8x8 fiscal Q2 revenue beats estimates, driven by record usage of CX platform
Overview
8x8 fiscal Q2 revenue of $184.1 mln beats analyst expectations
Adjusted operating income for fiscal Q2 beats consensus estimates
Company reports 19th consecutive qtr of positive cash flow from operations
Outlook
8x8 sees Q3 service revenue between $172 mln and $177 mln
8x8 expects Q3 total revenue between $177 mln and $182 mln
8x8 projects FY 2026 service revenue between $692 mln and $706 mln
8x8 forecasts FY 2026 total revenue between $712 mln and $726 mln
Result Drivers
PLATFORM ENGAGEMENT - Revenue growth was driven by record usage of our CX platform, per CEO Samuel Wilson
AI INTEGRATION - AI embedded across operations to enhance efficiency and customer success, per CEO Samuel Wilson
PRODUCT EXPANSION - Expansion of product portfolio contributed to revenue growth, per CEO Samuel Wilson
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $184.1 mln | $178.22 mln (6 Analysts) |
Q2 Net Income | $800,000 | ||
Q2 Adjusted Operating Income | Beat | $17.3 mln | $16.05 mln (5 Analysts) |
Q2 Operating Income | $5.3 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the integrated telecommunications services peer group is "buy"
Wall Street's median 12-month price target for 8x8 Inc is $2.75, about 32.4% above its November 3 closing price of $1.86
The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 5 three months ago
Press Release:
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