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The Descartes Systems Group Earnings Calls
| Release date | Jun 03, 2026 |
| EPS estimate | $0.524 |
| EPS actual | $0.562 |
| EPS Surprise | 7.25% |
| Revenue estimate | 193.567M |
| Revenue actual | 197.93M |
| Revenue Surprise | 2.25% |
| Release date | Mar 11, 2026 |
| EPS estimate | $0.496 |
| EPS actual | $0.520 |
| EPS Surprise | 4.84% |
| Revenue estimate | 191.512M |
| Revenue actual | 192.71M |
| Revenue Surprise | 0.626% |
| Release date | Dec 03, 2025 |
| EPS estimate | $0.456 |
| EPS actual | $0.500 |
| EPS Surprise | 9.67% |
| Revenue estimate | 188.09M |
| Revenue actual | 185.806M |
| Revenue Surprise | -1.21% |
| Release date | Sep 03, 2025 |
| EPS estimate | $0.427 |
| EPS actual | $0.430 |
| EPS Surprise | 0.562% |
| Revenue estimate | 174.158M |
| Revenue actual | 179.655M |
| Revenue Surprise | 3.16% |
Last 4 Quarters for The Descartes Systems Group
Below you can see how DSGX performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Sep 03, 2025 |
| Price on release | $99.51 |
| EPS estimate | $0.427 |
| EPS actual | $0.430 |
| EPS surprise | 0.562% |
| Date | Price |
|---|---|
| Aug 27, 2025 | $99.70 |
| Aug 28, 2025 | $100.00 |
| Aug 29, 2025 | $99.95 |
| Sep 02, 2025 | $98.40 |
| Sep 03, 2025 | $99.51 |
| Sep 04, 2025 | $106.22 |
| Sep 05, 2025 | $107.79 |
| Sep 08, 2025 | $107.44 |
| Sep 09, 2025 | $106.95 |
| 4 days before | -0.191% |
| 4 days after | 7.48% |
| On release day | 6.74% |
| Change in period | 7.27% |
| Release date | Dec 03, 2025 |
| Price on release | $82.96 |
| EPS estimate | $0.456 |
| EPS actual | $0.500 |
| EPS surprise | 9.67% |
| Date | Price |
|---|---|
| Nov 26, 2025 | $82.24 |
| Nov 28, 2025 | $82.42 |
| Dec 01, 2025 | $81.96 |
| Dec 02, 2025 | $82.51 |
| Dec 03, 2025 | $82.96 |
| Dec 04, 2025 | $94.87 |
| Dec 05, 2025 | $92.75 |
| Dec 08, 2025 | $92.39 |
| Dec 09, 2025 | $91.79 |
| 4 days before | 0.88% |
| 4 days after | 10.64% |
| On release day | 14.36% |
| Change in period | 11.61% |
| Release date | Mar 11, 2026 |
| Price on release | $69.10 |
| EPS estimate | $0.496 |
| EPS actual | $0.520 |
| EPS surprise | 4.84% |
| Date | Price |
|---|---|
| Mar 05, 2026 | $71.54 |
| Mar 06, 2026 | $71.74 |
| Mar 09, 2026 | $72.26 |
| Mar 10, 2026 | $70.01 |
| Mar 11, 2026 | $69.10 |
| Mar 12, 2026 | $71.98 |
| Mar 13, 2026 | $72.46 |
| Mar 16, 2026 | $72.13 |
| Mar 17, 2026 | $71.06 |
| 4 days before | -3.41% |
| 4 days after | 2.84% |
| On release day | 4.17% |
| Change in period | -0.671% |
| Release date | Jun 03, 2026 |
| Price on release | $74.11 |
| EPS estimate | $0.524 |
| EPS actual | $0.562 |
| EPS surprise | 7.25% |
| Date | Price |
|---|---|
| May 28, 2026 | $71.76 |
| May 29, 2026 | $73.77 |
| Jun 01, 2026 | $79.85 |
| Jun 02, 2026 | $77.61 |
| Jun 03, 2026 | $74.11 |
| Jun 04, 2026 | $77.91 |
| Jun 05, 2026 | $75.46 |
| Jun 08, 2026 | $75.24 |
| Jun 09, 2026 | $74.80 |
| 4 days before | 3.27% |
| 4 days after | 0.93% |
| On release day | 5.13% |
| Change in period | 4.24% |
The Descartes Systems Group Earnings Call Transcript Summary of Q2 2026
Key points for investors:
- Strong Q2 performance: record quarterly revenue of $179.8M (+10% y/y) and record adjusted EBITDA of $80.2M (+14% y/y). Adjusted EBITDA margin rose to ~44.6% (up ~2 points y/y). Net income was $38.0M ($0.43 per diluted share). Organic services revenue growth estimated at ~4% (ex-acquisitions and FX).
- Cash and balance sheet: cash balance ~ $240M at quarter-end, debt-free with an undrawn $350M credit facility. Generated $63.3M operating cash flow in Q2; excluding ~$5M personnel departure costs, cash conversion was ~86% of adjusted EBITDA. Subsequent to quarter-end, $40M was paid for the Finale Inventory acquisition.
- M&A and product strategy: completed tuck-in acquisition PackageRoute (June) and acquired Finale Inventory (post-quarter) to expand e-commerce/inventory capabilities; earlier acquisition of 3GTMS is contributing. Management continues to pursue targeted acquisitions to complement organic growth.
- Primary growth drivers: Global Trade Intelligence (GTI) — increased demand amid tariff uncertainty; Customs & Regulatory Solutions — uplift from the removal of U.S. de minimis (shift to Type 1/11 filings) and strong demand for Foreign Trade Zone (FTZ) solutions; Transportation Management — MacroPoint visibility, integration with 3GTMS, and fraud-prevention solutions all contributed to growth.
- Q3 baseline calibration & outlook: as of Aug 1, 2025 (using stated FX rates) baseline Q3 revenue ~ $157.5M, baseline operating expenses ~ $96.5M, baseline adjusted EBITDA ~ $61M (~39% of baseline revenue). Company expects to operate within a 40%–45% adjusted EBITDA margin range (subject to mix, FX, acquisitions). Cash-flow conversion is expected to run ~80%–90% of adjusted EBITDA going forward.
- Cost actions & risk factors: restructuring actions completed in Q2 (initial savings realized and more full-quarter run-rate savings to come) to calibrate cost base for uncertain transaction volumes. Key risks remain tariff/legal uncertainty, changing trade policies, sanction activity, and consumer demand reaction to price changes (which could affect shipping volumes).
- Management positioning: Descartes emphasizes its diversified product set across domestic and international logistics, strong recurring revenue mix, network effects (MacroPoint and customs filings), and capital strength to invest and acquire during uncertain markets.
