Workday (WDAY) Ends 3-Day Run on Weak Outlook

We recently published 10 Stocks Losing Their Bite Before Thanksgiving. Workday Inc. (NASDAQ:WDAY) is one of the worst-performing stocks on Wednesday.

Workday snapped a three-day winning streak on Wednesday, shedding 7.85 percent to end at $215.34 apiece as investor sentiment was dampened by a weak outlook for the full fiscal year of 2026.

In an updated report, Workday Inc. (NASDAQ:WDAY) said it targets subscription revenues to grow by 14.4 percent to $8.828 billion in the fiscal year ending January 2026, which is relatively flat from its previous outlook of $8.815 billion.

Outlook for non-GAAP operating margin was also maintained at 29 percent.

In the third quarter of the fiscal period, Workday Inc. (NASDAQ:WDAY) grew its net income by 30.6 percent to $252 million from $193 million in the same period last year. Revenues jumped by 12.6 percent to $2.432 billion from $2.160 billion year-on-year, on the back of a 14.6 percent jump in subscription revenues at $2.244 billion.

For the nine-month period, net income jumped by 26.8 percent to $548 million from $432 million, while revenues climbed by 12.6 percent to $7.02 billion from $6.235 billion.

“Workday delivered another solid quarter, fueled by the strength and diversity of our business and the momentum we’re seeing across our AI portfolio,” Workday Inc. (NASDAQ:WDAY) CEO Carl Eschenbach said.

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Disclosure: None. This article is originally published at Insider Monkey.