Manhattan Associates Q1 Revenue Up 7.4%; Raises 2026 EPS Outlook to $5.29–$5.37
Manhattan Associates posted Q1 revenue of $282.2M, up from $262.8M, and non-GAAP EPS of $1.24 versus $1.19 a year ago. It raised its 2026 EPS guidance to $5.29–$5.37 and revenue outlook to $1.147–$1.157B, driven by 24.2% cloud sales growth and a $2.35B contracted backlog.
1. Q1 Financial Results
Manhattan Associates reported Q1 revenue of $282.2 million, a 7.4% increase from $262.8 million in Q1 2025, and delivered non-GAAP EPS of $1.24, up from $1.19 a year earlier. The stock climbed 5.9%, closing at $142.88 following the earnings release.
2. 2026 Guidance Upgrade
The company lifted its full-year 2026 guidance to $5.29–$5.37 in non-GAAP EPS and $1.147–$1.157 billion in revenue, compared to prior ranges of $5.04–$5.20 EPS and $1.133–$1.153 billion revenue. Full-year 2025 non-GAAP EPS was $5.06 and revenue totaled $1.081 billion.
3. Cloud Business Momentum
Cloud-based product revenue surged 24.2% year-over-year, while remaining performance obligations rose 24% to $2.35 billion. New cloud bookings were robust, with 55% of new service revenue coming from first-time customers, reflecting improved go-to-market effectiveness and deal volume across all regions.