Quarterly ResultApr 30, 2026, 04:36 PM
SPSC Q1 Revenue +6% to $192.1M; Non-GAAP EPS $1.10; FY26 Guidance
AI Summary
SPS Commerce, Inc. reported solid first quarter 2026 financial results, with revenue growing 6% to $192.1 million and recurring revenue up 7% year-over-year. Non-GAAP diluted EPS increased to $1.10, and Adjusted EBITDA rose 7% to $57.9 million. The company also announced the launch of MAX, its new AI capabilities, and provided optimistic guidance for both the second quarter and the full fiscal year 2026, anticipating continued growth and margin expansion.
Key Highlights
- Q1 2026 revenue grew 6% to $192.1 million from $181.5 million in Q1 2025.
- Recurring revenue increased 7% year-over-year in Q1 2026.
- Q1 2026 non-GAAP income per diluted share was $1.10, up from $1.00 in Q1 2025.
- Adjusted EBITDA for Q1 2026 increased 7% to $57.9 million.
- The company repurchased $47.1 million of shares in Q1 2026.
- Launched MAX, a new set of AI capabilities embedded into supply chain workflows.
- Q2 2026 revenue guidance is $194.5M to $196.5M, representing 4% to 5% growth.
- Fiscal Year 2026 revenue guidance is $796.0M to $802.0M, representing 6% to 7% growth.
Price Impact
More from SPSC