Veeva says Q3 fiscal 2027 will meet or exceed prior forecast
Veeva expects third-quarter fiscal 2027 results to meet or exceed the guidance it gave on Aug. 26, including total revenue of $932 million to $935 million.
Key takeaways
- Veeva Systems (VEEV) said at its 2026 Investor Day that it expects third-quarter fiscal 2027 results to meet or exceed guidance issued August 26. The guidance calls for total revenue of $932 million to $935 million and non-GAAP fully diluted earnings of $2.33 to $2.34 per share.
Veeva Systems (VEEV) expects its third-quarter fiscal 2027 results to meet or exceed the guidance it gave in August, Chief Financial Officer Brian Van Wagener said at the company's 2026 Investor Day. Shares fell 2.0% at 3:59 p.m. ET, from a $310.10 close.
The company expects total revenue of $932 million to $935 million. Subscription revenue is expected to be about $782 million, and services revenue $150 million to $153 million.
The company also expects non-GAAP operating income of $417 million to $420 million, and non-GAAP fully diluted net income per share of $2.33 to $2.34.
Foreign exchange rates are assumed to stay near current levels, an immaterial effect on total revenue and non-GAAP operating income compared with the third quarter of fiscal 2026. Only non-GAAP targets are given, because certain items such as stock-based compensation expense cannot be reasonably predicted.