The Descartes Systems Group shares surge 14.36% intraday on record Q3 earnings and announced share repurchase program.

The Descartes Systems Group surged 14.36% intraday after reporting record Q3 2026 results, including $187.7 million in revenue (up 11% year-over-year) and $85.5 million in adjusted EBITDA (up 19%), alongside a $279 million cash balance with no debt. The company also announced a share repurchase program, signaling confidence in its undervalued stock. Strong performance in services revenue (up 16%) and AI-driven solutions like MacroPoint, which enhance customer retention and monetization, reinforced optimism. A Raymond James upgrade to "Outperform" further amplified the rally, as the firm highlighted Descartes’ defensible network and growth potential in logistics technology.