Workday (WDAY)

Workday, Inc. is reiterating its fiscal 2027 third quarter and full-year financial guidance that it originally provided on its fiscal 2027 second quarter earnings call held August 27, 2026. The only exception to the reiterated guidance is GAAP operating margin. The filing attributes the change to activities described later in the document, the text of which was not included in the excerpt provided.

Workday disclosed costs associated with exit or disposal activities under Item 2.05. Workday now expects its fiscal 2027 third-quarter GAAP operating margin to be approximately 20 to 21 percentage points lower than its third-quarter non-GAAP operating margin, and its fiscal 2027 full-year GAAP operating margin to be approximately 19 percentage points lower than its full-year non-GAAP operating margin. Workday intends to exclude the charges associated with the activities discussed in the filing from its non-GAAP results. The provided excerpt does not specify the nature of the exit or disposal plan, estimated costs, timeline, number of employees affected, or asset write-downs.