Veeva Systems Inc. reported its fiscal 2026 first quarter results, posting total revenues of $759.0 million, a 17% increase from $650.3 million in the same period last year. Subscription services revenues rose 19% year-over-year to $634.8 million. The company achieved a non-GAAP net income of $327.8 million, up 33% from $247.0 million a year ago, with non-GAAP diluted earnings per share at $1.97, exceeding analyst expectations by $0.23. Operating income for the quarter was $233.7 million, a 51% increase from the prior year. Veeva also surpassed its 2025 revenue run rate goal of $3 billion during the quarter. CEO Peter Gassner described this as the company's best first quarter ever. Veeva announced the upcoming launch of Veeva AI, which will embed artificial intelligence capabilities into its applications, with the first release planned for December 2025. For the next quarter, Veeva forecasts total revenues between $766 million and $769 million, and for the full fiscal year ending January 2026, it expects total revenues between $3,090 million and $3,100 million and non-GAAP fully diluted net income per share of approximately $7.63. Veeva shares rose as much as 15% in after-hours trading following the results. In contrast, HP Inc. reported second quarter non-GAAP diluted earnings per share of $0.71, missing expectations by $0.09, and revenues of $13.2 billion, below the expected $13.5 billion. GAAP diluted earnings per share were $0.42, down 31% from the prior year, while non-GAAP EPS declined 13%. HP's Q2 net revenue was up 3.3% from the prior year period. HP cut its full-year earnings outlook to $3.00-$3.30 per share from a previous range of $3.45-$3.75, citing increased costs from tariffs and moderated demand. HP shares fell more than 14% in after-hours trading, with the stock trading at $23.32.