Workday IncStrong Q2 earnings beat and raised guidance, plus new $4B buyback.

Shares of Workday jumped 5.8% in afternoon trading after the company reported second-quarter financial results that beat Wall Street expectations, driven by strong subscription revenue growth and accelerating artificial intelligence adoption. The company reported revenue of $2.65 billion, up 12.8% year over year, and adjusted profit of $2.75 per share, topping estimates of $2.64 billion and $2.61 per share. Subscription revenue rose 13.9% to $2.47 billion, exceeding guidance, while AI solutions drove over 25% of new annual contract value, with more than 5,500 customers deploying at least one organic AI agent. The company raised the lower end of its full-year subscription revenue guidance to between $9.94 billion and $9.95 billion, representing 13% growth, and authorized a new $4 billion share repurchase program after completing its previous $5 billion buyback. The stock closed at $204.70, up 4.6%.
Workday IncStrong Q2 earnings beat and raised guidance, plus new $4B buyback.