Manhattan Associates soars 11% on strong earnings beat

Investing.com -- Manhattan Associates Inc. (NASDAQ: MANH) reported third quarter results that exceeded analyst expectations, with adjusted earnings per share of $1.55 compared to the consensus estimate of $1.46. Revenue reached $306.2 million, surpassing the analyst estimate of $297.01 million and representing an 11% increase from $275.8 million in the same quarter last year.

Shares of Manhattan Associates jumped 10.9% in after-hours trading Tuesday following the earnings announcement.

The supply chain and omnichannel commerce solutions provider reported adjusted EPS of $1.55, up from $1.36 in the third quarter of 2025. Cloud subscription revenue grew 28% YoY to $134.4 million, while services revenue increased slightly to $134.4 million from $133.0 million. The company's remaining performance obligation (RPO) rose 25% to $2.59 billion.

"Manhattan delivered record Q3 and year-to-date results. On strong demand we posted another record bookings quarter and achieved two milestones. Cloud revenue surpassed services revenue and total quarterly revenue exceeded $300 million," said Manhattan Associates President and CEO Eric Clark.

For the full year 2026, Manhattan Associates provided guidance of $1,176 million to $1,178 million in revenue, representing 9% growth. The midpoint of $1,177 million suggests continued momentum for the company. The company expects adjusted EPS in the range of $5.54 to $5.56, reflecting 9% to 10% growth, with a midpoint of $5.55.

The company generated $68.6 million in cash flow from operations during the quarter and repurchased 244,748 shares for $50.0 million. Cash totaled $199.4 million at quarter end.

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