Box at Citi’s 2026 Global TMT Conference: AI drives growth

Box (BOX) reported strong revenue growth and expanding margins at its 2026 Global TMT Conference, driven by the increasing adoption of its Enterprise Advanced product by enterprises moving AI projects from testing to core strategy. The company sees a medium-term growth path of 10% to 15%, with potential upside from Enterprise Advanced, consumption revenue, systems integrators, and geographic expansion.

While gross margin pressure from cloud capacity limits and AI costs are expected to persist through 2025, Box's strong pricing power and operating margin expansion provide a positive outlook for the stock.

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