8X8 (NASDAQ:EGHT) Issues Quarterly Earnings Results

Posted by Brenda Bartman on Nov 4th, 2026

8X8 (NASDAQ:EGHT – Get Free Report) issued its earnings results on Wednesday. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.08, FiscalAI reports. The business had revenue of $192.00 million during the quarter. 8X8 had a return on equity of 28.72% and a net margin of 0.64%.

Here are the key takeaways from 8X8’s conference call:

8×8 posted its sixth consecutive quarter of year-over-year revenue growth, with Q2 total revenue up 4.3% to $192 million and service revenue up 4.9% to $187.8 million. Operating income, EPS, and cash flow also exceeded the high end of guidance.
Platform usage revenue grew 51%, led by CPaaS in Asia Pacific and rising AI adoption; recurring revenue from AI solutions increased 58% year over year. The company raised its full-year revenue, operating income, EPS, and operating cash flow outlook.
Growth in usage-based offerings is weighing on gross margin because those offerings carry lower margins; Q2 gross margin was 60.1%, and management expects the mix shift to continue pressuring the percentage. Executives said usage revenue is less predictable because it is not contracted, and forecast growth to moderate to 35%–45% in Q3.
8×8 has about $297 million of debt after an October repayment and said it is working on a refinancing solution for its term loan and 2028 notes ahead of the term loan’s August 2027 maturity. Management expressed confidence, but did not provide details of the refinancing.

8X8 Price Performance

NASDAQ EGHT traded up $0.17 during mid-day trading on Wednesday, hitting $2.26. The stock had a trading volume of 2,241,138 shares, compared to its average volume of 1,660,971. The company has a 50 day simple moving average of $2.05 and a 200 day simple moving average of $2.03. The company has a market cap of $326.43 million, a price-to-earnings ratio of 56.51, a P/E/G ratio of 1.43 and a beta of 1.91. 8X8 has a 52-week low of $1.57 and a 52-week high of $2.88. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.83.

Insiders Place Their Bets

In other news, Director Andrew F. Burton sold 107,085 shares of 8X8 stock in a transaction on Friday, September 11th. The stock was sold at an average price of $1.81, for a total transaction of $193,823.85. Following the completion of the transaction, the director owned 151,615 shares of the company’s stock, valued at $274,423.15. The trade was a 41.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevin Kraus sold 34,329 shares of 8X8 stock in a transaction on Friday, August 7th. The stock was sold at an average price of $2.32, for a total value of $79,643.28. Following the transaction, the chief financial officer directly owned 958,324 shares of the company’s stock, valued at $2,223,311.68. This trade represents a 3.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 150,847 shares of company stock worth $290,635. 2.13% of the stock is owned by company insiders.

Hedge Funds Weigh In On 8X8

Hedge funds have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC purchased a new stake in shares of 8X8 in the first quarter valued at about $25,000. Heron Bay Capital Management purchased a new position in shares of 8X8 during the 2nd quarter worth approximately $25,000. Legal & General Group Plc acquired a new position in shares of 8X8 during the 2nd quarter worth approximately $26,000. Amundi acquired a new position in shares of 8X8 during the 2nd quarter worth approximately $43,000. Finally, Sei Investments Co. lifted its stake in 8X8 by 38.9% in the 1st quarter. Sei Investments Co. now owns 29,209 shares of the company’s stock valued at $48,000 after buying an additional 8,177 shares in the last quarter. 93.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Rosenblatt Securities reiterated a “buy” rating and issued a $3.00 price objective on shares of 8X8 in a research report on Thursday, September 10th. B. Riley Financial reaffirmed a “buy” rating and set a $3.25 price target (up from $3.00) on shares of 8X8 in a research note on Wednesday, August 5th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of 8X8 in a report on Tuesday, September 1st. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $3.12.

View Our Latest Report on EGHT

8X8 Company Profile

(Get Free Report)

8×8, Inc is a cloud communications and customer experience technology company that provides voice, video, chat, contact center and communications application programming interface (API) services. Its platform is designed to help businesses manage employee communications and customer interactions through integrated, cloud-based tools.

The company’s offerings include 8×8 Work, a unified communications service for business calling, messaging and meetings, and 8×8 Contact Center, which supports customer service operations across voice and digital channels.