Canada's Kinaxis Q1 revenue rises on SaaS and subscription growth

Kinaxis

06/05/2026 22:19

Overview

Canada supply chain platform's Q1 revenue grew 25% yr/yr, driven by SaaS and subscription growth

Q1 adjusted EBITDA beat analyst expectations, margin increased to 32%

Company maintained fiscal 2026 guidance despite strong Q1 performance

Outlook

Kinaxis maintains FY 2026 revenue guidance at $620-635 mln

Company expects FY 2026 SaaS revenue growth of 17-19%

Kinaxis sees FY 2026 adjusted EBITDA margin at 25-26%

Result Drivers

NEW CUSTOMER WINS - Co said record new business and expansion with existing customers drove bookings and ARR growth

AI-DRIVEN PRODUCT DEMAND - Co cited strong demand for its AI-driven demand and supply planning capabilities

MAESTRO AGENTS ADOPTION - Co noted good early-stage demand for Maestro Agents with new paying customers in Q1

Company press release: ID:nBw48TbHma

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EBITDA
Beat
$53.60 mln
$43.07 mln (8 Analysts)
Q1 Gross Profit
$114.02 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Kinaxis Inc is C$200.00, about 40.2% above its May 5 closing price of C$142.64

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 24 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)