SPS Commerce Stock Plummets on Mixed Earnings and Weak Guidance
SPS Commerce (SPSC) shares tumbled 32.84% in pre-market trading after reporting Q3 2025 results that fell short of revenue expectations despite earnings growth. The cloud-based supply chain management firm posted adjusted EPS of $1.13, beating estimates by 13 cents and marking 22.83% YoY growth, while revenue of $189.9 million missed the $192.67 million consensus.
CEO Chad Collins acknowledged macroeconomic headwinds, stating 'Despite ongoing global trade and economic uncertainty... we believe the ever-evolving retail ecosystem will continue to drive the need for supply chain efficiencies.' The company's disappointing Q4 guidance of $1.02 EPS and $194.7 million revenue at the high end further pressured shares, which have now declined 43.53% YTD.
