Manhattan Associates (MANH) Q1 CY2026 Highlights:Revenue: $282.2 million vs analyst estimates of $273.2 million (7.4% year-on-year growth, 3.3% beat)Adjusted EPS: $1.24 vs analyst estimates of $1.11 (11.3% beat)Adjusted Operating Income: $91.46 million vs analyst estimates of $84.68 million (32.4% margin, 8% beat)The company slightly lifted its revenue guidance for the full year to $1.15 billion at the midpoint from $1.14 billionManagement raised its full-year Adjusted EPS guidance to $5.33 at the midpoint, a 4.1% increaseOperating Margin: 23%, down from 24% in the same quarter last yearFree Cash Flow Margin: 28.3%, down from 52.7% in the previous quarterBillings: $301.8 million at quarter end, up 7.8% year on yearMarket Capitalization: $7.93 billionCompany Overview<\/p>\n
Built on a “versionless” cloud architecture that delivers quarterly updates to all customers, Manhattan Associates (NASDAQ:MANH) develops cloud-based software that helps retailers, wholesalers, and manufacturers manage their supply chains, inventory, and omnichannel operations.<\/p>\n
Revenue Growth<\/p>\n
A company\u2019s long-term sales performance is one signal of its overall quality. Even a bad business can shine for one or two quarters, but a top-tier one grows for years. Over the last five years, Manhattan Associates grew its sales at a 13.3% annual rate. Though this growth is acceptable on an absolute basis, we need to see more than just topline growth for the software sector, which can display significant earnings volatility. This means our bar for the sector is particularly high, reflecting the non-essential and hit-driven nature of the products and services offered. Additionally, five-year CAGR starts around Covid, when revenue was depressed then rebounded. <\/p>\n
![\"Manhattan](\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/04\/Manhattan-Associates-Quarterly-Revenue_2026-04-21-201136_igpg.png\"\/)
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Long-term growth is the most important, but within software, a half-decade historical view may miss new innovations or demand cycles. Manhattan Associates\u2019s recent performance shows its demand has slowed as its annualized revenue growth of 7% over the last two years was below its five-year trend. We\u2019re wary when companies in the sector see decelerations in revenue growth, as it could signal changing consumer tastes aided by low switching costs. ![\"Manhattan](\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/04\/Manhattan-Associates-Year-On-Year-Revenue-Growth_2026-04-21-201139_wgju.png\"\/)
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This quarter, Manhattan Associates reported year-on-year revenue growth of 7.4%, and its $282.2 million of revenue exceeded Wall Street\u2019s estimates by 3.3%. <\/p>\n
Looking ahead, sell-side analysts expect revenue to grow 6.1% over the next 12 months, similar to its two-year rate. This projection doesn’t excite us and indicates its newer products and services will not accelerate its top-line performance yet. <\/p>\n
WHILE YOU\u2019RE HERE: The Next Palantir? One satellite company captures images of every point on Earth. Every single day. The Pentagon wants it. Hedge funds are using it to beat earnings. You\u2019ve probably never heard of it.<\/p>\n
This is what the early days of Palantir looked like before it became a $437 billion giant. Same playbook. Different technology. If you missed Palantir, you need to see this. Claim The Stock Ticker for Free HERE<\/a>.<\/p>\n Billings<\/p>\n Billings is a non-GAAP metric that is often called \u201ccash revenue\u201d because it shows how much money the company has collected from customers in a certain period. This is different from revenue, which must be recognized in pieces over the length of a contract. <\/p>\n Manhattan Associates\u2019s billings came in at $301.8 million in Q1, and over the last four quarters, its growth was underwhelming as it averaged 5.8% year-on-year increases. This performance mirrored its total sales and suggests that increasing competition is causing challenges in acquiring\/retaining customers. Customer Acquisition Efficiency<\/p>\n The customer acquisition cost (CAC) payback period measures the months a company needs to recoup the money spent on acquiring a new customer. This metric helps assess how quickly a business can break even on its sales and marketing investments. <\/p>\n Manhattan Associates is extremely efficient at acquiring new customers, and its CAC payback period checked in at 8.7 months this quarter. The company\u2019s rapid recovery of its customer acquisition costs means it can attempt to spur growth by increasing its sales and marketing investments. <\/p>\n Key Takeaways from Manhattan Associates\u2019s Q1 Results <\/p>\n We were impressed by how significantly Manhattan Associates blew past analysts\u2019 operating income expectations this quarter. We were also glad its full-year EPS guidance exceeded Wall Street\u2019s estimates. Zooming out, we think this quarter featured some important positives. The stock traded up 4.8% to $141.50 immediately after reporting. <\/p>\n Manhattan Associates put up rock-solid earnings, but one quarter doesn\u2019t necessarily make the stock a buy. Let\u2019s see if this is a good investment. What happened in the latest quarter matters, but not as much as longer-term business quality and valuation, when deciding whether to invest in this stock. We cover that in our actionable full research report which you can read here (it\u2019s free)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Supply chain software provider Manhattan Associates (NASDAQ:MANH) beat Wall Street\u2019s revenue expectations in Q1 CY2026, with sales up…\n","protected":false},"author":2,"featured_media":195780,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[64513,75,84,83,9,24,63,64512,81311],"class_list":{"0":"post-205207","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-manhattan","8":"tag-financial-analysis","9":"tag-manhattan","10":"tag-manhattan-headlines","11":"tag-manhattan-news","12":"tag-new-york","13":"tag-new-york-city","14":"tag-nyc","15":"tag-stock-market-news","16":"tag-undefined-earnings"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/205207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=205207"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/205207\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/195780"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=205207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=205207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=205207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Manhattan](\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/04\/Manhattan-Associates-Billings_2026-04-21-201142_aewi.png\"\/)
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