Overview

• Workday entered a definitive agreement to acquire AI knowledge and learning provider Sana for about $1.1 billion, with closing expected by Jan. 31, 2026.
• Elliott Investment Management disclosed a stake of more than $2 billion and praised Workday’s leadership and plan, sending shares up roughly 8%–10% on Wednesday.
• The board authorized approximately $5 billion in share repurchases through fiscal 2027 as part of a revamped capital allocation framework.
• At its analyst day, Workday reset subscription revenue growth to about 13%–14% CAGR and targeted roughly 35% operating margin by fiscal 2028 alongside higher free cash flow ambitions.
• Workday previewed about a dozen prebuilt AI agents and introduced Workday Build and the Flowise Agent Builder for custom agents, with another agent tied to the pending Paradox deal.