Box Is Unlocking Pricing Leverage With AI—But Can It Sustain the Momentum?

Box, Inc. recently reported strong financial results for the third quarter of fiscal 2026, reflecting both the ongoing strategic investments and heightened demand for its AI-enabled content management solutions. The company exceeded revenue expectations, with a 9% year-over-year increase to $301 million, driven by a 12% rise in billings and an 18% growth in remaining performance obligations (RPO). This progress was attributed to the successful adoption of their Enterprise Advanced suite, which integrates sophisticated AI capabilities into workflow automation and content management. Box’s key initiatives are centered around leveraging AI to unlock value from unstructured data. The company’s AI platform, Box AI, aims to streamline document workflows and improve data management, catering mainly to enterprise-level clients. These solutions have shown particular promise in sectors such as financial services and law, evidenced by substantial client upgrades and new logos during the quarter.