8X8 (NASDAQ:EGHT) Releases Q2 2026 Earnings Guidance

Key Points

• 8X8 has updated its Q2 2026 EPS guidance to 0.060-0.080, lower than the consensus estimate of 0.089, and has projected revenue guidance of $175.0 million-$180.0 million.
• Several analysts have issued mixed ratings on 8X8, with a consensus rating of "Hold" and an average price target of $2.51.
• The company's shares recently traded up 2.1% to $1.91, with a current market capitalization of $256.86 million.

8X8 (NASDAQ:EGHT - Get Free Report) issued an update on its second quarter 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.060-0.080 for the period, compared to the consensus estimate of 0.089. The company issued revenue guidance of $175.0 million-$180.0 million, compared to the consensus revenue estimate of $179.5 million. 8X8 also updated its FY 2026 guidance to 0.280-0.330 EPS.

8X8 Trading Up 3.7%

NASDAQ:EGHT traded up $0.07 on Thursday, reaching $1.83. 1,039,286 shares of the company's stock were exchanged, compared to its average volume of 1,165,111. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 2.77. The firm has a market capitalization of $245.43 million, a price-to-earnings ratio of -11.41, a price-to-earnings-growth ratio of 1.79 and a beta of 1.85. The business has a fifty day moving average of $1.90 and a 200-day moving average of $2.09. 8X8 has a 52-week low of $1.51 and a 52-week high of $3.52.

Wall Street Analysts Forecast Growth

EGHT has been the subject of a number of analyst reports. Morgan Stanley lowered their price objective on 8X8 from $2.60 to $1.90 and set an "underweight" rating for the company in a research report on Wednesday, April 16th. B. Riley restated a "buy" rating and issued a $3.00 price target (down previously from $4.00) on shares of 8X8 in a research report on Wednesday, May 14th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of 8X8 in a research note on Tuesday, July 29th. Wall Street Zen raised 8X8 from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 21st. Finally, Wells Fargo & Company reduced their price objective on 8X8 from $2.00 to $1.50 and set an "underweight" rating on the stock in a research note on Tuesday, April 22nd. Three analysts have rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $2.49.

Insider Activity at 8X8

In other news, major shareholder Sylebra Capital Llc sold 103,826 shares of the business's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $1.79, for a total value of $185,848.54. Following the sale, the insider owned 13,781,823 shares of the company's stock, valued at approximately $24,669,463.17. The trade was a 0.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders sold 311,470 shares of company stock valued at $567,950. 2.01% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in 8X8 stock. Dynamic Technology Lab Private Ltd boosted its holdings in shares of 8x8 Inc (NASDAQ:EGHT - Free Report) by 505.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,147 shares of the company's stock after purchasing an additional 66,070 shares during the period. Dynamic Technology Lab Private Ltd owned 0.06% of 8X8 worth $158,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 93.99% of the company's stock.

About 8X8

8x8, Inc engages in the provision of enterprise communication solutions. It offers solutions to the business services, education, financial services, government, healthcare, and manufacturing industries. The company was founded in February 1987 and is headquartered in Campbell, CA.