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Veeva Systems beats Q2 revenue estimates with 18% growth and boosts buyback program, shares upgraded to Buy.

Analyst Insights
28 Aug 2026
Seeking Alpha
View Source
Bullish
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Veeva Systems Inc. reported strong Q2 revenue growth of 18%, surpassing both company guidance and analyst expectations. The company is actively reducing its share count through a $2 billion buyback program, which supports earnings per share growth by offsetting stock-based compensation. With $1.4 billion remaining in the buyback plan, a strong balance sheet holding $1.8 billion in cash and $5.4 billion in short-term investments, and minimal debt, Veeva is well-positioned for downside protection. Trading at a forward PEG ratio of 0.77 and significantly undervalued compared to its sector, the stock has been upgraded from Hold to Buy.

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