EarningsQ2 2026 Earnings Report
MX:MANH Q2 2026 EPS Results
Actual EPS$25.27
Consensus EPS$23.96
Beat/MissBeat by +$1.31
One Year Ago EPS$23.81
MX:MANH Q2 2026 Revenue Results
Actual Revenue$5.41B
Expected Revenue$5.25B
Beat/MissBeat by +$159.37M
YoY Revenue Growth+9.31%
Earnings Announcement Details
QuarterQ2 2026
Date07/28/2026
TimeAfter Close
Conference CallTuesday, July 28, 2026
MX:MANH Upcoming Earnings
Manhattan Associates's next earnings date is estimated for October 27, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:MANH Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong execution and momentum: record bookings, robust cloud revenue acceleration (26% YoY), raised revenue and EPS guidance, improved RPO and cash generation, rapid early traction for AI agents and a strategic product packaging (Editions) to broaden the addressable market. Offsetting items include FX headwinds, a one-time restructuring charge, maintenance attrition, modest near-term AI revenue contribution, EMEA services timing, and reinvestment-related accruals limiting immediate margin benefit. Overall, positive operational and financial momentum with manageable near-term headwinds.Company Guidance
Strong Cloud Revenue Growth
Cloud revenue increased 26% year-over-year to $127 million in Q2; full-year cloud revenue midpoint raised to $505.5 million (24% growth). Q3 cloud target ~$130M and Q4 ~$132M.
Record Bookings Momentum
Q2 marked the third consecutive quarter of record bookings; RPO grew 23% year-over-year to $2.47 billion and was up 5% sequentially. Management expects full-year RPO $2.62B–$2.68B (18%–20% growth) toward the high end.
Revenue and Guidance Upgrade
Total revenue for Q2 was $298 million (up 9% YoY). Full-year revenue guidance raised to $1.160B–$1.166B ($1.163B midpoint), representing ~11% growth excluding license/maintenance attrition (8% all-in).
Profitability and Cash Generation
Adjusted operating profit of $104 million with a 34.9% operating margin in Q2. Q2 operating cash flow rose 22% to $91 million, free cash flow margin 30.1%, and adjusted EBITDA margin 35.4%.
EPS Improvements
Adjusted EPS of $1.39 in Q2 (up 6% YoY). Full-year adjusted EPS guidance increased to $5.44–$5.50; GAAP EPS midpoint increased to $3.62 despite a one-time restructuring charge.
Balance Sheet Strength and Share Repurchases
Ended Q2 with $186 million cash, zero debt. Repurchased $125 million of shares in Q2 and $275 million year-to-date, with $225 million repurchase authority remaining.
Conversions and Renewal Dynamics
Conversions from on-prem to Manhattan Active represented >40% of new cloud bookings in Q2; net new logos accounted for >25% of new cloud bookings. Win rate remained consistently above 70% and renewals in line with plan.
Product & GTM Innovation — Editions
Introduced three-tier 'Editions' packaging (Essentials, Enterprise, Enterprise Premier) to expand addressable market, enable faster time-to-value and create more land-and-expand opportunities without replatforming.
AI (Active Agents) Traction
Active Agents reached >10% of active install base (pilots or subscriptions) since Q1 launch, with 100% pilot-to-subscription conversion to date. Customers reported operational benefits (examples include an 87% reduction in short picks; a regional grocer: 49% reduction in late shipments and 21% reduction in order cycle time).
Partner & Sales Investments Paying Off
Strategic sales and partner investments are driving volume: partner-sourced deals in H1 increased ~4x vs prior year; certified partner consultants doubled in H1. Dedicated conversion and renewals teams contributing to bookings and upsells.
MX:MANH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed