Workday is expected to report revenue of $2.64 billion and non-GAAP EPS of $1.26 for its second fiscal quarter ending July 31, 2026, with shares currently trading at approximately $199.15 compared to a $192.69 consensus target.
Investors are primarily focused on reports that private equity firm Silver Lake is in talks to acquire the company, which has introduced a significant takeout premium and a strategic floor for the stock price.
Recent performance has been bolstered by strong momentum in agentic AI solutions, which reached $500 million in annual recurring revenue (ARR) last quarter.
Analysts will be closely monitoring the 12-month subscription revenue backlog and any updates to the fiscal 2027 free cash flow guidance for evidence of sustained enterprise demand amidst competitive pressure from Oracle and SAP.