SPS Commerce

Q2 FY2026 EarningsQ2 FY26 beat consensus across major line items, with revenue of $197.8M vs. $195.4M expected and Non-GAAP EPS of $1.27 vs. $1.09. While GAAP net income missed expectations significantly due to a $23.5M loss on the divestiture of the 3P Revenue Recovery business, Adjusted EBITDA grew 19% YoY to $66.6M, reflecting strong margin expansion. Management provided FY26 revenue guidance of $788.4M-$793.4M, accounting for a $10.5M revenue headwind from the divestiture while maintaining neutral EBITDA impact.