Core Insights - Box reported a revenue of $301 million for Q3 FY26, representing a 9% year-over-year increase, and an 8% increase on a constant currency basis [1][6] - Remaining performance obligations (RPO) reached $1.5 billion, up 18% year-over-year, or 19% in constant currency [1][6] - The company announced a new $150 million expansion of its stock repurchase program [1][8] Financial Performance - GAAP operating margin was 8.3%, while non-GAAP operating margin was 28.6% [1][6] - GAAP net income per share was $0.05, unchanged year-over-year, while non-GAAP net income per share was $0.31, down from $0.45 [1][6] - Net cash provided by operating activities increased by 17% to $73 million, and non-GAAP free cash flow rose by 7% to $61.4 million [1][6] Business Highlights - Box's AI-powered Intelligent Content Management platform is gaining traction among enterprises, with a net retention rate improvement to 104% [2] - The company secured new business with major organizations across various sectors, including Media & Entertainment, Consumer Packaged Goods, and Financial Services [6] - New AI capabilities were introduced, including Box Extract for data extraction and Box Automate for workflow automation [6][16] Share Repurchase and Capital Return - In Q3 FY26, Box repurchased 2.4 million shares for approximately $77 million, with $35 million remaining under the current buyback capacity [8] - The Board of Directors authorized an additional $150 million for the stock repurchase program, reflecting the company's commitment to returning capital to shareholders [8] Outlook - For Q4 FY26, revenue is expected to be approximately $304 million, up 9% year-over-year, with GAAP operating margin projected at 11% and non-GAAP operating margin at 30% [17] - Full-year FY26 revenue guidance is approximately $1.175 billion, reflecting an 8% year-over-year increase [17]