MANH: Record Q3 revenue and cloud growth underpin FY 2026 guidance

What happened

Manhattan Associates reported record third-quarter revenue of $306.2 million. Cloud revenue rose 28% compared with a year earlier, and adjusted earnings per share were $1.55. The company's guidance for fiscal 2026 calls for revenue of $1.176 billion to $1.178 billion and adjusted earnings per share of $5.54 to $5.56.

Confirmed

Global impact / market context

Cloud revenue growing faster than total revenue suggests the company is shifting more business to subscription-style software, which can make sales more recurring and predictable. The fiscal 2026 guidance gives investors a formal target to compare against future quarterly results, which may influence how they value the stock.

Analyst inference

The article gives no stock price, valuation or peer comparison, so context is limited to the reported figures. Investors weighing the shares would likely compare the 28% cloud growth and the fiscal 2026 revenue and earnings targets with the company's own history and with software peers.

Analyst inference

What to watch

1. Watch whether future quarterly cloud revenue keeps growing near the reported 28% yearly rate, since cloud is the fastest-growing part of the business and supports recurring revenue. Confirmed
2. Track whether management updates the fiscal 2026 revenue and adjusted earnings per share guidance, and whether reported results land inside the stated ranges. Proposed
3. Watch whether faster cloud growth lifts total revenue and profit per sale over time, as more recurring software revenue could change the company's cost structure and cash available. Analyst inference

Evidence

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