Field Beats Q2 Earnings Estimates, Shares Climb On ‘Robust’ AI Momentum – Field (NYSE:BOX)

Field Inc BOX reported monetary outcomes for the second quarter after the market shut on Tuesday. Right here’s a rundown of the clever content material administration platform firm’s report.

• Q2 Income: $294 million, versus estimates of $290.78 million

• Q2 Adjusted EPS: 33 cents, versus estimates of 31 cents

BOX is holding regular in in the present day’s uneven market. See what is going on right here.

Complete income was up 9% on a year-over-year foundation. Billings had been up 3% year-over-year to $264.9 million within the quarter. Field stated it ended the interval with remaining efficiency obligations of $1.5 billion, up 16% year-over-year.

The corporate generated $46 million in working money circulate and $35.7 million in free money circulate throughout the second quarter. Field ended the quarter with roughly $657.83 million in complete money and money equivalents.

“With Field’s Clever Content material Administration platform, enterprises can lastly leverage AI brokers to take full benefit of their unstructured knowledge,” stated Aaron Levie, co-founder and CEO of Field.

“Within the second quarter, we continued to see robust momentum with Enterprise Superior, which delivers clever workflow automation, superior AI, highly effective AI brokers and safe content material administration in a single plan.”

Outlook: Field expects third-quarter income to be within the vary of $298 million to $299 million versus estimates of $297.47 million. The corporate sees this quarter’s adjusted earnings of 31 cents to 32 cents per share versus estimates of 32 cents per share.

Field raised its fiscal yr 2026 income steerage from a spread of $1.165 billion to $1.17 billion to a brand new vary of $1.17 billion to $1.175 billion versus estimates of $1.172 billion. The corporate additionally raised its full-year adjusted earnings steerage from a spread of $1.22 to $1.26 per share to a brand new vary of $1.26 to $1.28 per share versus estimates of $1.34 per share.

“On this AI-first period, we’re doubling down on our Clever Content material Administration platform and can proceed to execute on our revolutionary product roadmap as we form the way forward for work,” Levie stated.

Field’s administration crew will additional focus on the quarter on an earnings name set for five p.m. ET.

BOX Value Motion: Field shares had been up 3.43% in after-hours, buying and selling at $32.23 on the time of publication on Tuesday, in line with Benzinga Professional.

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Photograph: Shutterstock.