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Why 8x8 Stock Is Soaring Today

TheMotleyFool

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Shares of 8x8 (NASDAQ: EGHT) jumped as much as 27.7% on Wednesday morning, peaking at 10:30 a.m. ET. The cloud-based voice and video communications specialist posted Q2 2026 results on Tuesday evening, exceeding Wall Street's consensus estimates while setting bullish guidance targets for the next two quarters.

Q2 sales for 8x8 rose 1.7% year over year to $184.1 million. This was the second positive top-line change in a row after a long string of shrinking sales. On the bottom line, adjusted earnings held steady at $0.09 per diluted share. The Street consensus had pointed to earnings near $0.07 per share on revenues in the neighborhood of $178 million.

Image source: Getty Images.

Source Fool.com

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