SPS Commerce (SPSC) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $1.39
- Estimate
- $1.23
- Surprise
- +13.0%
- Revenue (period 2026-09-30)
- $197.6M
- Score at report (before → after)
- 6.1 → 6.0/10
Revenue source: xbrl.
How the report landed
SPS Commerce (SPSC) beat the $1.23 estimate with adjusted EPS of $1.39 — a large 13.0% upside surprise. TrendMatrix's engine moved from Buy (Wait) (6.1/10) to Sell at 6.0/10 after the report — the engine's score fell despite the beat.
Coverage in the report window
- SPS Commerce Sees Q4 GAAP EPS $0.74-$0.79 vs $0.82 Est — benzinga, 2026-10-29
- SPS Commerce Raises FY2026 Adj EPS Guidance from $4.84-$4.93 to $5.05-$5.11 vs $4.90 Est; Lowers FY2026 Sales Guidance f — benzinga, 2026-10-29
Where TrendMatrix's rating stands now
TrendMatrix currently rates SPSC Sell at 6.0/10.
4 of the last 4 quarters beat the estimate; this quarter's +13.0% surprise compares with a +13.6% four-quarter average.
What supports the rating
- Strong earnings beat streak (4/4)
- Positive insider activity
What argues against it
- Concentration risk — Product: cloud-based supply chain management products
- Analyst target reached - limited upside remaining
- Sector modifier (Technology): -0.8
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $85.78
- Stop
- $79.92
The stock trades at 41.4× trailing but 16.1× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-10-30 — shown for context, not personalized investment advice.
SPSC at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Software - Application
- Market cap
- $3.09B
- P/E (fwd)
- 16.1
- P/E (ttm)
- 41.4
- 52-week range
- $49.04–$106.50
- Off 52-week high
- 19.5%
- RSI (14)
- 53
- Volume vs avg
- 1.37×
- Score today
- 6.0/10