$VEEV · VEEVA SYSTEMS INC
Veeva Systems filed an 8-K furnishing an Investor Day slide (Exhibit 99.1) in which CFO Brian Van Wagener reaffirmed that Q3 FY2027 results are expected to meet or exceed guidance first issued August 26, 2026. The guidance calls for total revenue of $932-935M, subscription revenue of ~$782M, services revenue of $150-153M, non-GAAP operating income of $417-420M, and non-GAAP diluted EPS of $2.33-2.34. The company did not provide GAAP targets due to difficulty estimating stock-based compensation and other exclusions.
- Q3 FY2027 total revenue guidance is $932-935M.
- Non-GAAP operating income guidance is $417-420M.
- Non-GAAP diluted EPS guidance is $2.33-2.34.
- Subscription revenue guided to ~$782M; services revenue $150-153M.
- No GAAP targets provided due to stock-based compensation estimation difficulty.
Extended-hours last trade $303.12, down 2.25% vs the $310.10 regular close, despite the reaffirmation.
A mid-quarter guidance reaffirmation signals confidence, but the after-hours dip suggests investors wanted more than "meet or exceed."
_Not applicable._
The company notes excluded items such as stock-based compensation "may be significant," limiting comparability of non-GAAP figures.