations, with sales up 9.2% year over year to $321.1 million, beating analyst estimates of $319.3 million. The company's non-GAAP profit of $0.40 per share was in line with consensus, while adjusted operating income of $94.51 million beat estimates by 4%. Box slightly raised its full-year revenue guidance to $1.29 billion at the midpoint, but lowered its adjusted EPS guidance to $1.54, a 1.3% decrease. Quarterly revenue guidance for the next quarter was set at $329 million at the midpoint, 1.4% above analyst expectations. Billings grew 16.9% year over year to $309.5 million, and operating margin improved to 10.2% from 7% a year ago.

Quintas Energy has selected Box as its Intelligent Content Management platform to support a 2026 digital transformation program for managing complex renewable energy portfolios, documentation, and workflows. The deployment will use Box's Enterprise Advanced offering and the newly generally available Box Automate to enable no-code automation and AI agents for streamlining high-volume, compliance-heavy onboarding and operational processes. This partnership positions Box at the core of Quintas Energy's AI-enabled content layer, highlighting how content-centric automation could support higher net retention and larger deals. Box's investment narrative projects $1.5 billion revenue and $186.1 million earnings by 2029, implying 8.6% yearly revenue growth.

NVIDIA announced that its Nemotron 3 Ultra model achieved benchmark-leading performance when paired with LangChain's Deep Agents harness. By optimizing the surrounding environment rather than retraining the model, the integration reached task parity with top-tier closed models while operating at 10x lower inference costs and significantly higher throughput. This collaboration allows enterprises to build, customize, and control high-performing AI agents on an open-source stack. Companies like Abridge, Amdocs, and Box are already embedding these agents into their platforms, while EY is leveraging the technology to help clients govern and implement specialized AI.

Box announced the expansion of Box Zones, adding new Zones in Switzerland, Israel, and Singapore, while enhancing its France and Canada Zones with additional in-region compute capabilities. With these additions, Box Zones now spans 10 locations worldwide, including Australia, Canada, the European Union, France, Israel, Japan, Singapore, Switzerland, the United Kingdom, and the United States. The expansion enables organizations to securely store content within regional boundaries, helping meet local compliance and data residency requirements. Box also plans to introduce in-region storage and processing for content metadata and Box AI later this year. The new regions will be available in the coming months for customers on Enterprise Plus and Enterprise Advanced plans, with pricing fully inclusive and no additional per-region fees.

Box reported first-quarter fiscal 2027 non-GAAP earnings of 37 cents per share, up 23.3% year over year and surpassing the Zacks Consensus Estimate by 2.78%. Revenues reached $305.9 million, a 10.7% increase from the prior year and slightly above consensus. Billings grew 5% to $255.4 million, driven by strong bookings and a shift toward Suites, which accounted for 67% of revenues. The company raised its full-year revenue guidance to approximately $1.28 billion and expects non-GAAP earnings of about $1.56 per share. Shares have gained 3.2% since the report, outperforming the S&P 500.