Stock Market Live June 4, 2026: S&P 500 (SPY) Fall as Broadcom Sinks
Q1 27 EPS
$2.66
Q1 27 Revenue
$2.54B
BEAT +1.01%
Est. $2.52B
vs S&P Since Q1 27
+18.5%
BEATING MARKET
WDAY +20.1% vs S&P +1.6%
Market Reaction
Did WDAY Beat Earnings? Q1 2027 Results
Workday kicked off fiscal 2027 on a confident note, posting first-quarter results that beat Wall Street on both the top and bottom lines and marking the company's fourth consecutive quarter of consensus EPS beats. Non-GAAP diluted EPS of $2.66 cleare… Read more Workday kicked off fiscal 2027 on a confident note, posting first-quarter results that beat Wall Street on both the top and bottom lines and marking the company's fourth consecutive quarter of consensus EPS beats. Non-GAAP diluted EPS of $2.66 cleared the $2.52 consensus estimate by 5.68%, while revenue of $2.54 billion rose 13.5% year-over-year, edging past expectations by 1.01%, with subscription revenue, the core engine of the business, growing 14.3% to $2.35 billion. This quarter arrived under the watch of returning CEO Aneel Bhusri, who framed the results as validation of Workday's AI positioning, pointing to more than 4,000 customers now using at least one agentic AI product. Margin discipline added to the story, with non-GAAP operating margin expanding to 31.8% from 30.2% a year ago, prompting management to lift its full-year non-GAAP operating margin guidance to 30.5% while reiterating subscription revenue guidance of $9.93 billion to $9.95 billion for the full fiscal year.
Key Takeaways
- • Subscription revenue growth of 14.3% year-over-year driven by ongoing customer adoption across the platform
- • Non-GAAP operating margin expanded to 31.8% from 30.2%, reflecting operational efficiency gains
- • 12-month subscription revenue backlog grew 15.5% to $8.806 billion, indicating strong forward demand
- • Over 4,000 customers now using at least one organically developed AI agent, more than doubling quarter-over-quarter
- • Recruiting Agent supported 14 million hiring processes, up 44% year-over-year
- • Share repurchases of approximately 12 million shares reduced diluted share count significantly
WDAY Forward Guidance & Outlook
For Q2 FY2027 (ending July 31, 2026), Workday guides subscription revenues of $2.455 billion, representing 13% growth, with a non-GAAP operating margin of 30.0%. For full-year FY2027 (ending January 31, 2027), the company reiterates subscription revenue guidance of $9.925 billion to $9.950 billion, representing 12% to 13% growth, while raising non-GAAP operating margin guidance to 30.5%. Management's focus remains on executing on the agentic AI roadmap while driving operational efficiencies at scale.
WDAY YoY Financials
Q1 2027 vs Q1 2026, source: SEC Filings
WDAY Revenue by Segment
With YoY comparisons, source: SEC Filings
“We had a great Q1, and it makes one thing clear: Workday is ready for this AI moment. Our core business is strong, our AI strategy is working, and we're moving with the speed and focus required to lead.”
— Aneel Bhusri, Q1 2027 Earnings Press Release
WDAY Earnings Trends
WDAY vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
WDAY EPS Trend
Earnings per share: estimate vs actual
WDAY Revenue Trend
Quarterly revenue: estimate vs actual
WDAY Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 27 | — | $2.66 | — | $2.54B | +1.01% |
| Q4 26 BEAT FY | $2.32 | $2.47 | +6.47% | $2.53B | +0.35% |
| FY Full Year | $9.11 | $9.23 | +1.31% | $9.55B | +0.09% |
| Q3 26 BEAT | $2.17 | $2.32 | +6.74% | $2.43B | +0.60% |
| Q2 26 BEAT | $2.12 | $2.21 | +4.48% | $2.35B | +0.28% |
| Q1 26 BEAT | $2.01 | $2.23 | +10.99% | $2.24B | +1.05% |