Manhattan Associates 2Q 2026: Revenue $297.8M, EPS $0.85— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Manhattan Associates reported Q2 2026 results with revenue rising 9% YoY to $297.8M, while net income and diluted EPS declined by 11% to $50.4M and $0.85, respectively. Cloud revenue grew 25% YTD, accounting for 42% of total revenue. The company reduced global headcount by 6%, incurring $8.3M in restructuring charges to prioritize cloud investments and AI integration.
Manhattan Associates reported second-quarter 2026 results with revenue rising to $297.8M, while net income declined to $50.4M and diluted EPS fell to $0.85 versus the year-ago quarter.
Financial Highlights
- Revenue: $297.8M for Q2 2026, up from $272.4M in the year-ago quarter (9% YoY).
- Net income: $50.4M for Q2 2026, versus $56.8M in the year-ago quarter (11% decrease).
- Diluted EPS: $0.85 for Q2 2026, down from $0.93 in the year-ago quarter.
Business Highlights
- Cloud momentum: Cloud revenue is up 25% year-to-date and now represents 42% of total revenue and roughly 98% of software revenue as customers shift from legacy products.
- Services: Services account for about 45% of revenue, with roughly 81% tied to cloud implementations and migrations.
- Product and AI investment: Continued R&D focus on Unified Omnichannel, Digital Supply Chain and integration of agentic/generative AI features.
- Operational actions: The company reduced global headcount by about 6% and recorded $8.3M of restructuring charges to prioritize cloud investments and sales expansion.
Original SEC Filing: MANHATTAN ASSOCIATES INC [ MANH ] - 10-Q - Jul. 31, 2026
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.