SPS Commerce Q2 revenue beats estimates

SPS Commerce

30/07/2026 21:25

Overview
US supply chain software firm's Q2 revenue grew 6%, beating analyst expectations
Q2 adjusted EBITDA rose 19% and beat analyst expectations
Company repurchased $51.2 mln in shares during Q2

Outlook
SPS Commerce sees Q3 2026 revenue between $196.3 mln and $198.3 mln
Company expects full-year 2026 revenue between $788.4 mln and $793.4 mln
Company expects divestiture to reduce H2 2026 revenue by $10.5 mln, neutral to EBITDA

Result Drivers
UP-SELL AND CROSS-SELL - Co said Q2 performance reflected up-sell and cross-sell momentum in its core business
AI STRATEGY ROLLOUT - Co cited rollout of AI strategy, including MAX agentic capabilities, as delivering value to customers
OPERATIONAL RIGOR - Co said it exceeded margin expansion goals through operational rigor

Company press release: ID:nGNX4dXXKn

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$197.80 mln
$195.46 mln (10 Analysts)
Q2 Net Income
 
$6.90 mln
 
Q2 Adjusted EBITDA
Beat
$66.60 mln
$61.96 mln (9 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 8 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy."
Wall Street's median 12-month price target for SPS Commerce Inc is $60.00, about 13.5% below its July 29 closing price of $69.40
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 12 three months ago

Reuters Recommended Reads
July 28 - Manhattan Associates Q2 results beat on cloud demand
July 29 - PTC raises annual forecast on resilient software demand
July 29 - ADP tops fourth-quarter revenue estimates on payroll software demand

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.)