Q1 2026 Veeva Systems Inc Earnings Call Transcript
Key Points
- Veeva Systems Inc (VEEV) reported total revenue of $759 million, surpassing their guidance.
- The company achieved a non-GAAP operating margin of 46%, indicating strong operational efficiency.
- Veeva AI is a major initiative that is off to a good start, with potential positive impacts on the life sciences industry.
- The company has successfully onboarded over 80 customers to Vault CRM, with plans to reach 200 customers within a year.
- Crossix, a part of Veeva's commercial segment, outperformed expectations and is growing at more than 30% year-over-year.
- The macroeconomic environment is uncertain, largely due to dynamics in the US administration, which could impact future performance.
- Some customers prefer custom projects, which may lead to decisions against migrating to Veeva's solutions.
- The company acknowledges potential funding issues in the small biopharma market due to macroeconomic uncertainties.
- Veeva's horizontal CRM initiative is still in the early stages, with many details yet to be determined.
- There is a risk of conservatism in large pharma due to macroeconomic uncertainties, which could delay projects.
Ladies and gentlemen, thank you for standing by. My name is Abby, and I will be your conference operator today. At this time, I would like to welcome everyone to the Veeva Systems fiscal 2026 first-quarter results conference call. (Operator Instructions)
Thank you, and I would now like to turn the conference over to Gunnar Hansen, Senior Director, Investor Relations. You may begin.
Good afternoon, and welcome to Veeva's fiscal 2026 first-quarter earnings conference call for the quarter ended April 30, 2025. As a reminder, we posted prepared remarks on Veeva's Investor Relations website just after 1:00 PM Pacific today. We hope you've had a chance to read them before the call.
Today's call will be used primarily for Q&A. With me today for Q&A are Peter Gassner, our Chief Executive Officer; Paul Shawah, EVP, Strategy; and Brian Van Wagener, our Chief Financial Officer.
During this call, we may make forward-looking statements regarding the trends, our strategies, and the
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
