SPS Commerce (NASDAQ:SPSC) Issues Q1 2026 Earnings Guidance

SPS Commerce (NASDAQ:SPSC) updated its first quarter 2026 earnings guidance on Thursday. The company provided EPS guidance of 0.950-0.990 for the period, compared to the consensus EPS estimate of 0.970. The company issued revenue guidance of $191.6 million-$193.6 million, compared to the consensus revenue estimate of $197.0 million. SPS Commerce also updated its FY 2026 guidance to 4.420-4.500 EPS.

Analyst Upgrades and Downgrades

SPSC has been the subject of a number of research reports. Needham & Company LLC reissued a “buy” rating and set a $110.00 price target (down previously from $160.00) on shares of SPS Commerce in a report on Friday, October 31st. Robert W. Baird set a $104.00 price objective on shares of SPS Commerce in a research report on Friday, October 31st. Northland Securities set a $109.00 price objective on shares of SPS Commerce in a research note on Friday, October 31st. Weiss Ratings restated a “sell (d+)” rating on shares of SPS Commerce in a research note on Thursday, January 22nd. Finally, Wall Street Zen downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, SPS Commerce presently has an average rating of “Hold” and an average target price of $99.22.

SPS Commerce Stock Down 5.5%

Shares of SPSC stock traded down $3.79 on Thursday, reaching $64.75. 1,672,707 shares of the stock were exchanged, compared to its average volume of 607,989. The stock has a market cap of $2.44 billion, a P/E ratio of 29.04 and a beta of 0.56. The firm has a 50 day moving average of $88.15 and a two-hundred day moving average of $97.73. SPS Commerce has a 1-year low of $64.18 and a 1-year high of $154.76.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings results on Thursday, February 12th. The software maker reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.14. The business had revenue of $192.65 million during the quarter, compared to analyst estimates of $193.60 million. SPS Commerce had a net margin of 11.65% and a return on equity of 12.17%. SPS Commerce has set its FY 2026 guidance at 4.420-4.500 EPS and its Q1 2026 guidance at 0.950-0.990 EPS. On average, equities research analysts predict that SPS Commerce will post 2.73 EPS for the current fiscal year.

Insider Buying and Selling

In other SPS Commerce news, Director Marty M. Reaume sold 1,732 shares of the firm’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $92.26, for a total transaction of $159,794.32. Following the transaction, the director owned 9,158 shares of the company’s stock, valued at approximately $844,917.08. This trade represents a 15.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.98% of the stock is currently owned by insiders.

Key Stories Impacting SPS Commerce

Here are the key news stories impacting SPS Commerce this week:

• Positive Sentiment: Company raised FY‑2026 EPS guidance well above consensus (4.42–4.50 vs. consensus ~4.07), signaling management expects stronger full‑year profitability. FY2026 Guidance & Earnings Release
• Positive Sentiment: Board strengthened with two new independent directors (Michael McConnell and Fumbi Chima), which can be viewed as governance/strategic continuity support. Board Appointments
• Neutral Sentiment: Product update — SPS introduced “MAX” capabilities inside its Agentic Supply Chain Network; incremental product progress that supports long‑term revenue mix but unclear near‑term financial impact. MAX Product Announcement
• Negative Sentiment: Quarterly revenue slightly missed analyst estimates ($192.65M reported vs. $193.6M est.), and Q1‑2026 revenue guidance ($191.6M–$193.6M) is below consensus (~$197M), raising near‑term growth concerns that likely pressured the stock. Earnings & Guidance
• Negative Sentiment: Insider selling: director Marty Reaume sold 1,000 shares (disclosed Feb. 12), which can be perceived negatively alongside the miss/guidance shortfall. Insider Sale
• Negative Sentiment: Analyst consensus is a “Hold” with many recent target cuts and downgrades; the stock is trading well below its 50‑ and 200‑day averages, increasing technical pressure. Analyst Coverage & Ratings

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. lifted its stake 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 last quarter. AQR Capital Management LLC raised its holdings in shares of SPS Commerce by 2.0% during the 1st quarter. AQR Capital Management LLC now owns 14,134 shares of the software maker’s stock valued at $1,876,000 after purchasing an additional 275 shares in the last quarter. NewEdge Advisors LLC lifted 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 during the last quarter. EverSource Wealth Advisors LLC increased its position in SPS Commerce by 137.7% during the second quarter. EverSource Wealth Advisors LLC now owns 649 shares of the software maker’s stock worth $88,000 after buying an additional 376 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in SPS Commerce by 83.2% during the second quarter. First Trust Advisors LP now owns 10,132 shares of the software maker’s stock valued at $1,379,000 after buying an additional 4,602 shares in the last quarter. 98.96% of the stock is currently owned by institutional investors and hedge funds.

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.