Core Insights - Workday's stock has surged over 7% this week, indicating strong investor interest and potential growth opportunities [1] - The company reported robust fiscal second-quarter 2026 results, with revenue of $2.35 billion, a 12.6% increase year-over-year, and earnings rising 26% to $2.21 per share, both exceeding Wall Street expectations [3] - Workday's subscription revenue backlog grew nearly 18% during the quarter, outpacing revenue growth, suggesting future revenue acceleration [4] Financial Performance - Revenue for the fiscal second quarter reached $2.35 billion, marking a 12.6% increase compared to the same quarter last year [3] - Earnings per share rose 26% to $2.21, surpassing analyst expectations [3] - The operating margin reported was a strong 29% [4] Subscription Growth and AI Impact - Subscription revenue backlog increased nearly 18%, indicating strong future revenue potential [4] - Revenue from AI products more than doubled year-over-year, with over 30% of customer-based deals and more than 75% of net new deals including at least one AI product [5] Investment Confidence - Elliott Investment Management has accumulated $2 billion in Workday shares, expressing confidence in the company's long-term business plan [6] - Guggenheim Securities upgraded Workday's stock to a buy, setting a price target of $285, which represents a 21% increase from the recent share price of around $230 [7] Strategic Developments - Workday announced its acquisition of Sana, a company specializing in enterprise knowledge tools using AI, which will enhance its suite of business applications [9]