0001393052-26-000032
SEC filingVeeva FY27Q2 营收$928.0M增18%、EPS超指引，Vault CRM与AI新业务成核心驱动。
| 指标 | 本期 | 去年同期 | 同比 |
|---|---|---|---|
| Total revenues | $927,963 thousand | $789,081 thousand | +18% |
| Subscription revenues | $766,764 thousand | $659,183 thousand | +16% |
| Gross margin (GAAP) | 75.0% | 75.3% | — |
| Operating income (GAAP) | $275,018 thousand | $195,908 thousand | +40% |
| Operating income (Non-GAAP) | $415,883 thousand | $352,576 thousand | +18% |
| Net income (GAAP) | $273,429 thousand | $200,309 thousand | +37% |
| Net income (Non-GAAP) | $387,412 thousand | $333,406 thousand | +16% |
| Diluted EPS (GAAP) | $1.66 | $1.19 | — |
| Diluted EPS (Non-GAAP) | $2.35 | $1.99 | — |
| 期间 | 指标 | 指引 | 口径 |
|---|---|---|---|
| Q3 FY2027 | Total revenues | $932 to $935 million | N/A |
| Q3 FY2027 | Non-GAAP operating income | $417 to $420 million | Non-GAAP |
| Q3 FY2027 | Non-GAAP fully diluted net income per share | $2.33 to $2.34 | Non-GAAP |
| FY2027 | Total revenues | $3,682 to $3,687 million | N/A |
| FY2027 | Non-GAAP operating income | about $1,640 million | Non-GAAP |
| FY2027 | Non-GAAP fully diluted net income per share | approximately $9.21 | Non-GAAP |
本季营收 $927,963 thousand（+18%），订阅收入 $766,764 thousand（+16%），其中 Veeva R&D and Quality Solutions 订阅收入 $419,375 thousand、Veeva Commercial Solutions 订阅收入 $347,389 thousand，R&D 与 Quality 板块增速更快。GAAP 营业利润率由 24.8% 升至 29.6%，Non-GAAP 营业利润率 44.8%；去年同期含 $30,627 thousand litigation settlement-related charges，是 GAAP 利润同比高增的重要一次性因素，Non-GAAP 口径下营业利润同比 +18%。
管理层称本季各指标均超指引、全年展望全面上调；Vault CRM 已有逾 180 家客户上线、Top 20 承诺达 12 家，Veeva Falcon 有五个 early adopters 并计划年内首批 go-live。上半年经营活动现金流 $1,365,825 thousand，回购普通股 $472,673 thousand；本季未披露分红或新增回购授权。风险方面，公司提示产品性能与安全、竞争、客户决策、生命科学行业监管与资金政策变化、宏观与地缘及汇率波动、人才留存等不确定性。