Q1 2026 Workday Inc Earnings Call Transcript
Key Points
- Workday Inc (WDAY) reported a solid first quarter with 13% subscription revenue growth and a non-GAAP operating margin of 30%.
- The company saw strong customer adoption across key verticals, geographies, and customer segments, including new HCM relationships with United Airlines and expansions with FedEx and CVS Health.
- Workday Inc (WDAY) continues to innovate with AI, with new ACV across AI products more than doubling year over year in Q1.
- The company launched WorkdayGO to target the emerging and medium enterprise market, offering faster implementations and a clear pricing model.
- Workday Inc (WDAY) has five industries exceeding $1 billion in annual recurring revenue, showcasing the strength and diversity of its business.
- The economic environment remains uncertain, with potential impacts on specific markets such as SLED and international business.
- There is a heightened macro uncertainty, particularly across certain markets and verticals, which could impact growth prospects.
- GAAP operating income was impacted by a $166 million charge related to restructuring earlier in the year.
- The company is keeping an eye on the international markets due to potential macro headwinds that could affect investment decisions.
- Despite strong results, Workday Inc (WDAY) acknowledges that no company is immune to potential headwinds in the current economic climate.
Welcome to Workday's first-quarter, full-year 2026 earnings call.
(Operator Instructions)
I will now hand it over to Justin Furby, Vice President of Investor Relations.
Thank you, operator.
Welcome to Workdayâs first-quarter fiscal 2026 earnings conference call. On the call, we have Carl Eschenbach, our CEO; Zane Rowe, our CFO; and Gerrit Kazmaier, our President, Product & Technology.
Following prepared remarks, we will take questions.
Our press release was issued after close of market and is posted on our website, where this call is being simultaneously webcast.
Before we get started, we want to emphasize that some of our statements on this call, particularly our guidance, are based on the information we have as of today, and include forward-looking statements regarding our financial results, applications, customer demand, operations, and other matters. These statements are subject to risks, uncertainties, and assumptions that could
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