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# Workday posts $2.649B quarter as AI drives over 25% of new contract value
- URL: https://www.enterprisey.com/workday-posts-2-649b-quarter-as-ai-drives-over-25-of-new-contract-value/
- Published: 2026-08-27T21:45:00.000Z
- Updated: 2026-10-26T04:14:37.000Z
- Description: Workday's fiscal Q2 2027 revenue rose 12.8% to $2.649B and subscription revenue grew 13.9% to $2.471B. It kept full-year subscription guidance at $9.940B-$9.950B and raised its margin target to 31.0%.
- Author: Enterprisey Admin
- Tags: News, Earnings

Workday's fiscal Q2 2027 revenue rose 12.8% to $2.649B and subscription revenue grew 13.9% to $2.471B. It kept full-year subscription guidance at $9.940B-$9.950B and raised its margin target to 31.0%. ([Workday Newsroom](https://newsroom.workday.com/2026-08-27-Workday-Announces-Fiscal-2027-Second-Quarter-Financial-Results?ref=enterprisey.com))

12-month subscription backlog rose 14.2% to $9.034B. Workday bought back $1.3B of stock and authorized another $4.0B. GAAP EPS of $2.57 includes a $1.52 per-share tax benefit from an intra-entity IP transfer. ([Workday Newsroom](https://newsroom.workday.com/2026-08-27-Workday-Announces-Fiscal-2027-Second-Quarter-Financial-Results?ref=enterprisey.com))