Veeva Systems Analysts Increase Their Forecasts After Better-Than-Expected Q2 Results

Veeva Systems Inc. (NYSE:VEEV) reported better-than-expected earnings for the second quarter on Wednesday.

The company posted quarterly earnings of $1.99 per share which beat the analyst consensus estimate of $1.90 per share. The company reported quarterly sales of $789.081 million which beat the analyst consensus estimate of $768.417 million.

Veeva Systems raised its FY2026 adjusted EPS guidance from $7.63 to $7.78 and also increased its sales guidance from $3.090 billion-$3.100 billion to $3.134 billion-$3.140 billion.

“It’s exciting to see our vision of connected software, data, and business consulting for life sciences becoming a reality,” said CEO Peter Gassner. “I am especially excited about the power of Veeva AI and Veeva Data Cloud to enable transformational change for life sciences ...