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DBXDropbox, Inc.Sell5.0·$34.75+2.21%

Dropbox (DBX) Q2 2026 earnings — TrendMatrix coverage

BEAT+1.5% vs estimateEPS $0.75 vs $0.74 estVerdict SellBuy (Wait)

Reported

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure

Event detail · Q2 2026

Key numbers

Reported EPS
$0.75
Estimate
$0.74
Surprise
+1.5%
Score at report (before → after)
5.45.7/10

Revenue for this quarter isn’t shown: the reported figure hasn’t cleared TrendMatrix’s freshness and sanity checks yet, and consensus revenue isn’t tracked. EPS above is the available figure.

Report record · Q2 2026

How the report landed

Dropbox (DBX) beat the $0.74 estimate with diluted EPS of $0.75 — a modest 1.5% upside surprise. TrendMatrix's engine moved from Sell (5.4/10) to Buy (Wait) at 5.7/10 after the report.

Current read · as of 2026-08-23

Where TrendMatrix's rating stands now

TrendMatrix currently rates DBX Sell at 5.0/10.

4 of the last 4 quarters beat the estimate; this quarter's +1.5% surprise compares with a +6.6% four-quarter average. Next scheduled report: 2026-11-05.

What supports the rating

  • Strong earnings beat streak (4/4)
  • High-quality business

What argues against it

  • Analyst target reached - limited upside remaining
  • Weak overall score: 5.0/10
  • Weak growth

This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.

Current engine read

The levels TrendMatrix's engine tracks

Current price
$34.75
Price target
$35.57
Stop
$32.06
Upside to target
+2.4%

The stock trades at 18.8× trailing but 10.5× forward earnings — consensus estimates already build in a substantial earnings recovery.

Model outputs from TrendMatrix’s engine as of 2026-08-23 — shown for context, not personalized investment advice.

Technology context

DBX at TrendMatrix's latest read

Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.

Industry
Software - Infrastructure
Market cap
$7.50B
P/E (fwd)
10.5
P/E (ttm)
18.8
52-week range
$21.70$36.30
Off 52-week high
4.3%
RSI (14)
57
Volume vs avg
0.46×
Score today
5.0/10

Earnings figures are sourced from TrendMatrix’s pipeline (EPS: existing earnings extraction; revenue: SEC XBRL company facts where available, yfinance-provisional otherwise). Not a buy/sell rating, a price target, or investment advice — see the current verdict on the stock’s main page for TrendMatrix’s live read.

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