8×8 Inc. (NASDAQ:EGHT) shares soared after the company posted its fourth-quarter results after Tuesday’s closing bell, beating analyst estimates on the top and bottom lines.
Here's a look at the details inside the report.
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8×8 Q2 Details
8×8 reported quarterly adjusted earnings of 11 cents, which beat the eight cent estimate, according to Benzinga Pro data.
Quarterly revenue came in at $185.25 million, which beat the $181.12 million analyst estimate.
8×8 reported the following highlights:
- Record fourth quarter and full-year service revenue, with four consecutive quarters of year-over-year revenue growth
- Fiscal 2026 usage-based revenue grew more than 50% year-over-year and fourth quarter usage-based revenue grew more than 70% year-over-year
- Achieved GAAP profitability for the quarter and full fiscal year, while strengthening balance sheet and reducing debt
“Fiscal 2026 marked a turning point for 8×8. We delivered four consecutive quarters of revenue growth, achieved our first GAAP-profitable full fiscal year since 2015, strengthened our balance sheet, and continued expanding our platform capabilities for an era of AI-driven customer engagement,” said Samuel Wilson, CEO of 8×8.
EGHT Stock Price: According to data from Benzinga Pro, 8×8 stock was up 16.60% to $2.80 in Tuesday's extended trading.
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