Workday ( (WDAY) ) has released its Q1 earnings. Here is a breakdown of the information Workday presented to its investors.
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Workday, Inc. is a leading AI-driven platform specializing in managing people, money, and agents, serving over 11,000 organizations globally, including more than 60% of the Fortune 500.
In its fiscal 2026 first quarter, Workday reported total revenues of $2.240 billion, marking a 12.6% increase from the previous year, with subscription revenues rising by 13.4% to $2.059 billion. Despite a dip in operating income due to restructuring expenses, the company demonstrated strong non-GAAP financial performance.
Key financial highlights include a non-GAAP operating income of $677 million, representing 30.2% of revenues, and a non-GAAP diluted net income per share of $2.23, both showing significant improvement from the prior year. The company also reported a 15.6% increase in its 12-month subscription revenue backlog to $7.63 billion and a 19.1% rise in total subscription revenue backlog to $24.62 billion.
Workday’s strategic moves included the introduction of new AI-powered features, expansion of customer relationships, and international growth, notably with its presence on the AWS U.K. public cloud. The company also announced a share repurchase program and was recognized for its ethical practices and industry leadership.
Looking ahead, Workday remains focused on executing its strategic growth plans in an uncertain environment, maintaining its fiscal 2026 subscription revenue guidance of $8.8 billion and increasing its non-GAAP operating margin guidance to approximately 28.5%.