Veeva Systems Inc. Earnings Recaps
Q2 2027
Aug 28, 2026
The stock rallied 14.3% post-earnings, driven by broad-based strength in the Commercial segment, particularly robust subscription growth, and strong initial momentum in AI initiatives including the new Veeva Falcon offering.
Key takeaways
- Total revenue reached $928 million with non-GAAP operating income of $416 million, marking solid execution.
- Commercial subscriptions increased approximately 13% year-over-year, with double-digit growth even excluding the Crossix acquisition.
- Crossix continues to perform strongly alongside growth in core CRM offerings, dispelling concerns of market contraction.
- Management highlighted high interest and early adoption potential in AI products like Veeva Falcon, which promises faster implementation and operational efficiencies.
- Aspen, a new internal start-up focused on horizontal CRM with AI integration, remains in early stages with aggressive 90-day planning cycles.
Q4 2026
Mar 6, 2026
Veeva delivered robust financial results for Q4 and the full fiscal year 2026, exceeding revenue expectations and achieving a notable $3.195 billion in annual revenue, underscoring its position as a key player in the life sciences sector.
Key takeaways
- Q4 total revenue reached $836 million, with non-GAAP operating income of $366 million.
- Full-year revenue of $3.195 billion signifies successful growth, surpassing the $3 billion run rate goal.
- Strategic partnerships in life sciences continue to strengthen, driven by demand for modernization and automation solutions.
- While AI interest is growing among clients, the primary demand is for scalable core systems rather than AI-specific solutions.
- CRM’s contribution to revenue is projected to decrease to about 10% by 2030, driven by a diverse business model and additional revenue from new product offerings.