SPS Commerce (SPSC) Q2 FY26 earnings call

SPS Commerce delivered a strong Q2 FY26, driven by high single-digit growth in its core business and significant adjusted EBITDA expansion. The company divested its 3P revenue recovery business to sharpen focus on strategic 1P suppliers, while its new MAX AI agent is demonstrating tangible ROI for beta customers and is expected to be monetized by late Q4. Management is also enhancing its analytics platform and expects continued ARPU expansion and operational rigor.