Manhattan Associates Inc

Manhattan Associates reported second-quarter 2026 non-GAAP adjusted earnings of $1.39 per share, beating the Zacks Consensus Estimate by 6.11% and increasing 6.1% year over year, while revenues climbed 9.3% to $297.8 million, also beating estimates. The company saw cloud subscription revenues surge 26.2% to $126.7 million, and remaining performance obligations grew to $2.47 billion, up 23% year over year. For full-year 2026, Manhattan Associates raised its revenue guidance to a range of $1.16 billion to $1.166 billion, implying 7-8% growth, and lifted its cloud revenue midpoint to $505.5 million, representing about 24% growth. The company also repurchased approximately 874,029 shares for $125.0 million during the quarter, with about $225 million remaining under its repurchase authority. Shares have gained 5.8% since the earnings report, outperforming the S&P 500, and estimates have trended upward over the past month.

Ford Motor, Teva Pharmaceutical, and Manhattan Associates were among the biggest stock gainers Wednesday, while Parsons led the losers after slashing its guidance. Ford shares rose 8% after the automaker beat Q2 revenue and adjusted EPS estimates and raised its full-year outlook, despite a net loss from one-time charges. Manhattan Associates jumped 25% on better-than-expected Q2 results and strong guidance, and Teva Pharmaceutical gained 10% after raising its 2026 innovative drug portfolio outlook. On the downside, Parsons tumbled 38% after cutting its FY2026 revenue and profit guidance, O-I Glass fell 19% on a Q2 earnings miss and lowered outlook, and Avis Budget Group slid 12% following a revenue and earnings miss.

Several companies made notable premarket moves following their latest quarterly reports. Biogen rose 0.7% after beating revenue consensus and raising its full-year adjusted EPS guidance. GE HealthCare Technologies surged 12% on second-quarter adjusted earnings per share of $1.13, topping the FactSet consensus of $1.04, and reaffirmed its 2026 earnings guidance. Ford Motor jumped 6% after beating adjusted earnings expectations and hiking its 2026 earnings outlook, though automotive revenue slightly missed LSEG estimates. Vertiv tumbled 13% as its 17.8% organic revenue growth fell well short of the 23.6% FactSet consensus. Generac gained 5.5% on adjusted earnings of $2.91 per share, beating the $2.01 forecast, and reiterated its revenue growth guidance. Procter & Gamble dropped over 3% after fiscal fourth-quarter revenue of $21.2 billion missed the $21.38 billion LSEG estimate, and net income fell to $3.04 billion from $3.62 billion a year ago. Deutsche Bank rose more than 2% after posting a record second-quarter after-tax profit of 1.9 billion euros. CoStar tumbled 15% on a revenue miss and current-quarter guidance of $935 million to $945 million, below the $967.5 million consensus. Rocky Brands surged 16% as adjusted earnings per share more than tripled year-over-year, aided by tariff refunds and strong double-digit growth in several brands. KLA Corp slid 7% after issuing disappointing guidance, while Seagate Technology rose 6% on an outlook that trounced expectations, and Western Digital gained 4% in sympathy. Manhattan Associates climbed 11% after beating estimates and raising full-year forecasts. Visa lost 2% as its 2026 guidance underwhelmed, and it announced plans to cut about 2,600 jobs. Teradyne surged 9% on beats across second-quarter results and third-quarter forecasts. NXP Semiconductors lost 1.7% as its third-quarter adjusted earnings guidance bracketed the LSEG estimate. Skyworks Solutions slumped 9% after adjusted margin of 44.9% narrowly missed the 45.0% expectation.

Manhattan Associates raised its full-year 2026 total revenue guidance to between $1.16 billion and $1.166 billion while introducing a new three-tier packaging strategy called Editions for its Manhattan Active solutions. The company reported second-quarter total revenue of $298 million, up 9%, with cloud revenue increasing 26% to $127 million and remaining performance obligations reaching $2.47 billion, a 23% year-over-year rise. CEO Eric Clark said conversions from on-premises to Manhattan Active represented over 40% of new cloud bookings, and the company now expects RPO toward the high end of its $2.62 billion to $2.68 billion target range. The Editions launch, described as a packaging and pricing change rather than a new product line, offers Enterprise Premier, Enterprise, and Essentials tiers aimed at expanding the addressable market. Adjusted earnings per share guidance was raised to $5.44 to $5.50 for the full year, while the company noted that foreign exchange is now expected to be neutral compared with a prior expectation of a one-point tailwind.

Alarm.com posted the biggest analyst estimate beat and highest full-year guidance raise among four tracked vertical software stocks in Q1. The company reported revenues of $265.2 million, up 11% year on year, exceeding analysts' expectations by 5.6%, with strong beats on billings and EBITDA. Manhattan Associates delivered revenues of $282.2 million, up 7.4% year on year and beating estimates by 3.3%, while Bentley Systems grew revenues 14.5% to $424.2 million but missed billings estimates significantly. Guidewire Software achieved the fastest revenue growth at 26.9% to $372.5 million, beating estimates by 4.7%, yet provided the weakest full-year guidance update and saw its stock fall 22.4%. As a group, the four companies beat revenue consensus by 3.7% and guided in line for the next quarter, but their average share price has declined 6.7% since reporting.