Manhattan Associates 3Q 2026: Revenue $306.2M, EPS $1.04— 10-Q Summary

What happened

Manhattan Associates reported third-quarter 2026 revenue of $306.2 million, up 11% from a year earlier, as cloud subscription revenue grew 28%. Net income rose 4.6% to $61.3 million and diluted EPS rose 8.3% to $1.04.

Confirmed

Global impact / market context

Cloud subscription revenue is growing much faster than total revenue, so it is steadily replacing older maintenance revenue, which fell 4%. That shift matters because recurring cloud sales can support steadier revenue, but the company must keep spending on sales and innovation to sustain it.

Analyst inference

The results show a software company mid-way through a cloud transition: total growth is solid, cloud is the engine, and maintenance is shrinking. Management flagged that economic and geopolitical uncertainty could lengthen sales cycles, which means deals may take longer to close and revenue timing could slip.

Analyst inference

What to watch

1. Cloud subscription revenue grew 28% in the quarter and 26% year to date, while maintenance revenue fell 4% quarterly and 8% year to date as customers moved to cloud offerings. Confirmed
2. Management expects continued investment in cloud growth and innovation and cautioned that economic and geopolitical uncertainty could extend sales cycles, delaying when deals close. Confirmed
3. Watch whether cloud growth stays near 28% as maintenance keeps shrinking; if cloud slows, total revenue growth could fall toward the 11% headline rate and pressure profit growth. Analyst inference

Evidence

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