Analyst Consensus ?
ConsensusBuy15 ratings
Bullish1280.0%
Neutral320.0%
Bearish00.0%
Manhattan Associates, Inc. · MANH · FY2026 Q2 · Calendar Q3 2026
Manhattan Associates raises 2026 outlook as cloud and AI momentum builds
The supplied analysis supports a constructive but qualified view: cloud subscriptions, AI-agent adoption, broader packaging and cross-sell can support continued growth, while monetization timing, execution and macro factors remain material tests.
Reported After market closeNASDAQTechnology
$13.64B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.39
Consensus $1.32
EPS surprise
+5.3%
Reported versus consensus
Reported revenue
$297.8M
Consensus $289.0M
Revenue surprise
+3.0%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+21.3%
Event window
SPY move
-1.5%
Same window
Abnormal move
+22.9%
Stock minus SPY
Volume
4.0×
Versus trailing sessions
Subsequent drift
+5.8%
Up to 20 sessions
MANHSPY benchmark
Ask FN2 about MANH FY2026 Q2
Transcript, numbers and history already loaded
Why did MANH rise 21.3% after beating EPS estimates in FY2026 Q2?What changed in MANH's guidance and outlook in FY2026 Q2?Give me the bull and bear case for MANH after FY2026 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter, management highlighted record Q2 bookings, introduced tiered Editions packaging, reported broader AI-agent engagement and raised full-year 2026 guidance.
Guidance delta
Management raised full-year 2026 revenue, operating-margin and EPS guidance.
Key takeaways
- Management described record Q2 bookings and 26% year-over-year cloud-revenue growth.
- Tiered Editions packaging is intended to broaden reach to mid-market and smaller sites.
- AI-agent adoption, renewals and a reported win rate above 70% support the current growth narrative.
Management priorities
- Roll out Premier, Enterprise and Essentials Editions across the product portfolio.
- Scale AI-agent offerings and convert deployments to subscriptions.
- Expand partner coverage while investing in specialist sales and conversion teams.
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Try FN2 freeEarnings History
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Beat
Miss
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Analyst 52W Price Targets
$233.98Previous close
$145Low
$220.75Average
$287High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 28, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Citigroup | Buy | Buy | Maintain | Oct 20, 2026 |
| Stifel | Buy | Buy | Maintain | Oct 14, 2026 |
| Morgan Stanley | Overweight | Equal Weight | Upgrade | Oct 12, 2026 |
| DA Davidson | Neutral | Buy | Downgrade | Sep 28, 2026 |
| Barclays | Overweight | Overweight | Maintain | Sep 8, 2026 |
| Baird | Outperform | Outperform | Maintain | Aug 26, 2026 |
| Loop Capital | Buy | Hold | Upgrade | Jul 29, 2026 |
| Truist Securities | Buy | Buy | Maintain | Jan 5, 2026 |
| Raymond James | Outperform | Outperform | Maintain | Oct 22, 2025 |
| Redburn Atlantic | Neutral | Buy | Downgrade | Jun 10, 2025 |
| Piper Sandler | Overweight | Overweight | Maintain | Mar 14, 2025 |
| William Blair | Outperform | Market Perform | Upgrade | Feb 13, 2025 |
| Rosenblatt | Neutral | Neutral | Maintain | Apr 24, 2024 |
| Benchmark | Buy | Buy | Maintain | May 26, 2021 |
| SunTrust Robinson Humphrey | Buy | Buy | Maintain | Jul 15, 2020 |
Named analyst price targets
Upside is calculated against the persisted previous close $233.98. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Morgan Stanley | Chris Quintero | $250 | $204.89 | +6.8% | Oct 12, 2026 |
| UBS | Analyst unavailable | $210 | $206.03 | -10.2% | Sep 28, 2026 |
| Robert W. Baird | Analyst unavailable | $260 | $213.1 | +11.1% | Aug 26, 2026 |
| D.A. Davidson | Analyst unavailable | $210 | $212.32 | -10.2% | Jul 29, 2026 |
| Morgan Stanley | Chris Quintero | $180 | $168.17 | -23.1% | Jul 29, 2026 |
| Stifel Nicolaus | Parker Lane | $225 | $168.17 | -3.8% | Jul 29, 2026 |
| Loop Capital Markets | Analyst unavailable | $215 | $168.17 | -8.1% | Jul 29, 2026 |
| Stifel Nicolaus | Parker Lane | $200 | $135.42 | -14.5% | May 20, 2026 |
| Barclays | Analyst unavailable | $239 | $142.88 | +2.1% | Apr 23, 2026 |
| Redburn Partners | Analyst unavailable | $145 | $128.88 | -38.0% | Apr 16, 2026 |
| Truist Financial | Terry Tillman | $240 | $175.13 | +2.6% | Jan 15, 2026 |
| Barclays | Guy Hardwick | $237 | $175.64 | +1.3% | Jan 12, 2026 |
| Morgan Stanley | Analyst unavailable | $165 | $167.28 | -29.5% | Jan 5, 2026 |
| D.A. Davidson | Clark Wright | $250 | $191 | +6.8% | Oct 22, 2025 |
| Truist Financial | Terry Tillman | $230 | $204.66 | -1.7% | Oct 22, 2025 |
| Raymond James | Brian Peterson | $240 | $204.66 | +2.6% | Oct 22, 2025 |
| UBS | Analyst unavailable | $240 | $204.66 | +2.6% | Oct 22, 2025 |
| Barclays | Analyst unavailable | $244 | $204.66 | +4.3% | Oct 22, 2025 |
| Morgan Stanley | Analyst unavailable | $200 | $204.66 | -14.5% | Oct 22, 2025 |
| Morgan Stanley | Analyst unavailable | $195 | $200.76 | -16.7% | Oct 14, 2025 |
| Barclays | Guy Hardwick | $247 | $198.95 | +5.6% | Oct 7, 2025 |
| Stifel Nicolaus | Analyst unavailable | $250 | $198.95 | +6.8% | Oct 7, 2025 |
| Robert W. Baird | Joe Vruwink | $212 | $187.97 | -9.4% | May 21, 2025 |
| D.A. Davidson | Gil Luria | $200 | $171.95 | -14.5% | Apr 23, 2025 |
| D.A. Davidson | Gil Luria | $195 | $162.61 | -16.7% | Apr 14, 2025 |
| Raymond James | Brian Peterson | $305 | $268.72 | +30.4% | Oct 23, 2024 |
| D.A. Davidson | Gil Luria | $315 | $292.32 | +34.6% | Oct 23, 2024 |
| Robert W. Baird | Joe Vruwink | $304 | $295.54 | +29.9% | Oct 22, 2024 |
| Truist Financial | Terry Tillman | $310 | $296.16 | +32.5% | Oct 11, 2024 |
| Citigroup | George Kurosawa | $287 | $286 | +22.7% | Sep 25, 2024 |
| Loop Capital Markets | Mark Schappel | $265 | $226 | +13.3% | Jul 24, 2024 |
| Robert W. Baird | Joe Vruwink | $261 | $226 | +11.5% | Jul 24, 2024 |
| D.A. Davidson | Gil Luria | $260 | $223.45 | +11.1% | May 16, 2024 |
| D.A. Davidson | Gil Luria | $240 | $206.32 | +2.6% | Apr 25, 2024 |
| Truist Financial | Terry Tillman | $275 | $237.81 | +17.5% | Apr 15, 2024 |
| Raymond James | Analyst unavailable | $165 | $116.62 | -29.5% | Jul 27, 2022 |
| Rosenblatt Securities | Analyst unavailable | $150 | $120.72 | -35.9% | Jul 22, 2022 |
Track every rating change on MANH the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationManhattan Associates, Inc. develops comprehensive software solutions to manage and optimize supply chains, inventory, and omni-channel operations. Their product portfolio features Manhattan SCALE, a suite of logistics execution tools covering aspects like trading partner management, yard optimization, warehouse management, and transportation execution. Additionally, they offer Manhattan Active, which provides integrated enterprise and in-store omni-channel solutions. The company also supplies specialized solutions for inventory optimization, planning, and allocation.…
Historical context
All MANH earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| FFIV F5, Inc. | FY2026 Q4 · Calendar Q4 2026 | +3.8% | -0.5% | F5: AI security momentum supports FY27 growth plan, with spending rising |
| LOGI Logitech International S.A. | FY2027 Q2 · Calendar Q4 2026 | +12.7% | +1.8% | Logitech sustains growth, but supply constraints lower near-term outlook |
| GLW Corning Inc | FY2026 Q3 · Calendar Q4 2026 | +3.3% | -1.1% | Corning Q3: Optical growth leads, solar remains a drag |
| STX Seagate Technology Holdings plc | FY2027 Q1 · Calendar Q4 2026 | +3.1% | +3.7% | Seagate posts record quarter as HAMR and AI storage demand accelerate |
| NXPI NXP Semiconductors N.V. | FY2026 Q3 · Calendar Q4 2026 | — | +3.1% | NXP posts strong Q3 as SDV and AI demand drive growth |
| CLS Celestica Inc. | FY2026 Q3 · Calendar Q4 2026 | +12.6% | +12.1% | Celestica raises outlook as AI networking demand accelerates |
Latest beats and misses
Who reports nextBeat on EPS
- FFIVFY2026 Q4 · October 27, 2026+3.8% EPS-0.5% move
- HOODFY2026 Q3 · October 27, 2026+7.5% EPS+1.9% move
- PCARFY2026 Q3 · October 27, 20260.0% EPS-0.6% move
- VFY2026 Q4 · October 27, 2026+1.2% EPS-0.6% move
- FCXFY2026 Q3 · October 27, 2026+8.0% EPS+1.2% move
- HUBBFY2026 Q3 · October 27, 2026+2.8% EPS-5.5% move
Missed on EPS
- ARCCFY2026 Q3 · October 27, 2026-3.4% EPS-0.5% move
- WSOFY2026 Q3 · October 27, 2026-8.0% EPS-1.4% move
- IVZFY2026 Q3 · October 27, 2026-2.7% EPS-0.4% move
- SHWFY2026 Q3 · October 27, 2026-1.6% EPS-2.7% move
- BAFY2026 Q3 · October 27, 2026-33.4% EPS-10.7% move
- AREFY2026 Q3 · October 26, 2026-13401.8% EPS-5.9% move
Get the MANH recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-08-14T15:18:58.321851+00:00
- FN2 earnings calendar · 2026-09-02T01:23:14.593608+00:00
- Polygon adjusted daily market bars · 2026-10-28T07:50:42.859386+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-28T07:50:42.856679+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-28. For educational purposes only; not investment advice.