Is Workday (WDAY) Stock Finally Turning a Corner After Q2 Earnings Beat?
TLDR
- Workday reported Q2 adjusted EPS of $2.75, beating the $2.61 estimate, on revenue of $2.65 billion.
- Subscription revenue hit $2.47 billion, up 13.9% year over year, above its own guidance.
- AI now accounts for more than 25% of new annual contract value, with over 5,500 customers using at least one AI agent.
- Full-year fiscal 2027 subscription revenue guidance raised to $9.94B-$9.95B, up 13%.
- Workday repurchased 9.8 million shares for $1.3 billion and authorized an additional $4 billion in buybacks.
Workday (WDAY) posted a solid second quarter, beating analyst estimates on both earnings and revenue. The stock closed up 1.5% at $193.57 in regular trading on Thursday, and was up another 1% in Fridayโs premarket.
Adjusted earnings came in at $2.75 per share, ahead of the $2.61 Wall Street expected. Revenue rose 12.8% year over year to $2.65 billion, just above the $2.64 billion consensus estimate.
Subscription revenue was $2.47 billion, up 13.9% from a year ago. That came in above Workdayโs own guidance of around $2.455 billion.
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