Manhattan Associates Tops Q3 Estimates: Revenue $306.2M, Cloud Up 28%, RPO Up 25%
MANH sits 97% above its 52-week low of $119.06.
Summary
Manhattan Associates posted record Q3 revenue of $306.2 million, with cloud revenue up 28% and RPO up 25% to $2.59 billion, and guided full-year 2026 to $1,176-$1,178 million in revenue and $5.54-$5.56 adjusted EPS. The same filing adds a new director and bylaws that restrict shareholder derivative suits.
Key Events · Earnings and Guidance · MANH
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Record Q3 Revenue of $306.2M
Total revenue rose to $306.2 million from $275.8 million in Q3 2025, as cloud subscription revenue climbed 28% to $134.4 million and surpassed services revenue for the first time.
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Adjusted EPS $1.55, RPO Up 25%
GAAP diluted EPS was $1.04 versus $0.96 a year ago, and adjusted diluted EPS was $1.55 versus $1.36. Remaining performance obligations grew to $2.59 billion from $2.47 billion at June 30, 2026.
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Full-Year 2026 Guidance Set
Guidance calls for total revenue of $1,176-$1,178 million (9% growth) and adjusted EPS of $5.54-$5.56, with adjusted operating margin of 35.2%-35.4%.
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Cash Flow Slips, DSO Jumps
Cash flow from operations was $68.6 million versus $93.1 million a year ago, and days sales outstanding rose to 81 days from 67 at June 30, 2026, primarily on heavier billing in the last month of the quarter.
Analysis · MANH · Technology
Record Q3 revenue of $306.2 million, up 11% from $275.8 million a year ago, anchored the quarter, while cloud subscription revenue climbed 28% to $134.4 million and surpassed services revenue for the first time. Adjusted EPS of $1.55 beat last year's $1.36, and remaining performance obligations (contracted backlog) rose 25% to $2.59 billion — the clearest read on future cloud revenue. Full-year guidance of $1,176-$1,178 million in revenue and $5.54-$5.56 in adjusted EPS implies roughly 9-10% growth. The offset: cash flow from operations fell to $68.6 million from $93.1 million, and days sales outstanding jumped to 81 days from 67, tied to heavier billing late in the quarter. Separately, the board added Juan Perez (ex-Salesforce CIO, 30 years at UPS) effective January 28, 2027, and adopted bylaws raising the bar for derivative suits to holders of at least 1% of shares and locking internal disputes into Georgia's Business Court.
How filings like this one have moved
In the 30 days to Oct 27, 2026, 29.9% of the 1374 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, MANH was trading at $233.98 on NASDAQ in the Technology sector, with a market capitalization of approximately $13.6B. The 52-week trading range was $119.06 to $242.63. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.