Manhattan Associates Reports Record Q2 Results, Cloud Revenue Surges 26%, Raises FY2026 Guidance
MANH sits 55% above its 52-week low of $119.06.
Summary
Manhattan Associates posted record Q2 2026 results with cloud revenue up 26% and RPO up 23%, and raised its full-year adjusted EPS guidance to $5.44–$5.50, above consensus.
Key Events · Earnings and Guidance · MANH
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Record Q2 Revenue and Cloud Growth
Total revenue reached $297.8 million, up 9% year-over-year, with cloud subscription revenue surging 26% to $126.7 million.
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Strong Backlog Expansion
Remaining performance obligations (RPO) grew 23% year-over-year to $2.47 billion, signaling robust future revenue visibility.
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Raised Full-Year 2026 Guidance
Adjusted EPS guidance raised to $5.44–$5.50, above current consensus, on total revenue of $1.160–$1.166 billion.
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Aggressive Share Buybacks Continue
Repurchased 874,029 shares for $125 million in Q2; $225 million remains under the $500 million buyback authorization.
Analysis · MANH · Technology
Manhattan Associates delivered record Q2 results driven by 26% cloud subscription revenue growth and a 23% increase in remaining performance obligations (RPO) to $2.47 billion. Non-GAAP adjusted EPS of $1.39 beat the prior year's $1.31, and the company raised its full-year 2026 adjusted EPS guidance to $5.44–$5.50, above current consensus. The strong demand and expanding backlog signal sustained momentum, though GAAP EPS declined due to higher equity-based compensation and restructuring costs from a 6% workforce reduction. The company also continued aggressive share buybacks, repurchasing $125 million in stock during the quarter.
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In the 30 days to Oct 1, 2026, 30.2% of the 1644 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.49%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, MANH was trading at $185.10 on NASDAQ in the Technology sector, with a market capitalization of approximately $9.9B. The 52-week trading range was $119.06 to $229.58. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.