Manhattan Associates Q2 results beat on cloud demand

Manhattan Associates

28/07/2026 21:15

Overview
US supply chain software firm's Q2 revenue rose 9% yr/yr, beating analyst expectations
Adjusted EPS for Q2 rose to $1.39, beating analyst expectations
Company repurchased 874,029 shares for $125 mln in Q2

Outlook
Manhattan Associates sees 2026 revenue between $1.16 bln and $1.166 bln
Company expects 2026 adjusted EPS of $5.44 to $5.50
Company says global macro volatility remains a risk to outlook

Result Drivers
CLOUD DEMAND - Co said strong demand for cloud-based supply chain and commerce solutions drove revenue growth
RECORD BOOKINGS - Co reported its third consecutive record bookings quarter, contributing to revenue growth
RPO GROWTH - Remaining performance obligations increased 23% yr/yr, supporting future revenue visibility

Company press release: ID:nBw42Pslha

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$297.8 mln
$287.91 mln (9 Analysts)
Q2 Adjusted EPS
Beat
$1.39
$1.32 (10 Analysts)
Q2 EPS
 
$0.85
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for Manhattan Associates Inc is $190.00, about 19.3% above its July 27 closing price of $159.29
The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 25 three months ago

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(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.)