Workday (WDAY) Stock News

Workday's Trusted Agent Platform is now headless, enabling customers to build, run, and govern AI agents across HR and finance with their own tools and models. All components are generally available. Agents operate under Workday's existing permissions and audit trails.

Workday launched Work Intelligence, a tool that breaks jobs into tasks and maps skills to help leaders plan for AI-driven changes. Available early access to HCM customers.

Workday has rolled out Claude Enterprise and plans to start leveraging Cowork, according to a report. No further details were provided.

Jefferies lowered its price target for Workday from $220.00 to $210.00.

Workday replaces $1B credit facility with $1.5B revolver, matures 2031.

Workday launched operations in the UAE with a new Dubai office and regional leadership. A company report found 90% of UAE employees use AI at least weekly, saving 3.6 hours per week, but also spending 3.4 hours correcting AI outputs. The expansion targets the Middle East as a key growth market.

Workday announced a 2.5% workforce reduction and office space cuts, expecting $65-80 million in restructuring charges. The company reiterated its Q3 and full-year fiscal 2027 non-GAAP guidance but now expects GAAP operating margin to be 20-21 percentage points lower in Q3 and 19 points lower for the full year due to the charges.

Workday is cutting about 2.5% of its workforce, primarily in product and technology, and reducing office space. The restructuring will generate $65–80 million in charges, but the company reiterated its Q3 and full-year fiscal 2027 guidance and will continue hiring in key areas.

Integration gives Workday customers real-time access to income and employment verification via Experian Verify. Network now covers over 80 million records. Available as part of Workday Total Benefits in late October.

Workday launched Workday Total Benefits, a new AI solution that unifies health, wealth, and wellbeing benefits into a single platform for employers and employees. The product includes four components: Workday Wellness (AI-powered provider connectivity), Benefits Guidance through Self-Service Agent (plain-language Q&A), Life and Money Solutions (earned wage access, direct deposit, income verification), and Benefits Administration Services (partner support). Workday Wellness is available now for U.S. customers; the Self-Service Agent is expected in October 2026. Early adopters saw a 75% reduction in time onboarding new benefit providers. New ecosystem partners include Bright Horizons, Care.com, Empower, Morgan Stanley at Work, and others.

CNBC sources report that the financing effort to take Workday private is ongoing. No further details on price, timeline, or parties were disclosed.

JPMorgan raised its price target on Workday to $225, up from $190.

Workday Q2 revenue $2.65B (est. $2.64B), adj EPS $2.75 (est. $2.61). FCF $460M missed $621M. FY non-GAAP op margin guidance raised to 31.0%. AI adoption cited as key growth driver.

Upgrades: HSBC upgraded YPF to Buy (PT $60). Deutsche Bank upgraded PMT to Buy (PT $12). KBW upgraded NYAX to Outperform (PT $75). Wells Fargo upgraded OKTA to Overweight (PT $180). Rothschild Redburn upgraded AAPL to Buy (PT $400, from $260). Berenberg upgraded MBLY to Buy (PT $11). Northland upgraded ALAB to Outperform. Downgrades: JPMorgan downgraded YSS to Neutral (PT $17). KBW downgraded BCSF to Market Perform (PT $13) and CCAP to Market Perform (PT $12). Raymond James downgraded ARX to Market Perform. Barclays downgraded MUR to Underweight (PT $34). Phillip Securities downgraded SHOP to Accumulate (PT $170). Deutsche Bank downgraded WDAY to Hold (PT $220); BTIG downgraded to Neutral. Clear Street downgraded KNTK to Hold (PT $57). Coverage: BMO Capital resumed GNL at Outperform (PT $10).

Silver Lake in talks to acquire Workday for about $43B.