Manhattan Associates soars 11% on strong earnings beat

Manhattan Associates (NASDAQ: MANH) delivered a strong third quarter, surpassing analyst expectations with adjusted earnings per share (EPS) of $1.55, outpacing the $1.46 consensus. Revenue skyrocketed to $306.2 million, marking an 11% increase year-over-year, compared to $275.8 million a year ago. After-hours trading saw the company's shares surge 10.9%.

Supply chain and omnichannel commerce solutions provider Manhattan Associates reported a significant 28% YoY growth in cloud subscription revenue, reaching $134.4 million, while services revenue grew modestly to $134.4 million.

The company's remaining performance obligation (RPO) expanded by 25% to $2.59 billion. Manhattan Associates achieved a record Q3 and year-to-date performance, posting another record bookings quarter. CEO Eric Clark stated, "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."

For the full year 2026, Manhattan Associates forecasted revenue between $1,176 million and $1,178 million, representing 9% growth, with an adjusted EPS expected to range from $5.54 to $5.56, reflecting 9% to 10% growth. The company generated $68.6 million in cash flow from operations during the quarter, repurchasing 244,748 shares for $50.0 million, with $199.4 million in cash on hand at quarter end.