SPS Commerce (NASDAQ:SPSC) Issues Q3 2026 Earnings Guidance

SPS Commerce (NASDAQ:SPSC) issued an update on its third quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.200-1.230 for the period, compared to the consensus EPS estimate of 1.180. The company issued revenue guidance of $196.3 million-$198.3 million, compared to the consensus revenue estimate of $202.4 million. SPS Commerce also updated its FY 2026 guidance to 4.840-4.930 EPS.

SPS Commerce Price Performance

Shares of NASDAQ SPSC traded down $3.57 during mid-day trading on Thursday, hitting $65.83. The company had a trading volume of 527,190 shares, compared to its average volume of 695,214. The business’s 50-day simple moving average is $58.28 and its 200-day simple moving average is $62.47. SPS Commerce has a 12 month low of $49.04 and a 12 month high of $124.08. The firm has a market cap of $2.42 billion, a P/E ratio of 27.43 and a beta of 0.56.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Thursday, July 30th. The software maker reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.19. SPS Commerce had a return on equity of 12.43% and a net margin of 11.92%.The business had revenue of $197.81 million for the quarter, compared to the consensus estimate of $195.46 million. SPS Commerce has set its Q3 2026 guidance at 1.200-1.230 EPS and its FY 2026 guidance at 4.840-4.930 EPS. As a group, sell-side analysts predict that SPS Commerce will post 3.42 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Stifel Nicolaus set a $60.00 price objective on SPS Commerce in a report on Friday, May 1st. DA Davidson set a $55.00 target price on SPS Commerce and gave the company a “neutral” rating in a research note on Wednesday, July 1st. Rothschild & Co Redburn set a $60.00 target price on SPS Commerce and gave the stock a “neutral” rating in a research report on Thursday, April 16th. Weiss Ratings downgraded shares of SPS Commerce from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, July 23rd. Finally, Wall Street Zen lowered shares of SPS Commerce from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $75.82.

Hedge Funds Weigh In On SPS Commerce

Hedge funds and other institutional investors have recently modified their holdings of the stock. Advisors Asset Management Inc. grew its position in SPS Commerce by 39.9% in the first quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker’s stock valued at $52,000 after acquiring an additional 112 shares during the period. AQR Capital Management LLC lifted its holdings in shares of SPS Commerce by 2.0% during the first quarter. AQR Capital Management LLC now owns 14,134 shares of the software maker’s stock valued at $1,876,000 after acquiring an additional 275 shares during the period. NewEdge Advisors LLC boosted its stake in shares of SPS Commerce by 545.7% in the 1st quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock valued at $30,000 after purchasing an additional 191 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of SPS Commerce by 137.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 649 shares of the software maker’s stock valued at $88,000 after purchasing an additional 376 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of SPS Commerce by 83.2% in the 2nd quarter. First Trust Advisors LP now owns 10,132 shares of the software maker’s stock worth $1,379,000 after purchasing an additional 4,602 shares during the last quarter. Institutional investors own 98.96% of the company’s stock.

About SPS Commerce

SPS Commerce, Inc is a leading provider of cloud-based supply chain management solutions that enable seamless collaboration between retailers, suppliers and logistics providers. Through its robust network, SPS Commerce connects trading partners with electronic data interchange (EDI) capabilities, helping businesses automate order processing, inventory management and fulfillment workflows. The company’s platform ensures data accuracy, accelerates order-to-cash cycles and reduces manual intervention, supporting a wide range of industries including retail, grocery, consumer goods and automotive.

The company offers a suite of services encompassing EDI, retail-ready compliance, order management and data analytics.