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Jul 31, 2025
Veeva Q2 2026 Earnings Report
Veeva reported strong Q2 results with solid revenue growth and healthy profitability.
Key Takeaways
Veeva delivered a robust Q2 with 17% revenue growth, strong subscription momentum, and impressive non-GAAP profitability, driven by demand for its AI and cloud offerings.
Revenue by Segment
Forward Guidance
Veeva expects modest sequential revenue growth in Q3 FY26, maintaining strong margins and profitability.
Positive Outlook
- Q3 revenue guidance of $790M–$793M
- Non-GAAP operating income guidance of $348M–$350M
- Non-GAAP EPS guidance of $1.94–$1.95
- Raised full-year revenue outlook to $3.134B–$3.140B
- Full-year non-GAAP EPS expected at $7.78
Challenges Ahead
- GAAP guidance not provided due to estimation complexities
- Stock-based comp remains a material expense
- Growth rate expected to normalize post-pandemic demand
- Heavy R&D investment continues to weigh on margins
- Legal costs affected prior periods; not expected ongoing
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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