SPS Commerce (SPSC) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Jul 23, 2026

After Close (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

1.08

Last Year’s EPS

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 11 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:Apr 30, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call presents a constructive long-term narrative driven by recurring revenue growth, strong adjusted EBITDA, cash generation and active buybacks, accelerating product velocity and promising early results from the MAX AI beta (400 customers, tangible ROI examples). However, material near-term headwinds tied to Amazon policy changes and an upcoming subscription fee for small 3P customers create customer-count churn risk and moderate near-term growth (Q2 guidance ~4% YoY), offsetting some optimism. Management expects the Amazon-specific pressure to trough by late 2026 with reacceleration thereafter and is emphasizing AI-driven efficiency and cross-sell to sustain mid/long-term high-single-digit growth (excluding Amazon). Overall, positives (product momentum, margin initiatives, buybacks and guidance for full-year growth and EBITDA expansion) modestly outweigh the identifiable near-term Amazon-related risks.

Company Guidance

Management guided Q2 2026 revenue of $194.5–$196.5M (≈4% YoY at the midpoint), adjusted EBITDA of $60.9–$62.4M, GAAP diluted EPS of $0.53–$0.56 (≈37.3M diluted shares), and non‑GAAP diluted income per share of $1.06–$1.09 with Q2-level stock‑based compensation of ≈$19M, depreciation ≈$5.2M and amortization ≈$9.4M; for full‑year 2026 they forecast revenue of $796–$802M (≈6% growth at the midpoint), adjusted EBITDA of $262.8–$267.3M (≈14–16% growth), GAAP diluted EPS of $2.66–$2.69 (≈37.3M shares), and non‑GAAP diluted income per share of $4.73–$4.76 with annual stock‑based compensation ≈$69.8M, depreciation ≈$23M, amortization ≈$37.4M and an approximate 30% effective tax rate on GAAP pre‑tax earnings; management also reiterated continued Amazon 3P headwinds, plans a $19.99/month 3P platform fee rolling out in Q2–Q3 that could reduce the 3P supplier base by up to ~4,000 (but is not expected to be material to revenue).

Top-line Growth

Q1 revenue grew 6% year-over-year to $192.1 million; recurring revenue grew 7% YoY, driven by Fulfillment growth of 8%.

Profitability and Cash Deployment

Adjusted EBITDA increased to $57.9 million in Q1. The company ended the quarter with $154 million in cash and cash equivalents and repurchased $47.1 million of shares (nearly 100% of free cash flow) under a board-authorized program up to $300 million.

Recurring Customer Base and ARPU

Total recurring revenue customers ~54,200 in Q1 with average revenue per user (ARPU) of approximately $13,550.

AI Product Momentum (MAX Beta)

MAX AI agent beta has 400 customers; case studies show material operational impact (e.g., Siete Foods: MAX projected to protect up to 8% of revenue from stockouts). MAX is reducing manual investigations, surfacing root causes, and accelerating onboarding and engineering cycles (onboarding reduced from weeks to days in early examples).

Cross-Sell and Platform Synergies

Demonstrable cross-selling momentum: Fulfillment customers expanding into revenue recovery and vice versa; customer examples include Siete Foods and Explore Scientific. Walmart Fulfillment customers can now recover overages directly in the SPS platform, illustrating integrated platform value.

Full-Year Financial Guidance

Full-year 2026 guidance: revenue $796M–$802M (~6% growth at midpoint) and adjusted EBITDA $262.8M–$267.3M (approximately 14%–16% growth over 2025). Q2 2026 revenue guidance $194.5M–$196.5M (~4% YoY at midpoint).

Operational Levers and Margin Initiatives

Management highlighted AI-driven internal efficiency gains across product engineering, onboarding, sales & marketing and G&A as levers to improve unit economics and sustain margin expansion; long-term mid/high-single-digit organic growth target remains intact excluding Amazon headwinds.

Product and GTM Acceleration

Agent-driven development has accelerated product velocity and enabled new go-to-market motions (MAX Connect, APIs/MCP for agent-to-agent workflows). Investments in ERP integrations (e.g., NetSuite) and analytics enhancements aim to increase ARPU over time.

SPS Commerce (SPSC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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SPSC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 23, 2026	2026 (Q2)	1.08 / -	1	―	―	―
Apr 30, 2026	2026 (Q1)	1.02 / 1.10	1	10.00% (+0.10)	―
Feb 12, 2026	2025 (Q4)	1.01 / 1.14	0.89	28.09% (+0.25)
Oct 30, 2025	2025 (Q3)	1.05 / 1.13	0.92	22.83% (+0.21)
Jul 30, 2025	2025 (Q2)	0.91 / 1.00	0.8	25.00% (+0.20)
Apr 24, 2025	2025 (Q1)	0.85 / 1.00	0.86	16.28% (+0.14)
Feb 10, 2025	2024 (Q4)	0.87 / 0.89	0.75	18.67% (+0.14)
Oct 24, 2024	2024 (Q3)	0.83 / 0.92	0.75	22.67% (+0.17)
Jul 25, 2024	2024 (Q2)	0.77 / 0.80	0.69	15.94% (+0.11)
Apr 25, 2024	2024 (Q1)	0.73 / 0.86	0.67	28.36% (+0.19)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SPSC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 30, 2026	$56.12	$58.92	+4.99%
Feb 12, 2026	$64.75	$61.92	-4.37%
Oct 30, 2025	$103.89	$82.24	-20.84%
Jul 30, 2025	$139.56	$108.86	-22.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.