10 Firms That Led Bloodbath Today

5. Workday Inc. (NASDAQ:WDAY)

Workday dropped its share prices by 12.52 percent on Friday to finish at $238.01 each as investors soured on its mixed earnings performance in the first quarter of fiscal year 2026.

In its financial statement, Workday Inc. (NASDAQ:WDAY) said net income during the period declined by 36 percent to $68 million from the $107 million registered in the same period last year, despite revenues growing by 12.56 percent to $2.24 billion from $1.99 billion year-on-year.

Looking ahead, the company reiterated its fiscal 2026 subscription revenue growth outlook of 14 percent to $8.8 billion and increased its fiscal 2026 non-GAAP operating margin guidance to approximately 28.5 percent.

For the second quarter alone, subscription revenues are expected to grow by 13.5 percent to $2.16 billion, while non-GAAP operating margin is projected to increase by 28 percent year-on-year.

“Workday delivered another solid quarter, a testament to the durability of our business and the relevance of our platform as CEOs increasingly turn to us to drive efficiency, agility, and growth,” said Workday Inc. (NASDAQ:WDAY) CEO Carl Eschenbach.

”We are delivering real ROI for our customers by helping them effectively manage their most critical assets—people and money—on one unified platform with AI at the core,” he added.