Workday, Inc. traded at $200.81 in U.S. premarket dealing on Monday. That was 0.40% above Friday's close and 14.6% above August 12.
Workday trades above Wall Street's stand-alone value as Silver Lake talks remain unconfirmed. Thursday's earnings can either support the premium or expose it.
Deal enthusiasm is real, but incomplete. The stock remains 11.7% below its $227.49 report-day high.
The premium exceeds Workday's last reported cash pile. It needs either a bid or faster growth.
Current equity value equals about 20.7 times annualized Q1 free cash flow. This is a simple run-rate, not guidance.
The rating says Buy. The average target says 10.1% downside. Takeover repricing created the contradiction.
| Metric | Reference | Investor test |
|---|---|---|
| Q2 subscription revenue | $2.455bn company guide | 13% growth |
| Q2 total revenue | ≈$2.64bn consensus | Maintain double-digit pace |
| Q2 adjusted EPS | ≈$2.61–$2.66 consensus | Protect margin story |
| Q2 non-GAAP margin | 30.0% company guide | No execution slip |
| FY subscription revenue | $9.925bn–$9.950bn guide | 12%–13% growth holds |
Price data: S&P Global via StockAnalysis, August 24, 2026, 06:40 EDT. Analyst data: StockAnalysis and Jefferies via The Fly. Results and guidance: Workday. Deal report: Reuters. Dashboard assembled August 24, 2026, 07:54 EDT. Calculations may differ due to rounding.
