Workday Inc. (WDAY) is set to release its fiscal second-quarter results after the market close on Thursday, with investors closely watching both earnings performance and ongoing speculation of a potential acquisition by private equity firm Silver Lake.
Shares of the enterprise software provider have climbed 48% over the past three months, including an 18% single-day jump on August 13, the company’s strongest performance in a decade. The stock last traded at $190.75, slightly above the consensus analyst price target of $188.21.
Analysts project earnings per share of $2.61 for the quarter, reflecting an 18.1% year-over-year increase but a slight sequential decline from the prior quarter’s $2.66. Revenue is expected to reach $2.64 billion, up 12.34% from a year ago and about 4% higher than the first quarter’s $2.54 billion. Over the past 60 days, EPS estimates have edged up 0.16%, while remaining unchanged in the past week.
Workday’s first-quarter results exceeded expectations, with reported EPS of $2.66 beating consensus by 5.6% and revenue of $2.54 billion surpassing estimates by $20 million. The company also raised its full-year subscription revenue growth guidance to 12.5%.
The earnings report will coincide with the start of Workday’s Universal Main Subscription Agreements and the free trial period for Sana, its AI-powered learning assistant launched in July. Channel partners described demand as stable, with expectations for low-teens growth in the back half of fiscal 2027.
Speculation of a potential takeover by Silver Lake has circulated for months, with a Reuters report noting ongoing talks. Workday has not commented on the matter.
