Manhattan Associates reported second-quarter 2026 non-GAAP adjusted earnings of $1.39 per share, beating the Zacks Consensus Estimate by 6.11% and increasing 6.1% year over year, while revenues climbed 9.3% to $297.8 million, also beating estimates. The company saw cloud subscription revenues surge 26.2% to $126.7 million, and remaining performance obligations grew to $2.47 billion, up 23% year over year. For full-year 2026, Manhattan Associates raised its revenue guidance to a range of $1.16 billion to $1.166 billion, implying 7-8% growth, and lifted its cloud revenue midpoint to $505.5 million, representing about 24% growth. The company also repurchased approximately 874,029 shares for $125.0 million during the quarter, with about $225 million remaining under its repurchase authority. Shares have gained 5.8% since the earnings report, outperforming the S&P 500, and estimates have trended upward over the past month.
Manhattan Associates IncBeats Q2 estimates and raises 2026 guidance, with strong cloud revenue growth and buybacks.
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