Manhattan Associates, Inc. Q3 2026 Earnings Recap

Manhattan Associates reported double-digit revenue growth and raised its 2026 outlook, while the stock rose 1.4% after earnings—a roughly flat reaction. The quarter showed continued cloud and bookings momentum, but the transcript provides limited detail on the revised outlook and 2027 expectations.

Key Takeaways

• Total revenue grew 11%, surpassing $300 million for the first time in a quarter; cloud revenue grew 28% and exceeded services revenue.
• RPO increased 25% to $2.6 billion. The company reported its fourth consecutive quarter of record bookings, and year-to-date deal volume had already surpassed all of 2025.
• New logos accounted for about 35% of new cloud bookings; the reported win rate remained above 70%.
• Management raised its full-year 2026 outlook, but the excerpt does not provide the updated figures. It also offered some color on 2027 without specific targets.
• AI customer examples included a 3PL reducing wave-planning time by 50% and appointment-booking clerical time by 80%, and a retailer cutting invoice-resolution time by over 70%.