Veeva Systems Inc - Ordinary Shares - Class A
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+ FollowMarket Cap$50.67B
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Earnings Call Q2 2027
August 26, 2026 - AI Summary
Strong quarter + guidance raised (core performance): Q2 FY2027 revenue $928M; non-GAAP operating income $416M; management said results were ahead of guidance and they’ve raised guidance again in Q2. (No explicit numeric FY or segment guidance was provided in the transcript beyond the fact that guidance was updated/raised.)
AI momentum is the main strategic catalyst—especially “agentic labor” (Falcon) and customer interest is high: Management said Q2 was their best CRM quarter ever and that they’re accelerating rapidly in AI, with Veeva Falcon drawing very high interest. They stressed Falcon could deliver faster time-to-value because it avoids extensive data mapping/ETL/cutover typical of traditional system migrations—but Falcon is currently the rate limiter (product readiness is the constraint).
Falcon adoption dynamics + who pays (buyers) suggests a potentially easier commercial motion: Early Falcon adopters are sponsors (not OEM/CRO-first), and sellers expect it to be a business-led budget rather than an IT-heavy budget conversation. Peter said IT is “really not involved” for Falcon because it maps to safety / clinical / regulatory business unit outcomes; on average they estimate those areas are already about 60% business-led in their existing motions. Pricing is early but should aim for predictability (likely enterprise-style agreements with escalation as capability matures).
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$247.16
20.5% downside
Current Fair Value
20.5% downsideOvervalued by 20.5% based on the discounted cash flow analysis.
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Share Statistics
| Market cap | $50.67 Billion |
|---|---|
| Enterprise Value | $50.32 Billion |
| Earnings per Share | $5.55 |
| Beta | 0.93 |
| Outstanding Shares | 162,344,000 |
Return
| Return on Equity | 13.66% |
|---|---|
| Return on Assets | 11.20% |
| Return on Invested Capital | 14.59% |
Valuation & Multiples
| P/E Ratio | 50.4 |
|---|---|
| PEG | 138.06 |
| Price to Sales | 14.8 |
| Price to Book Ratio | 6.91 |
| Enterprise Value to Revenue | 14.55 |
| Enterprise Value to EBIT | 45.36 |
| Enterprise Value to Net Income | 49 |
| Total Debt to Enterprise | 0.03 |
| Debt to Equity | 0.2 |
Revenue Sources
No data
Last Earnings Call
Report Date
September 2, 2026
EPS Estimate
$2.22
Consensus analyst estimateRevenue Estimate
$905.41 M
Consensus analyst estimateNext Earnings Call
Expected Date
November 19, 2026
EPS Estimate
$2.28
Consensus analyst estimateRevenue Estimate
$922.26 M
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.00, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.0000▼ 62.93% |
|---|---|
| Total Calls | 17,200▼ 98.73% |
| Total Puts | -▼ 100.00% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 4.97%▼ 85.09% |
|---|---|
| Total Invested | $2.28B▼ 91.18% |
| Investors Holding | 424▼ 686.00% |
About Veeva Systems Inc
7,928 employees
CEO: Peter Gassner
Veeva Systems Inc. is a global provider of specialized cloud-based software solutions designed exclusively for the life sciences sector. Its reach extends across key regions including North America, Europe, Asia Pacific, the Middle East,...