Manhattan Associates Stock Surges on Strong Q1 and Bullish 2026 Outlook

Key Details Manhattan Associates, a major supply chain software provider, reported first quarter revenue of $282.2 million, up from $262.8 million last year. The company also beat earnings expectations with $1.24 per share on a non-GAAP basis versus $1.19 a year ago. The stock jumped 5.92% on Wednesday following the earnings announcement. Why It Matters The real driver for investors was Manhattan's raised guidance for 2026. The company now projects adjusted full-year EPS of $5.29 to $5.37, up from its prior forecast of $5.04 to $5.20. Full-year revenue is expected to hit $1.147 billion to $1.157 billion, higher than the previous range of $1.133 billion to $1.153 billion. Momentum Signals Cloud-based product revenue climbed 24.2% year-over-year, while remaining performance obligations reached $2.35 billion, up 24% from the prior year. CEO Erick Clark noted the company is "off to a strong start to 2026." New customer bookings remained solid, with 55% of new cloud service revenue coming from companies new to Manhattan. Still Playing Catch-Up Despite the positive momentum, the stock remains down 11.8% over the past 12 months and sits well below its July 2024 high of $247.22 and December 2024 peak above $300.