Key Highlights

  • Consensus EPS of 1.46 compares with diluted EPS of 0.85 reported for the second quarter, against 0.93 a year earlier.
  • Consensus revenue of USD 297.01 million compares with revenue of USD 297.8 million reported for the second quarter.
  • Cloud subscription revenue was USD 126.7 million against USD 100.4 million, while services revenue was USD 133.0 million.
  • Operating margin was 22.2% against 27.1%, and the company repurchased about 0.9 million shares for USD 125.0 million.

Manhattan Associates (NASDAQ:MANH) reports third-quarter results on Tuesday, Oct. 27, after the market closes. Consensus stands at EPS of 1.46 on revenue of USD 297.01 million, and the company has a market capitalization of USD 13.78 billion.

Manhattan Associates provides supply chain software, with revenue from cloud subscriptions, services and other sources. In the second quarter, it reported revenue of USD 297.8 million against USD 272.4 million and net income of USD 50,352 thousand against USD 56,780 thousand.

Estimates Against the Last Reported Quarter

The revenue estimate of USD 297.01 million is below the USD 297.8 million reported for the second quarter. The EPS estimate of 1.46 is above the diluted EPS of 0.85 reported, which compared with 0.93 a year earlier, and the estimates table does not state its earnings basis.

Operating income was USD 66.2 million against USD 73.8 million, and operating margin was 22.2% against 27.1%. Income before taxes was USD 67,214 thousand against USD 74,503 thousand.

Cloud and Services Revenue

Cloud subscription revenue was USD 126.7 million against USD 100.4 million. Services revenue was USD 133.0 million against USD 128.9 million.

Cost of revenue was USD 129,463 thousand against USD 116,215 thousand, and net interest income was USD 753 thousand against USD 852 thousand.

Operating Expenses and Restructuring

Operating expenses were USD 102,100 thousand against USD 82,418 thousand, a 24% change shown in the filing. Sales and marketing expense was USD 30,699 thousand against USD 19,979 thousand, a 54% change, while research and development expense was USD 34,765 thousand against USD 34,871 thousand.

General and administrative expense was USD 26,741 thousand against USD 25,976 thousand. Restructuring expense was USD 8,263 thousand against USD 8 thousand a year earlier, and depreciation and amortization was USD 1,632 thousand against USD 1,584 thousand.

Cash Flow, Cash and Capital Returns

Cash flow from operations was USD 90.7 million against USD 74.0 million, and total assets were USD 698,646 thousand against USD 839,388 thousand at the prior year-end. Days sales outstanding were 67 days at June 30, 2026, against 72 days at March 31, 2026, and cash was USD 186.1 million against USD 226.1 million at March 31.

In the second quarter, the company repurchased approximately 0.9 million shares for a total of USD 125.0 million. In March 2026, the board raised the share repurchase authority from USD 100 million to USD 500 million, and approximately USD 225.0 million remained at quarter-end.

Basic EPS was 0.86 against 0.94, and net income was USD 50,352 thousand against USD 56,780 thousand. The estimates table lists a market capitalization of USD 13.78 billion.

Markers for the Release

Diluted EPS against 1.46 and revenue against USD 297.01 million are the headline comparisons. Other markers are cloud subscription revenue against USD 126.7 million, operating margin against 22.2%, cash and repurchases.