AI Agents Don’t Buy Seats, and That’s Workday’s $133 Stock Problem

Quick Read

• Workday (WDAY) beat Q4 FY2026 EPS ($2.47 vs. $2.32 estimated) with 15.7% subscription revenue growth and 30.6% non-GAAP operating margins, but FY2027 guidance of $9.925B to $9.950B in subscription revenue signals deceleration that disappointed investors expecting AI-driven acceleration.

• Workday’s per-seat licensing model faces existential pressure as AI agents replace human workflows, and founder David Duffield’s consistent share sales from December 2025 through March 2026 alongside $303M in restructuring charges signal the transition is costly and uncertain.

• It sounds nuts, but SoFi is giving new active invest users up to $1,000 in stock for a limited time, and all it takes is a $50 deposit to get started. See for yourself (Sponsor)
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  Customer must fund their Active Invest account with at least $50 within 45 days of opening the account. Receive a minimum of $15. Probability of member receiving $3,000 is a probability of 0.026% If you don’t make a selection in 45 days, you’ll no longer qualify for the promo. Percentages for the $3,000 are subject to decrease. See full terms and conditions.

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