Workday (WDAY) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- $2.75
- Estimate
- $2.61
- Surprise
- +5.3%
- Revenue (period 2026-07-31)
- $2.65B
- Score at report (before → after)
- 5.8 → 5.6/10
Revenue source: xbrl.
How the report landed
Workday (WDAY) beat the $2.61 estimate with diluted EPS of $2.75 — a clear 5.3% upside surprise. TrendMatrix's engine moved from Buy (Wait) (5.8/10) to Hold at 5.6/10 after the report — the engine's score fell despite the beat.
Where TrendMatrix's rating stands now
TrendMatrix currently rates WDAY Sell at 5.8/10.
4 of the last 4 quarters beat the estimate; this quarter's +5.3% surprise compares with a +6.0% four-quarter average. Next scheduled report: 2026-12-01.
What supports the rating
- Strong earnings beat streak (4/4)
- Strong growth profile
What argues against it
- Analyst target reached - limited upside remaining
- Sector modifier (Technology): -0.8
- Earnings estimates trending DOWN
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $203.00
- Price target
- $222.94
- Stop
- $192.44
- Upside to target
- +9.8%
The stock trades at 41.0× trailing but 15.7× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-09-04 — shown for context, not personalized investment advice.
WDAY at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Software - Application
- Market cap
- $49.87B
- P/E (fwd)
- 15.7
- P/E (ttm)
- 41.0
- 52-week range
- $110.36–$249.85
- Off 52-week high
- 18.8%
- RSI (14)
- 57
- Volume vs avg
- 0.60×
- Score today
- 5.8/10