Descartes Systems' Q2 Print May Slightly Exceed Expectations on Healthy Organic Growth, Margins, RBC Says

12:16 PM EDT, 09/04/2026 (MT Newswires) -- Descartes Systems' (DSGX) Q2 print may slightly exceed expectations aided by healthy organic growth and margins, RBC Capital Markets said in a Friday research note. The technology company's quarterly revenue may exceed RBC estimate of $200 million and consensus of $199 million, while adjusted earnings before interest, taxes, depreciation and amortization may exceed RBC and consensus estimate of $92 million, according to the note. Descartes Systems is scheduled to report its Q2 earnings on Sept. 10. RBC further forecasted Q2 constant currency organic growth of 9%, driven by upselling, market share gains, e-commerce momentum, as well as increased adoption of customs filing solutions. Descartes Systems' new AI offerings are slated to be a tailwind for organic growth over the medium-term, RBC said. Looking ahead, RBC said Q3 is likely tracking to $216 million in revenue and $99 million in adjusted EBITDA, above consensus of $206 million and $96 million, respectively, on account of continued organic growth and $11 million revenue contribution from recent acquisitions. RBC maintained its outperform rating and a $126 price target on the company's stock. Price: 78.90, Change: -1.85, Percent Change: -2.29