Workday Reports $2.6B Q2 Revenue, AI ARR Nears $600M
shashib · x · 2026-08-28
- Financials: Workday FY27 Q2 revenue hit $2.649B (+12.8% YoY), with subscription revenue at $2.471B (+13.9%). Non-GAAP operating margin rose to 31.1%.
- AI Metrics: AI products drove over $100M in new ACV (25%+ of total). AI ARR approaches $600M, up >200% YoY. Over 5,500 customers use at least one native agent (+35% QoQ).
- Comparisons: AI ARR trails ServiceNow ($1B) and Salesforce ($1.5B). R&D spend was $747M (28.2% of revenue). Cash flow decline is attributed to payroll timing.
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