8x8 Reports Q2 2027 Earnings Growth Driven by Platform Usage and AI Adoption
8x8 (EGHT) reported strong second-quarter fiscal 2027 results, marking its sixth consecutive quarter of top-line growth. Total revenue rose 4% year-over-year to $192 million, while service revenue grew 5% to $187.8 million. A primary driver was the 51% surge in platform usage revenue, fueled by communication API adoption in the Asia Pacific region and a massive 450% increase in AI Studio interactions since its launch. The company outperformed financial guidance, reporting non-GAAP EPS of $0.12 and an operating margin of 10.8%, which exceeded management's previous projections. Following these results, 8x8 raised its full-year fiscal 2027 guidance for total revenue, service revenue, operating income, and cash flow. While the shift toward usage-based models has slightly compressed gross margins to approximately 60%, management views this as a strategic move toward higher operating profit potential.
Tickers: $EGHT
Topics: AI revenue debt reduction eps beat operating margin revenue growth