Workday stock fell 1.23 percent before its October 13 Investor Day

Published on 10/08/2026 at 05:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Workday stock was last at USD 184.26 on October 7, 2026, before its October 13 investor event. The company plans 2.5 percent job cuts and USD 65 million to USD 80 million in charges.

WDAY, US98138H1014, Illustration mit AI erstellt.

Workday, Inc. (ISIN US98138H1014) fell 1.23 percent to USD 184.26 at the Nasdaq close on October 7, 2026, with 1,519,068 shares traded. The enterprise software company is preparing for an October 13 investor event after announcing a 2.5 percent workforce reduction and related charges of USD 65 million to USD 80 million.

Restructuring changes the margin picture

As Yahoo Finance reported on October 2, 2026, Workday said on September 29 that most affected positions would be in Product and Technology. The company also plans to reduce selected office space while continuing strategic hiring.

Yahoo Finance reported that Workday expects USD 40 million to USD 55 million of the charges to be cash costs for severance and benefits. The company expects USD 55 million to USD 70 million of the total in fiscal Q3 and the remainder in fiscal Q4.

The cost action affects the reported margin outlook rather than the subscription growth forecast. Yahoo Finance said Workday kept its subscription-revenue and non-GAAP margin forecasts unchanged, while the Q3 GAAP operating margin is expected to sit 20 to 21 percentage points below the non-GAAP margin because of the charges.

Revenue still grows in fiscal Q2

Workday generated USD 2.649 billion in total revenue in fiscal Q2 2027, the quarter ended July 31, 2026, up 12.8 percent from the prior-year quarter, according to Yahoo Finance. Subscription revenue increased 13.9 percent to USD 2.47 billion.

The same fiscal Q2 report showed adjusted earnings of USD 2.75 per share against a USD 2.61 consensus estimate, a 5.3 percent beat. Adjusted operating income reached USD 824 million, compared with a USD 792.8 million estimate, while the adjusted operating margin was 31.1 percent and the GAAP operating margin was 11.8 percent, Yahoo Finance reported.

Analysts see room above the close

The consensus picture remains divided by provider. Stock Analysis listed a Buy consensus from 42 analysts and an average price target of USD 208.26 on October 8, 2026. That target stood 13.03 percent above the October 7 close of USD 184.26.

Investing.com reported on October 6, 2026, that Citi kept a Neutral rating and a USD 201.00 price target ahead of Workday's investor events. Citi expects the company to maintain its fiscal 2028 outlook for 11 percent subscription-revenue growth and more than two points of operating-margin expansion.

Workday stock stays below its yearly high

Workday stock closed at USD 184.26 on Nasdaq on October 7, 2026. Its 52-week range was USD 110.36 to USD 247.40, while market capitalization stood at USD 44.41 billion as of October 8, 2026.