Q1 27 EPS
$2.24
BEAT +4.91%
Est. $2.14
Q1 27 Revenue
$882.9M
BEAT +2.94%
Est. $857.7M
vs S&P Since Q1 27
+3.9%
BEATING MARKET
VEEV +3.6% vs S&P -0.3%
Market Reaction
Did VEEV Beat Earnings? Q1 2027 Results
Veeva Systems delivered a strong fiscal first quarter of 2027, beating Wall Street expectations on both the top and bottom lines as its accelerating AI strategy helped drive broad-based demand across its life sciences cloud platforms. The clinical an… Read more Veeva Systems delivered a strong fiscal first quarter of 2027, beating Wall Street expectations on both the top and bottom lines as its accelerating AI strategy helped drive broad-based demand across its life sciences cloud platforms. The clinical and commercial software maker posted non-GAAP EPS of $2.24, ahead of the $2.14 consensus estimate by 4.91%, marking the fifth consecutive quarter of beating EPS expectations. Revenue climbed 16.3% year over year to $882.95 million, topping the $857.73 million consensus by 2.94%, with subscription revenues of $730.17 million anchoring the result. The quarter's defining story was Veeva's deliberate pivot toward agentic AI, with CEO Peter Gassner repositioning the company as an "industry-specific application and AI agent company," a strategic shift that analysts see underpinning a compelling long-term growth setup. Operating cash flow surged to $1.13 billion, and the company raised its full-year fiscal 2027 revenue guidance to $3.64 billion at the midpoint, while projecting non-GAAP EPS of approximately $9.05 and second-quarter revenue of $902 to $905 million.
Key Takeaways
- • Subscription revenue growth of 15% year over year driven by broad-based adoption
- • 27 new Vault CRM customers added in the quarter, now more than 150 customers live
- • Multiple enterprise biopharma wins across clinical, regulatory, and safety in Development Cloud
- • Strong operating cash flow of $1.127 billion in the quarter
VEEV Forward Guidance & Outlook
For fiscal Q2 2027 (ending July 31, 2026), Veeva guided total revenues of $902–$905 million, non-GAAP operating income of $392–$395 million, and non-GAAP diluted EPS of $2.21–$2.22. For the full fiscal year 2027 (ending January 31, 2027), the company raised guidance to total revenues of $3,635–$3,645 million, non-GAAP operating income of approximately $1,610 million, and non-GAAP diluted EPS of approximately $9.05.
VEEV YoY Financials
Q1 2027 vs Q1 2026, source: SEC Filings
VEEV Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our rapid progress with Veeva AI sets the foundation as we enter the next chapter of our industry cloud.”
— Peter Gassner, Q1 2027 Earnings Press Release
VEEV Earnings Trends
VEEV vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
VEEV EPS Trend
Earnings per share: estimate vs actual
VEEV Revenue Trend
Quarterly revenue: estimate vs actual
VEEV Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 27 BEAT | $2.14 | $2.24 | +4.91% | $882.9M | +2.94% |
| Q4 26 BEAT FY | $1.94 | $2.06 | +6.45% | $836.0M | +3.08% |
| FY Full Year | $7.94 | $8.10 | +2.02% | $3.20B | +0.76% |
| Q3 26 BEAT | $1.95 | $2.04 | +4.55% | $811.2M | +2.35% |
| Q2 26 BEAT | $1.90 | $1.99 | +4.73% | $789.1M | +2.65% |
| Q1 26 BEAT | $1.74 | $1.97 | +12.98% | $759.0M | +4.22% |
| Q4 25 BEAT FY | $1.58 | $1.74 | +10.05% | $720.9M | +3.07% |
| FY Full Year | $6.45 | $6.60 | +2.29% | $2.75B | +0.82% |