Kinaxis (KXS) Q2 2026 earnings summary

Executive summary

• Achieved record Q2 2026 performance with 16% total revenue growth to $158.8M and 20% SaaS revenue growth to $106.5M, driven by innovation, AI-enabled supply chain solutions, and customer expansion.

• Annual Recurring Revenue (ARR) increased 19% year-over-year to $465.6M, with remaining performance obligations up 18% to $983.5M.

• Launched new Maestro platform features, including Maestro Agents and AI-driven orchestration, now adopted by 10% of customers.

• Recognized as a leader in supply chain planning by ISG and made key leadership appointments in marketing and finance.

• Significant customer wins and expansions across consumer manufacturing, life sciences, industrials, and high-tech sectors.

Financial highlights

• Total Q2 2026 revenue reached $158.8M (up 16% year-over-year); SaaS revenue was $106.5M (up 20% year-over-year).

• Adjusted EBITDA rose 23% to $41.4M, with a margin of 26%, up from 25% a year ago.

• Gross profit increased 19% to $104.4M; gross margin improved to 66%.

• Profit for the quarter was $21.2M, with diluted EPS of $0.76, up 19% year-over-year.

• Free cash flow margin for Q2 was 18%, with operating cash flow at $30.7M, up 36% year-over-year.

Outlook and guidance

• Full-year 2026 total revenue guidance raised to $625M–$640M, representing 14%–17% growth.

• SaaS revenue growth expected at 18%–20% ($427M–$434M).

• Adjusted EBITDA margin guidance reaffirmed at 25%–26%.

• FX headwinds expected to impact total revenue by $4M–$4.5M and SaaS revenue by $2.5M–$3M for the year.