Box raises its annual revenue outlook, but the market remains cold

Box topped first-quarter EPS and revenue estimates and lifted its fiscal 2027 revenue outlook.

Even so, its next-quarter EPS guidance fell short of Wall Street expectations, sending the stock lower after hours.

Management said AI remains a growth opportunity, but investors are still worried about pressure from large language models and AI agents on enterprise software demand.

The update highlights how solid results can still be overshadowed by weak near-term profit guidance and disruption fears.