- Prev close
- $188.24
- Day range
- $187.72 – $197.00
- From 52-wk high
- -24.7%
- Next earnings
- in 62 days
Workday’s 2026-09-18 close of -2.7% followed a prior 6% jump tied to take-private financing reports, so the move looks more like event-driven volatility than business deterioration; the broader setup is mixed because growth is solid but valuation remains meaningful.
WDAY
WORKDAY INC-CLASS A
As of Sep 19, 2026
58/100
Worth keeping an eye onHealth ScoreWhy it moved
The main driver looks stock-specific, not broad-market. Workday fell -2.7% in 2026-09-18’s close, while the S&P 500 was -0.1% and the Nasdaq 100 was +0.6%; peers were mixed too, with CDNS +0.8%, SNPS +1.0%, MSTR +16.4%, and ADSK -0.8%. That combination points away from a market-wide or clean sector move and toward idiosyncratic trading around Workday’s own news flow, especially after the earlier 6% rally tied to ongoing go-private financing reports.
Normal volatility?
This looks like ordinary event volatility rather than evidence of deterioration. Revenue is still growing at +13.3% YoY (TTM) and +12.8% YoY in the latest quarter, EPS is +127.9% YoY (TTM), and margins are healthy at gross +75.8%, operating +10.7%, and net +12.3%. At the same time, the stock is not cheap: PE is 37.3, forward PE is 13.8, PEG is 2.69, and beta is 1.03. A PEG of 2.69 — P/E divided by growth, so investors are paying 2.69× the growth rate — says a good deal of growth is already priced in, which makes the shares more sensitive to headline-driven swings in either direction. The move is therefore better read as normal but lively trading around a richly valued growth name, not a change in fundamentals.
Earnings preview
The next earnings date is 2026-11-23. The facts provided do not include analyst consensus revenue or EPS estimates for that print, so I cannot state expected growth or margin targets for the quarter from this set. Recent public signals do show how the market has been treating the name: the stock jumped 2.7% on reports that financing talks for a potential take-private deal were still moving forward, and it also benefited from a broader recovery in growth stocks when Treasury yields retreated below 5% and oil prices declined. Into the next report, the key questions are whether Workday can keep revenue growth near the recent +12.8% YoY pace, whether operating margin can hold around +10.7%, and whether the current financing or AI-related narrative is backed by updates from the company itself.
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