Manhattan Associates Q3 revenue beats estimates on cloud subscription growth
MANH•Manhattan Associates reported Q3 revenue of $306.2 million, up 11% and above analyst estimates, while adjusted EPS of $1.55 also beat expectations. The company forecast 2026 revenue of $1.176 billion to $1.178 billion and repurchased $50 million of shares in Q3.
1. Quarterly results
Q3 revenue rose 11% year over year to $306.2 million, compared with analyst estimates of $297.06 million. Adjusted EPS increased to $1.55, above the $1.46 estimate; GAAP EPS was $1.04. The company repurchased $50 million of shares during the quarter.
2. Cloud growth
Cloud subscription revenue rose 28% year over year and surpassed services revenue for the first time, CEO Eric Clark said. Clark said targeted investments in sales and marketing contributed to growth.
3. 2026 outlook
Manhattan Associates expects 2026 revenue of $1.176 billion to $1.178 billion, GAAP EPS of $3.62 to $3.64, and adjusted EPS of $5.54 to $5.56.
