Overview

• Shares rose more than 7% on Sept. 17 yet the stock remains down roughly 9% for 2025.
• Elliott Investment Management disclosed an approximately $2 billion position, and Guggenheim upgraded the stock to buy with a $285 price target.
• Workday announced plans to acquire AI workplace-knowledge provider Sana for about $1.1 billion, described as its third AI-related purchase in under two months.
• For fiscal Q2 2026, revenue reached $2.35 billion up 12.6% year over year with earnings of $2.21 a share up 26% and an operating margin reported at 29%.
• The subscription revenue backlog grew nearly 18%—faster than revenue—while AI revenue more than doubled and over 75% of net new deals included at least one AI product.