Why Box Stock Jumped Nearly 20% Today

Group 1 - Box's shares surged by as much as 19.7% following the release of strong Q1 fiscal-year 2026 results, with a peak increase of about 18% by 3:10 p.m. ET [1] - The company's Q1 2026 sales increased by 4% year over year to $276.3 million, while adjusted earnings per diluted share fell from $0.39 to $0.30, impacted by foreign currency exchange rates [3] - Analysts had expected earnings of approximately $0.26 per share on revenue around $275.1 million, indicating that Box's performance exceeded some market expectations [3] Group 2 - Looking ahead, Box's management anticipates Q2 revenue of approximately $290 million and adjusted earnings per share of around $0.30, compared to $270 million and $0.44 per share in the same period last year [4] - The company is recognizing $248 million of deferred tax credits, which has affected its bottom line, reducing Q1 adjusted earnings by $0.12 per share [5] - Box recently launched a new AI platform aimed at helping enterprise clients manage data for their AI agents, contributing to a positive outlook and stock performance [6]