Veeva Systems Inc. · VEEV · FY2027 Q1 · Calendar Q2 2026

Veeva pairs steady guidance with Falcon AI rollout and Ostro integration

The supplied analysis supports a constructive but conditional view: Veeva’s demand appears resilient across AI, Crossix, CRM migration and Development Cloud initiatives, while the next phase of growth depends on Falcon adoption, Ostro integration and execution against remaining migrations.

Reported After market closeNYSETechnology $43.98B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $2.24 Consensus $2.14
EPS surprise +4.7% Reported versus consensus
Reported revenue $882.9M Consensus $857.7M
Revenue surprise +2.9% Reported versus consensus

Market reaction

event-close to next-session close
Stock move -0.1% Event window
SPY move +0.4% Same window
Abnormal move -0.4% Stock minus SPY
Volume 0.8× Versus trailing sessions
Subsequent drift +7.5% Up to 20 sessions
VEEVSPY benchmark

Ask FN2 about VEEV FY2027 Q1

Transcript, numbers and history already loaded
Why did VEEV fall 0.1% after beating EPS estimates in FY2027 Q1?What changed in VEEV's guidance and outlook in FY2027 Q1?Give me the bull and bear case for VEEV after FY2027 Q1 earnings.

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Transcript intelligence

What changed

The quarter introduced greater emphasis on Falcon as a potential AI-driven workflow platform, added Ostro to the Commercial Cloud portfolio, and extended Crossix’s digital measurement reach. The analysis also indicates that CRM migration momentum remained strong while full-year guidance was maintained.

Guidance delta

Management maintained full-year guidance; the analysis does not identify a change.

Key takeaways

  • Management reported strong execution against the quarter’s guidance.
  • Falcon broadens Veeva’s AI strategy into high-volume document and safety workflows, but rollout timing and pricing remain open questions.
  • Crossix continued to support growth while expanding into additional digital measurement channels.
  • Ostro adds a brand-engagement platform, while CRM migrations and the Development Cloud pipeline remain central priorities.

Management priorities

  • Launch the Falcon early-adopter program and expand AI agents across commercial and R&D functions.
  • Integrate Ostro into the Commercial Cloud and broaden HCP and patient engagement.
  • Continue Vault CRM migration efforts, including remaining top-20 decisions.
  • Advance Development Cloud capabilities, including eSource data capture.

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Earnings History

Estimate Beat Miss Match
VEEV EPS earnings history estimate and actual scatter chart 9 reported fiscal quarters and 4 future estimate-only quarters. Q4 '24 estimate $1.30 Q4 '24 actual $1.38, beat Q1 '25 estimate $1.42 Q1 '25 actual $1.50, beat Q2 '25 estimate $1.53 Q2 '25 actual $1.62, beat Q2 '26 estimate $1.90 Q2 '26 actual $1.99, beat Q3 '26 estimate $1.95 Q3 '26 actual $2.04, beat Q4 '26 estimate $1.94 Q4 '26 actual $2.06, beat Q1 '27 estimate $2.14 Q1 '27 actual $2.24, beat Q2 '27 estimate $2.23 Q2 '27 actual $2.35, beat Q3 '27 estimate $2.34 Q4 '27 estimate $2.31 Q1 '28 estimate $2.45 Q2 '28 estimate $2.56
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Analyst Consensus ?

ConsensusBuy41 ratings
Bullish2868.3%
Neutral1229.3%
Bearish12.4%

1 unmapped firm rating excluded from the percentages.

Analyst 52W Price Targets

$270.75Previous close
$165Low
$270.37Average
$355High

Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Sep 24, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Citigroup Neutral NeutralMaintainAug 28, 2026
UBS Neutral NeutralMaintainAug 27, 2026
Truist Securities Buy BuyMaintainAug 27, 2026
TD Cowen Buy BuyMaintainAug 27, 2026
RBC Capital Outperform OutperformMaintainAug 27, 2026
Show 37 more rating actions

Named analyst price targets

Upside is calculated against the persisted previous close $270.75. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Wells FargoStan Berenshteyn$330$275.09 +21.9%Sep 8, 2026
Truist FinancialAnalyst unavailable$305$288.01 +12.7%Aug 27, 2026
Raymond JamesAnalyst unavailable$330$295.78 +21.9%Aug 27, 2026
UBSAnalyst unavailable$325$294.74 +20.0%Aug 27, 2026
RBC CapitalAnalyst unavailable$325$286.68 +20.0%Aug 27, 2026
See 109 more

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Company context

Snapshot as of publication

Veeva Systems Inc. is a leading provider of cloud-based software solutions, exclusively dedicated to the global life sciences industry. Its extensive operational presence spans across North America, Europe, the Asia Pacific region, the Middle East, Africa, and Latin America. The company's product portfolio is primarily structured around two major offerings. First, the Veeva Commercial Cloud delivers an integrated suite of software, data, and analytics tools designed to optimize commercial operations. This includes vital applications such as Veeva Customer Relationship Management (CRM) and its specialized Medical CRM, Veeva Closed Loop Marketing (CLM), sophisticated analytics via Veeva CRM MyInsights, approved email communication with Veeva CRM Approved Email, digital engagement tools like Veeva CRM Engage, commercial alignment through Veeva Align, event management capabilities with Veeva CRM Events Management, data warehousing solutions (Veeva Nitro), data services (Veeva OpenData, Veeva Link), master data management (Veeva…

Historical context

All VEEV earnings
+15.2%FY2027 Q2 · Calendar Q3 2026

Technology peers this season

Latest reports in the same sector
CompanyQuarterEPS surpriseMarket moveHeadline
ADBE Adobe Inc. FY2026 Q3 · Calendar Q3 2026 +0.8% +1.4% Adobe raises FY26 outlook as AI strategy broadens
ORCL Oracle Corporation FY2027 Q1 · Calendar Q3 2026 +10.3% -1.7% Oracle raises FY27 outlook as AI demand accelerates cloud growth
SAIL SailPoint, Inc. FY2027 Q2 · Calendar Q3 2026 +13.8% -1.2% SailPoint pairs 25% ARR growth with accelerating AI-driven adoption
CIEN Ciena Corporation FY2026 Q3 · Calendar Q3 2026 +22.0% -10.4% Ciena raises outlook as AI networking demand lifts backlog
DOCU DocuSign, Inc. FY2027 Q2 · Calendar Q3 2026 +6.4% +3.7% DocuSign Q2 FY27: IAM momentum supports a raised outlook
IOT Samsara Inc. FY2027 Q2 · Calendar Q3 2026 +25.0% +3.7% Samsara: AI adoption expands as FY27 guidance holds

Latest beats and misses

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Sources

  1. Earnings call transcript and parsed analysis · 2026-06-04T14:24:11.536908+00:00
  2. FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
  3. Polygon adjusted daily market bars · 2026-09-24T07:10:59.352575+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-24T07:10:59.349498+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-09-24. For educational purposes only; not investment advice.