Analyst Consensus ?
ConsensusBuy78 ratings
Bullish4355.1%
Neutral3241.0%
Bearish33.9%
1 unmapped firm rating excluded from the percentages.
Workday, Inc. · WDAY · FY2027 Q1 · Calendar Q2 2026
Workday Q1 FY27: AI Agent Surge Drives Strongest New ACV Growth in Five Years, Margins Expand
Workday's Q1 FY27 results showed its AI-first strategy translating into measurable commercial traction, with AI agent ARR approaching $500M and the strongest new ACV growth in five years. The company beat consensus on both EPS ($2.66 vs. $2.51) and revenue ($2.54B vs. $2.52B), expanded non-GAAP operating margin to 31.8%, and raised FY27 margin guidance. However, subscription revenue growth decelerated to 14% from 16% in the prior quarter, and the stock's initial 5.2% post-earnings pop was followed by a 10.2% drift lower, suggesting investors are weighing AI monetization strength against a decelerating top line.
Reported After market closeNASDAQTechnology
$44.01B market cap
100quality score
Company context
Snapshot as of publicationWorkday, Inc. delivers comprehensive, cloud-hosted enterprise software solutions to clients worldwide. These platforms empower organizations to strategize, operate, examine performance, integrate with existing systems, and oversee their overall business functions. A core offering includes a robust suite of financial management tools. These are designed to assist Chief Financial Officers (CFOs) in meticulously maintaining general ledger accounting data, streamlining financial workflows, gaining instant insights into financial and operational metrics, optimizing consolidation, accelerating month-end closes, bolstering internal controls and audit readiness, and ensuring uniformity throughout their financial activities. Workday also provides cloud-based spend management solutions. These facilitate smoother supplier engagement and contract administration, optimize the handling of indirect expenditures, and enable the effective execution of sourcing initiatives, including requests for proposals (RFPs).…
Earnings scorecard
Reported versus consensus
Reported EPS
$2.66
Consensus $3
EPS surprise
+6.0%
Reported versus consensus
Reported revenue
$2.54B
Consensus $2.52B
Revenue surprise
+1.0%
Reported versus consensus
Earnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$168.01Previous close
$125Low
$220.75Average
$325High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Jul 30, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Morgan Stanley | Underweight | Equal Weight | Downgrade | Jul 21, 2026 |
| Goldman Sachs | Neutral | Neutral | Maintain | May 26, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | May 22, 2026 |
| UBS | Neutral | Neutral | Maintain | May 22, 2026 |
| Piper Sandler | Neutral | Neutral | Maintain | May 22, 2026 |
| Needham | Buy | Buy | Maintain | May 22, 2026 |
| Keybanc | Overweight | Overweight | Maintain | May 22, 2026 |
| Jefferies | Hold | Hold | Maintain | May 22, 2026 |
| Citigroup | Neutral | Neutral | Maintain | May 22, 2026 |
| BTIG | Buy | Buy | Maintain | May 22, 2026 |
| Cantor Fitzgerald | Overweight | Overweight | Maintain | May 20, 2026 |
| BWG Global | Negative | Mixed | Downgrade | May 15, 2026 |
| Freedom Broker | Buy | Buy | Maintain | Mar 12, 2026 |
| Rosenblatt | Buy | Buy | Maintain | Feb 25, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Feb 25, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Feb 25, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Feb 25, 2026 |
| Guggenheim | Buy | Buy | Maintain | Feb 25, 2026 |
| Evercore ISI Group | In Line | Outperform | Downgrade | Feb 25, 2026 |
| DA Davidson | Neutral | Neutral | Maintain | Feb 25, 2026 |
| Bernstein | Outperform | Outperform | Maintain | Feb 25, 2026 |
| Barclays | Overweight | Overweight | Maintain | Feb 25, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Feb 24, 2026 |
| TD Cowen | Buy | Buy | Maintain | Feb 20, 2026 |
| Deutsche Bank | Buy | Buy | Maintain | Feb 18, 2026 |
| Citizens | Market Perform | Market Outperform | Downgrade | Feb 18, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Feb 17, 2026 |
| Stifel | Hold | Hold | Maintain | Nov 26, 2025 |
| JMP Securities | Market Outperform | Market Outperform | Maintain | Sep 17, 2025 |
| Canaccord Genuity | Buy | Buy | Maintain | Aug 22, 2025 |
| B of A Securities | Buy | Buy | Maintain | Aug 22, 2025 |
| WestPark Capital | Buy | Buy | Maintain | May 23, 2025 |
| Loop Capital | Hold | Hold | Maintain | May 23, 2025 |
| Scotiabank | Sector Outperform | Sector Outperform | Maintain | Mar 17, 2025 |
| Citizens Capital Markets | Market Outperform | Market Outperform | Maintain | Feb 26, 2025 |
| Baird | Outperform | Outperform | Maintain | May 24, 2024 |
| OTR Global | Mixed | Positive | Downgrade | Aug 22, 2023 |
| Exane BNP Paribas | Outperform | Neutral | Upgrade | May 24, 2023 |
| Credit Suisse | Neutral | Neutral | Maintain | Mar 1, 2023 |
| Cowen & Co. | Outperform | Outperform | Maintain | Feb 28, 2023 |
| Capital One | Overweight | Overweight | Maintain | Jan 13, 2023 |
| MoffettNathanson | Outperform | Outperform | Maintain | Jan 9, 2023 |
| Monness, Crespi, Hardt | Neutral | Buy | Downgrade | Nov 17, 2022 |
| Macquarie | Neutral | Neutral | Maintain | Nov 2, 2022 |
| Wolfe Research | Outperform | Outperform | Maintain | Aug 26, 2022 |
| Societe Generale | Buy | Hold | Upgrade | Mar 1, 2022 |
| Stifel Nicolaus | Hold | Hold | Maintain | Feb 28, 2020 |
| Wedbush | Neutral | Neutral | Maintain | Dec 4, 2019 |
| Compass Point | Neutral | Buy | Downgrade | Dec 4, 2019 |
| Citi | Neutral | Sell | Upgrade | Aug 30, 2019 |
| Bank of America | Buy | Buy | Maintain | May 29, 2019 |
| Atlantic Equities | Overweight | Overweight | Maintain | Jan 9, 2019 |
| B. Riley FBR | Neutral | Neutral | Maintain | May 5, 2018 |
| Monness Crespi Hardt | Buy | Buy | Maintain | Apr 11, 2018 |
| BTIG Research | Neutral | Buy | Downgrade | Jun 2, 2017 |
| Benchmark | Hold | Hold | Maintain | Apr 27, 2017 |
| PiperJaffray | Overweight | Neutral | Upgrade | Feb 17, 2017 |
| Nomura | Neutral | Neutral | Maintain | Sep 28, 2016 |
| Brean Capital | Sell | Sell | Maintain | Sep 28, 2016 |
| Wunderlich Securities | Buy | Buy | Maintain | Aug 25, 2016 |
| Wunderlich | Buy | Buy | Maintain | Aug 25, 2016 |
| Pacific Crest | Sector Weight | Maintain | Aug 25, 2016 | |
| Drexel Hamilton | Buy | Buy | Maintain | Aug 25, 2016 |
| Stephens & Co. | Equal Weight | Equal Weight | Maintain | Aug 4, 2016 |
| Cross Research | Hold | Buy | Downgrade | May 31, 2016 |
| FBR Capital | Outperform | Outperform | Maintain | Mar 1, 2016 |
| Mitsubishi UFJ | Overweight | Overweight | Maintain | Feb 9, 2016 |
| Lake Street | Hold | Hold | Maintain | Nov 9, 2015 |
| First Analysis | Overweight | Overweight | Maintain | Dec 23, 2014 |
| Northland Capital Markets | Outperform | Market Perform | Upgrade | Oct 13, 2014 |
| Northland | Outperform | Market Perform | Upgrade | Oct 13, 2014 |
| B. Riley Securities | Neutral | Neutral | Maintain | May 27, 2014 |
| B. Riley | Neutral | Neutral | Maintain | Mar 13, 2014 |
| FBN Securities | Sector Perform | Sector Perform | Maintain | Feb 27, 2014 |
| Janney Capital | Neutral | Neutral | Maintain | Oct 22, 2013 |
| Susquehanna | Neutral | Neutral | Maintain | Jul 16, 2013 |
| Northland Securities | Perform | Market Perform | Maintain | Jan 30, 2013 |
| Evercore Partners | Equal Weight | Equal Weight | Maintain | Dec 20, 2012 |
| William Blair | Outperform | Outperform | Maintain | Nov 5, 2012 |
Named analyst price targets
Upside is calculated against the persisted previous close $168.01. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Morgan Stanley | Adam Wood | $145 | $147.22 | -13.7% | Jul 21, 2026 |
| Monness | Analyst unavailable | $150 | $118.09 | -10.7% | Jun 25, 2026 |
| Summit Redstone Partners | Analyst unavailable | $275 | $124.02 | +63.7% | May 27, 2026 |
| H.C. Wainwright | Analyst unavailable | $140 | $124.02 | -16.7% | May 27, 2026 |
| D.A. Davidson | Analyst unavailable | $135 | $125.48 | -19.6% | May 26, 2026 |
| Goldman Sachs | Analyst unavailable | $151 | $128.14 | -10.1% | May 26, 2026 |
| UBS | Analyst unavailable | $140 | $128.46 | -16.7% | May 22, 2026 |
| Needham | Analyst unavailable | $180 | $121.85 | +7.1% | May 22, 2026 |
| Piper Sandler | Billy Fitzsimmons | $145 | $121.85 | -13.7% | May 22, 2026 |
| Wells Fargo | Michael Turrin | $185 | $121.85 | +10.1% | May 22, 2026 |
| Oppenheimer | Ken Wong | $165 | $121.85 | -1.8% | May 22, 2026 |
| KeyBanc | Analyst unavailable | $158 | $121.85 | -6.0% | May 22, 2026 |
| Wolfe Research | Alex Zukin | $160 | $121.85 | -4.8% | May 22, 2026 |
| Bernstein | Mark Moerdler | $216 | $121.85 | +28.6% | May 22, 2026 |
| Jefferies | Analyst unavailable | $140 | $121.85 | -16.7% | May 22, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $160 | $129.34 | -4.8% | May 20, 2026 |
| Loop Capital Markets | Almas Almaganbetov | $210 | $137.83 | +25.0% | Mar 12, 2026 |
| Robert W. Baird | Mark Marcon | $190 | $133.29 | +13.1% | Feb 25, 2026 |
| BMO Capital | Daniel Jester | $182 | $128.18 | +8.3% | Feb 25, 2026 |
| D.A. Davidson | Gil Luria | $125 | $127.46 | -25.6% | Feb 25, 2026 |
| RBC Capital | Rishi Jaluria | $180 | $127.39 | +7.1% | Feb 25, 2026 |
| Piper Sandler | Billy Fitzsimmons | $135 | $128.34 | -19.6% | Feb 25, 2026 |
| KeyBanc | Jason Celino | $155 | $127.2 | -7.7% | Feb 25, 2026 |
| Robert W. Baird | Analyst unavailable | $195 | $129.21 | +16.1% | Feb 24, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $200 | $129 | +19.0% | Feb 23, 2026 |
| Morgan Stanley | Analyst unavailable | $200 | $129.32 | +19.0% | Feb 23, 2026 |
| Jefferies | Analyst unavailable | $150 | $137.81 | -10.7% | Feb 23, 2026 |
| Deutsche Bank | Analyst unavailable | $190 | $143.12 | +13.1% | Feb 18, 2026 |
| Wells Fargo | Analyst unavailable | $255 | $143.12 | +51.8% | Feb 18, 2026 |
| BMO Capital | Analyst unavailable | $204 | $141 | +21.4% | Feb 17, 2026 |
| Oppenheimer | Brian Schwartz | $200 | $141.83 | +19.0% | Feb 17, 2026 |
| UBS | Karl Keirstead | $170 | $155.97 | +1.2% | Feb 10, 2026 |
| BTIG | Analyst unavailable | $230 | $154.56 | +36.9% | Feb 9, 2026 |
| Stifel Nicolaus | Brad Reback | $175 | $153.07 | +4.2% | Feb 9, 2026 |
| Evercore ISI | Analyst unavailable | $200 | $152.52 | +19.0% | Feb 9, 2026 |
| Piper Sandler | Billy Fitzsimmons | $200 | $173.38 | +19.0% | Feb 2, 2026 |
| Barclays | Analyst unavailable | $275 | $207.18 | +63.7% | Jan 12, 2026 |
| Goldman Sachs | Analyst unavailable | $238 | $207.18 | +41.7% | Jan 12, 2026 |
| BTIG | Analyst unavailable | $285 | $216.11 | +69.6% | Dec 16, 2025 |
| Loop Capital Markets | Almas Almaganbetov | $280 | $222.77 | +66.7% | Dec 10, 2025 |
| Morgan Stanley | Analyst unavailable | $280 | $215.18 | +66.7% | Nov 26, 2025 |
| RBC Capital | Rishi Jaluria | $320 | $233.69 | +90.5% | Nov 26, 2025 |
| Bernstein | Mark Moerdler | $298 | $233.69 | +77.4% | Nov 26, 2025 |
| Stifel Nicolaus | Brad Reback | $235 | $233.69 | +39.9% | Nov 26, 2025 |
| UBS | Analyst unavailable | $260 | $233.69 | +54.8% | Nov 26, 2025 |
| Wells Fargo | Analyst unavailable | $290 | $233.69 | +72.6% | Nov 26, 2025 |
| Barclays | Raimo Lenschow | $280 | $235.21 | +66.7% | Nov 26, 2025 |
| Barclays | Analyst unavailable | $288 | $233.02 | +71.4% | Sep 18, 2025 |
| Guggenheim | Analyst unavailable | $285 | $234.88 | +69.6% | Sep 17, 2025 |
| Piper Sandler | Analyst unavailable | $235 | $234.88 | +39.9% | Sep 17, 2025 |
| BMO Capital | Analyst unavailable | $285 | $221.27 | +69.6% | Aug 22, 2025 |
| UBS | Karl Keirstead | $245 | $221.27 | +45.8% | Aug 22, 2025 |
| UBS | Analyst unavailable | $304 | $221.27 | +80.9% | Aug 22, 2025 |
| Bernstein | Mark Moerdler | $304 | $221.27 | +80.9% | Aug 22, 2025 |
| Deutsche Bank | Analyst unavailable | $280 | $221.27 | +66.7% | Aug 22, 2025 |
| Stifel Nicolaus | Analyst unavailable | $255 | $221.27 | +51.8% | Aug 22, 2025 |
| Oppenheimer | Brian Schwartz | $270 | $221.27 | +60.7% | Aug 22, 2025 |
| UBS | Analyst unavailable | $285 | $221.27 | +69.6% | Aug 22, 2025 |
| KeyBanc | Jason Celino | $285 | $221.27 | +69.6% | Aug 22, 2025 |
| Barclays | Raimo Lenschow | $298 | $226.09 | +77.4% | Aug 18, 2025 |
| Cantor Fitzgerald | Matthew Vanvliet | $265 | $223.07 | +57.7% | Aug 14, 2025 |
| UBS | Karl Keirstead | $250 | $213.69 | +48.8% | Aug 12, 2025 |
| Morgan Stanley | Keith Weiss | $255 | $238.01 | +51.8% | May 23, 2025 |
| Loop Capital Markets | Yun Kim | $270 | $274.17 | +60.7% | Nov 14, 2024 |
| JMP Securities | Patrick Walravens | $315 | $245.03 | +87.5% | Sep 23, 2024 |
| Deutsche Bank | Brad Zelnick | $275 | $248.12 | +63.7% | Sep 18, 2024 |
| UBS | Karl Keirstead | $270 | $248.12 | +60.7% | Sep 18, 2024 |
| Evercore ISI | Kirk Materne | $310 | $248.12 | +84.5% | Sep 18, 2024 |
| Guggenheim | John DiFucci | $200 | $248.12 | +19.0% | Sep 18, 2024 |
| Citigroup | Steven Enders | $274 | $251.19 | +63.1% | Sep 13, 2024 |
| Bank of America Securities | Brad Sills | $310 | $257.31 | +84.5% | Aug 23, 2024 |
| Piper Sandler | Brent Bracelin | $285 | $259.9 | +69.6% | Aug 23, 2024 |
| Loop Capital Markets | Yun Kim | $255 | $231.08 | +51.8% | Aug 23, 2024 |
| Wells Fargo | Michael Turrin | $300 | $231.08 | +78.6% | Aug 23, 2024 |
| Barclays | Raimo Lenschow | $289 | $231.08 | +72.0% | Aug 23, 2024 |
| KeyBanc | Jason Celino | $305 | $259.78 | +81.5% | Aug 23, 2024 |
| Oppenheimer | Ken Wong | $300 | $232.12 | +78.6% | Aug 15, 2024 |
| Bank of America Securities | Brad Sills | $265 | $232.12 | +57.7% | Aug 15, 2024 |
| Wells Fargo | Michael Turrin | $275 | $214.59 | +63.7% | Jun 21, 2024 |
| Macquarie | Frederick Havemeyer | $238 | $220.91 | +41.7% | May 24, 2024 |
| Loop Capital Markets | Yun Kim | $240 | $222.98 | +42.8% | May 24, 2024 |
| Robert W. Baird | Mark Marcon | $265 | $222.85 | +57.7% | May 24, 2024 |
| Piper Sandler | Brent Bracelin | $280 | $222.85 | +66.7% | May 24, 2024 |
| Mizuho Securities | Siti Panigrahi | $280 | $260.9 | +66.7% | May 24, 2024 |
| KeyBanc | Jason Celino | $275 | $260.9 | +63.7% | May 24, 2024 |
| BMO Capital | Daniel Jester | $300 | $260.9 | +78.6% | May 24, 2024 |
| Goldman Sachs | Kash Rangan | $300 | $260.9 | +78.6% | May 24, 2024 |
| Deutsche Bank | Brad Zelnick | $265 | $260.9 | +57.7% | May 24, 2024 |
| Evercore ISI | Kirk Materne | $300 | $260.9 | +78.6% | May 24, 2024 |
| UBS | Karl Keirstead | $255 | $260.9 | +51.8% | May 24, 2024 |
| RBC Capital | Rishi Jaluria | $300 | $260.9 | +78.6% | May 24, 2024 |
| D.A. Davidson | Gil Luria | $255 | $260.9 | +51.8% | May 24, 2024 |
| Wells Fargo | Michael Turrin | $350 | $259.5 | +108.3% | May 20, 2024 |
| BMO Capital | Daniel Jester | $338 | $259.5 | +101.2% | May 20, 2024 |
| KeyBanc | Jason Celino | $330 | $256.92 | +96.4% | May 17, 2024 |
| Oppenheimer | Ken Wong | $320 | $246.88 | +90.5% | May 15, 2024 |
| Piper Sandler | Brent Bracelin | $288 | $237.08 | +71.4% | Aug 25, 2023 |
| Oppenheimer | Brian Schwartz | $255 | $230.4 | +51.8% | Aug 24, 2023 |
| Loop Capital Markets | Daniel Jester | $260 | $230.41 | +54.8% | Aug 16, 2023 |
| RBC Capital | Rishi Jaluria | $275 | $226.88 | +63.7% | Jun 28, 2023 |
| Oppenheimer | Brian Schwartz | $240 | $217.13 | +42.8% | Jun 14, 2023 |
| Capital One Financial | Analyst unavailable | $200 | $165.96 | +19.0% | Jan 13, 2023 |
| MoffettNathanson | Analyst unavailable | $245 | $165.48 | +45.8% | Jan 9, 2023 |
| Jefferies | Brent Thill | $235 | $172.09 | +39.9% | Dec 20, 2022 |
| Cowen & Co. | Cowen Cowen | $225 | $174.69 | +33.9% | Dec 16, 2022 |
| KeyBanc | Michael Turits | $195 | $161.46 | +16.1% | Nov 30, 2022 |
| Morgan Stanley | Keith Weiss | $282 | $160.32 | +67.8% | Sep 14, 2022 |
| Deutsche Bank | Brad Zelnick Zelnick | $230 | $169.75 | +36.9% | Sep 13, 2022 |
| Guggenheim | John DiFucci DiFucci | $142 | $169.89 | -15.5% | Sep 12, 2022 |
| BMO Capital | Daniel Jester | $217 | $166.43 | +29.2% | Aug 26, 2022 |
| Robert W. Baird | Mark Marcon | $235 | $158.79 | +39.9% | May 27, 2022 |
| JMP Securities | Patrick Walravens | $210 | $158.79 | +25.0% | May 27, 2022 |
| BMO Capital | Daniel Jester | $239 | $158.79 | +42.3% | May 27, 2022 |
| D.A. Davidson | Robert Simmons, CFA | $220 | $158.79 | +30.9% | May 27, 2022 |
| J.P. Morgan | Mark Murphy | $235 | $158.79 | +39.9% | May 27, 2022 |
| Needham | Scott Berg | $200 | $158.79 | +19.0% | May 27, 2022 |
| Barclays | Raimo Lenschow | $208 | $158.79 | +23.8% | May 27, 2022 |
| Societe Generale | Richard Nguyen | $257 | $158.79 | +53.0% | May 27, 2022 |
| Wells Fargo | Michael Turrin | $240 | $158.79 | +42.8% | May 27, 2022 |
| Piper Sandler | Brent Bracelin | $230 | $158.79 | +36.9% | May 27, 2022 |
| Evercore ISI | Kirk Materne | $275 | $158.79 | +63.7% | May 27, 2022 |
| Monness | Brian White | $200 | $158.79 | +19.0% | May 27, 2022 |
| Mizuho Securities | Siti Panigrahi | $200 | $168.15 | +19.0% | May 26, 2022 |
| D.A. Davidson | Robert Simmons | $250 | $165.99 | +48.8% | May 22, 2022 |
| Barclays | Raimo Lenschow | $238 | $165.99 | +41.7% | May 21, 2022 |
| BMO Capital | Daniel Jester | $249 | $173.34 | +48.2% | May 17, 2022 |
| KeyBanc | Michael Turits | $268 | $189.46 | +59.5% | May 9, 2022 |
| Stifel Nicolaus | Brad Reback | $275 | $244.23 | +63.7% | Mar 28, 2022 |
| Bank of America Securities | Bradley Sills | $320 | $240.33 | +90.5% | Mar 1, 2022 |
| Loop Capital Markets | Yun Kim | $300 | $240.33 | +78.6% | Mar 1, 2022 |
| Wells Fargo | Michael Turrin | $340 | $240.33 | +102.4% | Mar 1, 2022 |
| Needham | Scott Berg | $300 | $240.33 | +78.6% | Mar 1, 2022 |
| Evercore ISI | Kirk Materne | $325 | $240.33 | +93.4% | Mar 1, 2022 |
| Societe Generale | Richard Nguyen | $309 | $240.33 | +83.9% | Mar 1, 2022 |
| BMO Capital | Daniel Jester | $295 | $240.33 | +75.6% | Mar 1, 2022 |
| Deutsche Bank | Brad Zelnick | $340 | $229.05 | +102.4% | Feb 28, 2022 |
| Cowen & Co. | Derrick Wood | $300 | $229.05 | +78.6% | Feb 28, 2022 |
| Mizuho Securities | Siti Panigrahi | $300 | $229.05 | +78.6% | Feb 28, 2022 |
| Jefferies | Brent Thill | $350 | $229.05 | +108.3% | Feb 28, 2022 |
| Barclays | Raimo Lenschow | $318 | $254.31 | +89.3% | Jan 17, 2022 |
| Credit Suisse | Philip Winslow | $300 | $286.6 | +78.6% | Nov 19, 2021 |
| Goldman Sachs | Kash Rangan | $345 | $286.6 | +105.3% | Nov 19, 2021 |
| Piper Sandler | Brent Bracelin | $360 | $286.6 | +114.3% | Nov 19, 2021 |
| Canaccord Genuity | David Hynes | $325 | $286.6 | +93.4% | Nov 19, 2021 |
| Morgan Stanley | Keith Weiss | $340 | $295.6 | +102.4% | Nov 15, 2021 |
| D.A. Davidson | Robert Simmons, CFA | $300 | $257.19 | +78.6% | Oct 12, 2021 |
| Wolfe Research | Alex Zukin | $310 | $257.86 | +84.5% | Oct 7, 2021 |
| RBC Capital | Matthew Hedberg | $280 | $229.35 | +66.7% | May 27, 2021 |
Track every rating change on WDAY the moment it posts. Free to start.
Start freeMarket reaction
event-close to next-session close
Stock move
+5.2%
Event window
SPY move
+0.4%
Same window
Abnormal move
+4.8%
Stock minus SPY
Volume
2.3×
Versus trailing sessions
Subsequent drift
-10.2%
Up to 20 sessions
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Try FN2 freeTranscript intelligence
What changed
Revenue of $2.54B exceeded the $2.52B consensus by ~1.0%, and EPS of $2.66 beat the $2.51 estimate by ~6.0%. Subscription revenue rose 14% YoY to $2.354B, down from 16% growth in Q4 FY26. Non-GAAP operating margin expanded to 31.8%, and FY27 margin guidance was raised. AI agent ARR approached $500M with over 200% YoY new ACV growth, up from $400M ARR last quarter. Sana and Paradox were fully integrated, creating a unified AI front door. The stock rose 5.2% on the print but subsequently drifted 10.2% lower.
Guidance delta
FY27 subscription revenue growth outlook maintained at 12-13%. Non-GAAP operating margin guidance for FY27 was raised. Overall guidance sentiment was maintained with an AI-first strategic emphasis.
Key takeaways
- EPS of $2.66 beat the $2.51 consensus by ~6.0%; revenue of $2.54B beat by ~1.0%.
- Subscription revenue grew 14% YoY to $2.354B, decelerating from 16% in Q4 FY26.
- AI agent portfolio drove over 200% YoY new ACV growth, with ARR approaching $500M, up from $400M last quarter.
- Non-GAAP operating margin expanded to 31.8%, and FY27 margin guidance was raised.
- Sana and Paradox fully integrated in Q1, creating a unified AI front door for Workday.
- Deployment Agent cuts implementation time by 30-50%, improving mid-market competitiveness.
Management priorities
- Host DevCon in Las Vegas in June with new AI platform announcements.
- Make Sana for Workday and self-service agent default for all customers by end of May.
- Launch additional AI agents and expand Extend Pro capabilities.
- Continue building AI APIs and headless transaction monetization.
- Grow the Vietnam operation and add more EU data-residency sites.
Related earnings events
TechnologySources
- Earnings call transcript and parsed analysis · 2026-05-22T01:22:03.966805+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-07-30T05:41:14.601495+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-07-30T05:41:14.598638+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 . For educational purposes only; not investment advice.