8x8 Inc. (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.
8x8 Stock Jumps After Earnings Beat — Here's What Happened
MarketDash
The cloud communications company posted strong Q4 results, with record revenue and its first GAAP-profitable year since 2015.
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8x8 Q4 Details
8x8 reported quarterly adjusted earnings of 11 cents, which beat the eight cent estimate, according to market data.
Quarterly revenue came in at $185.25 million, which beat the $181.12 million analyst estimate.
8x8 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 8x8. 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 8x8.
EGHT Stock Price: According to market data, 8x8 stock was up 16.60% to $2.80 in Tuesday's extended trading.
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