Veeva Systems Inc (VEEV) · Aug 26, 2026 · Earnings

Veeva Systems beats Q2 targets as Vault CRM and AI momentum accelerates

Beat — Non-GAAP EPS $2.35 vs ~$2.22 consensus; revenue $928.0M vs ~$905M

Veeva cleared Q2 guidance on every metric, with stronger-than-expected revenue and EPS plus expanding Vault CRM and AI adoption.

The quarter beat both company guidance and published expectations. Revenue reached $928.0 million versus prior guidance of $902–905 million and published consensus near $905 million; non-GAAP diluted EPS was $2.35 versus guidance of $2.21–2.22 and consensus near $2.22. The beat was broad rather than isolated: non-GAAP operating income was $415.9 million versus guidance of $392–395 million.

Metric	Q2 FY2027	Q2 FY2026	Market reference
Total revenue	$928.0M	$789.1M	~$905M consensus
Subscription revenue	$766.8M	$659.2M	—
Non-GAAP operating income	$415.9M	$352.6M	$392–395M guidance
Non-GAAP diluted EPS	$2.35	$1.99	~$2.22 consensus
GAAP operating margin	29.6%	24.8%	—
Non-GAAP operating margin	44.8%	44.7%	—

Underlying growth remained healthy, not merely acquisition-driven or accounting-driven. Total revenue grew 18% year over year and subscription revenue grew 16%, with R&D and Quality Solutions subscription revenue up roughly 19% and Commercial Solutions up roughly 13% (Income Statement; Segment results).

The operating model held together despite heavier investment. Non-GAAP operating margin was essentially flat at 44.8% versus 44.7% a year earlier, while GAAP gross margin slipped to 75.0% from 75.3%; that makes the earnings beat more credible, but it is not a margin-expansion story. Stock-based compensation rose to $136.8 million in the quarter and $256.1 million year to date, which remains a substantial gap between GAAP and adjusted profitability (Reconciliation of Financial Measures).

The strategic narrative is strengthening, but much of it was already in the market’s setup. Vault CRM surpassed 180 live customers, total top-20 commitments reached 12, and Falcon had five early adopters with initial go-lives targeted this year (Vault CRM and AI milestones). 〔0〕 These updates add evidence to the existing CRM-to-AI growth thesis; the genuinely new information is the pace of adoption and the size of the quarterly financial outperformance.

Cash generation and capital allocation were supportive, though not the main surprise. Operating cash flow was $238.7 million in the quarter and $1.37 billion for the first six months, while Veeva repurchased $472.7 million of stock and spent $81.8 million on acquisitions (Cash Flow statement). 〔1〕 Overall, the filing lands as a clear earnings beat: stronger revenue execution and EPS leverage outweigh modest gross-margin pressure, while the unchanged qualitative full-year tone provides less incremental outlook detail than the quarterly numbers.

Original filing on SEC EDGAR

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AllSight · BlackBerry Q2 FY27

Revenue $163.3M vs ~$144M expected; adjusted basic EPS $0.07 vs ~$0.04 consensus — a real upside surprise.Income statement
QNX revenue +27% to $80.3M; segment EBITDA $29.0M from $20.5M. “Record performance… core automotive.”Segment — QNX
Licensing jumped to $22.1M from $6.6M — it amplified the beat, but it's less recurring than QNX, so the quality sits in QNX.Segment — Licensing
FY27 guide lifted to $616–636M rev / $141–158M EBITDA, above the prior $594–621M / $119–139M framework.Guidance
QNX growth, margins, cash and a raised outlook all beat. But licensing amplified it and Secure Comms is flat — net retention 91% from 93%.Segment — Secure Comms

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Events/ANDE/8-K · Earnings

8-K · Item 2.02 · Earnings

The Andersons — a record Renewables quarter that beat profit expectations

Filed Aug 3, 2026ANDE · NASDAQ

AllSight readBeatPriced in▲ 1.8% since filed · reaction agrees

adj. EPS $2.15 vs ~$1.48 consensus

This filing tests whether The Andersons' sharp profit increase reflects broad operating improvement or a one-off renewable-fuels boost. It also separates strong adjusted earnings and cash generation from the quarter's legal and impairment charges.

The quarter was substantially stronger than both last year and the published earnings expectation. Adjusted EPS reached $2.15, versus $0.24 a year earlier and above the published consensus of about $1.48; reported EPS was $1.65. Adjusted EBITDA more than doubled to $140 million, while sales slipped modestly — the improvement came from margins and operating performance rather than higher revenue. Financial Highlights · Statements of Operations

Q2 ($M, exc. per-share)	Q2 2026	Q2 2025	YoY
Sales & merchandising revenue	3,097.7	3,135.9	−1%
Net income (attributable)	56.6	7.9	+48.7
Diluted EPS	1.65	0.23	+1.42
Adjusted EPS	2.15	0.24	+1.91
Adjusted EBITDA	140.3	65.2	+75.1
Agribusiness adj. pretax	20.3	16.8	+3.5
Renewables adj. pretax	88.4	9.6	+78.8
Cash from operations	487.9	299.3	+188.6
Cash from ops (pre-WC)	112.9	42.9	+70.1

Renewables drove nearly all of the upside — the operating backdrop was strong, but the result also benefited materially from tax credits. Renewables' adjusted pretax income rose to $88 million on record production, stronger ethanol margins and merchandising gains. It also received $24 million of 45Z producer tax credits, so this was not solely a repeatable plant-margin improvement; the company did cite healthy export and domestic ethanol demand as supportive. Renewables — Record Q2 · Segment Data

Agribusiness improved, but it was a supporting contributor rather than the main earnings engine. Adjusted pretax income increased to $20 million as fertilizer margins improved and merchandising benefited from commodity-price volatility, despite lower fertilizer volumes. Agribusiness — Improved Q2 · Segment Data

Cash generation improved and funding capacity is comfortable, while reported earnings still absorbed meaningful non-core costs. Operating cash flow was $488 million ($113 million before working-capital changes); capital spending was $76 million. Adjusted EPS excludes $0.50 of legal-settlement, impairment and transaction items, so the $2.15 adjusted result runs ahead of the $1.65 reported. Leverage stays below the <2.5× debt-to-EBITDA target; no new quantified full-year outlook was given. Cash & Liquidity · Adjusted Net Income

Community sentiment · 612 votes

58% bullish

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Veeva Systems beats Q2 targets as Vault CRM and AI momentum accelerates

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