Canada's Kinaxis Q3 SaaS revenue rises, lifts 2026 outlook

Overview

• Canada supply chain software firm's Q3 ARR rose 19% yr/yr

• Q3 SaaS revenue grew 22% yr/yr

• Company raised full-year 2026 revenue, SaaS growth, and EBITDA margin outlook

Outlook

• Kinaxis raises 2026 total revenue outlook to $640 mln-$650 mln

• Company lifts 2026 SaaS revenue growth guidance to 20%-21% year-over-year

• Kinaxis now sees 2026 adjusted EBITDA margin at 26.5%-27.5%

Result Drivers

• CUSTOMER MOMENTUM - Co said growth was driven by momentum among new and existing customers

• PRODUCT ADOPTION - Co reported strong adoption of Maestro and other solutions across industries

• AI AND OPTIMIZATION CAPABILITIES - Co launched new AI and optimization features in Maestro to improve customer adoption

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the software peer group is "buy"

• Wall Street's median 12-month price target for Kinaxis Inc is C$210.00, about 6.2% above its November 4 closing price of C$197.71

• The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 25 three months ago

Reuters Recommended Reads

• Nov 4 - Canada's WSP Global Q3 revenue rises 16.6%, beats estimates

• Nov 4 - Canada's Lumine Group Q3 revenue jumps 55% on acquisitions, organic growth

• Nov 3 - Dynatrace Q2 revenue beats estimates, sets $1 bln additional buyback

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)