Healthcare tech maker Veeva Systems's Q2 results top estimates on Vault CRM expansion

Veeva Systems

26/08/2026 21:16

Overview
Life sciences cloud provider's fiscal Q2 revenue rose 18%, beating analyst expectations
Adjusted EPS for fiscal Q2 beat analyst expectations

Outlook
Veeva sees Q3 revenue between $932 mln and $935 mln
Company expects Q3 non-GAAP EPS between $2.33 and $2.34
Veeva forecasts FY revenue between $3,682 mln and $3,687 mln

Result Drivers
VAULT CRM EXPANSION - Co said Vault CRM had its best quarter ever, with more top 20 biopharma wins and increased customer adoption
AI PLATFORM ADVANCES - Co said major AI milestones for Vault AI and Falcon, with new agent capabilities and initial go-lives on track
BROAD CLOUD ADOPTION - Co said Development Cloud and Quality Cloud saw broad adoption and deepened customer relationships, including new wins in clinical and quality segments

Company press release: ID:nPn1pchSKa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$927.96 mln
$905.28 mln (24 Analysts)
Q2 Adjusted EPS
Beat
$2.35
$2.22 (25 Analysts)
Q2 EPS
 
$1.66
 
Q2 Adjusted Net Income
Beat
$387.4 mln
$364.53 mln (23 Analysts)
Q2 Net Income
 
$273.43 mln
 
Q2 Adjusted Operating Income
Beat
$415.90 mln
$394.86 mln (24 Analysts)
Q2 Pretax Profit
 
$349.53 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy", 8 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the advanced medical equipment & technology peer group is "buy"
Wall Street's median 12-month price target for Veeva Systems Inc. is $270.00, about 9.4% above its August 25 closing price of $246.78
The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 17 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)