Manhattan Associates (MANH) Beats Q2 2026 Estimates on Cloud Surge
As seen on the 24/7 Wall St. homepage on July 28, 2026.
Cloud subscriptions surged 26% to become the largest revenue line as the supply chain software company posted its third straight record bookings quarter, with remaining performance obligations climbing 23% to $2.47 billion.
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Manhattan Associates reported Q2 2026 revenue of $297.8 million, topping the $287.8 million consensus estimate by about 3.5%. Earnings per share came in at $1.39, beating the $1.32 estimate by roughly 5.3%. The result marks continued sequential revenue growth, with quarterly revenue climbing from $282.2 million in Q1 2026 to nearly $297.8 million — the highest figure in the nine-quarter trend.
The standout driver was cloud subscriptions, which surged 26% and crossed over to become the company's largest single revenue line. That shift reflects the ongoing migration of supply chain customers from on-premise software toward Manhattan's cloud platform. The quarter also marked the company's third consecutive record bookings period, a signal that demand momentum is not slowing.
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Remaining performance obligations — essentially contracted future revenue not yet recognized — rose 23% to $2.47 billion. That backlog figure gives investors a forward-looking view of the company's revenue runway and suggests the cloud transition is pulling in multi-year commitments rather than short-term deals.
Mentioned: MANH