Veeva Systems' stock surged 11.08% in pre-market trading Thursday, extending gains from a significant post-market rally the previous session.

The sharp move follows the cloud solutions provider's release of fourth-quarter fiscal 2026 financial results that handily exceeded analyst expectations. The company reported adjusted earnings per share of $2.06, beating consensus estimates of approximately $1.93 to $1.94. Quarterly revenue reached $836 million, surpassing expectations of about $810.6 million and representing 16% year-over-year growth.

Investors reacted positively to the robust performance and the company's forward-looking guidance. Veeva projected first-quarter revenue between $855 million and $858 million and raised its full fiscal year 2027 revenue outlook to a range of $3.585 billion to $3.6 billion, both above market expectations. Management expressed confidence in its trajectory toward a $6 billion revenue run rate target by 2030, citing progress in AI integration and strong customer adoption across its product suites for the life sciences industry.