Overview

• At its analyst day, Workday outlined a multiyear value plan featuring a $5 billion share repurchase, nearly 1,000 basis points of GAAP margin expansion, and a free-cash-flow goal of $15 per share by fiscal 2028.
• Elliott Investment Management disclosed a stake exceeding $2 billion and publicly endorsed management, signaling confidence in the company’s execution under CEO Carl Eschenbach.
• Workday agreed to acquire AI knowledge-tools maker Sana for about $1.1 billion, following recent AI-focused purchases of Paradox and Flowise to strengthen automation across HR and finance.
• For fiscal Q2 2026, revenue rose 12.6% to $2.35 billion with earnings of $2.21 per share, subscription backlog grew nearly 18% year over year, and the company reported a 29% operating margin.
• AI momentum is accelerating, with AI-related revenue more than doubling year over year and AI included in over 30% of customer-based deals and more than 75% of net new deals, as the stock climbed roughly 7% this week despite a still premium valuation.