Veeva Beats Q2 Estimates, Raises Full-Year Guidance on AI Momentum
VEEV sits 65% above its 52-week low of $148.05.
Summary
Veeva Systems reported Q2 FY2027 revenue of $928.0M, up 18% year over year, with non-GAAP EPS of $2.35 beating expectations. The company raised full-year guidance and highlighted accelerating AI adoption across Vault CRM and Veeva Falcon.
Key Events · Earnings and Guidance · VEEV
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Q2 Revenue Beats at $928.0M
Total revenues rose 18% YoY to $928.0M, with subscription revenues up 16% to $766.8M. Non-GAAP operating income grew 18% to $415.9M.
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Full-Year Guidance Raised
FY2027 total revenue guidance increased to $3,682-3,687M and non-GAAP diluted EPS to approximately $9.21, up from prior expectations.
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AI Adoption Accelerates
Vault CRM surpassed 180 live customers including five top 20 biopharmas, and Veeva Falcon has five early adopters with initial go-lives expected this year.
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Q3 Guidance Provided
Q3 FY2027 guidance calls for total revenues of $932-935M, non-GAAP operating income of $417-420M, and non-GAAP diluted EPS of $2.33-2.34.
Analysis · VEEV · Technology
A clean beat-and-raise quarter underscores Veeva's momentum. Total revenue grew 18% to $928.0M, non-GAAP operating income rose 18% to $415.9M, and non-GAAP diluted EPS of $2.35 exceeded the prior-year $1.99. Management raised full-year revenue guidance to $3,682-3,687M and non-GAAP EPS to approximately $9.21, citing accelerating adoption of Vault CRM and the new Veeva Falcon agentic AI platform. The results reinforce the company's position as a durable compounder in life sciences software, with AI now a visible growth driver rather than a promise.
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At the time of this filing, VEEV was trading at $244.07 on NYSE in the Technology sector, with a market capitalization of approximately $40.1B. The 52-week trading range was $148.05 to $310.50. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.