$CMRC (COMMERCE.COM) — 8-K: Commerce targets 20%+ non-GAAP operating margins by 2027 on $60M–$80M cost cuts

Commerce announced a strategic operating plan expected to generate approximately $60 million to $80 million of annualized cost savings, or $0.73 to $0.97 per diluted share based on the June 30, 2026 share count. The company targets full-year non-GAAP operating margins of at least 20% beginning in 2027. It expects to realize about $3 million, or 4%, of the savings in 2026, with restructuring expenses of $4.2 million to $8.8 million in Q3 2026 and $4.3 million to $17.5 million in Q4 2026. The board also authorized up to $50 million of share repurchases over the next two years.

Commerce announced a strategic operating plan expected to generate approximately $60 million to $80 million of annualized cost savings, or $0.73 to $0.97 per diluted share based on the June 30, 2026 s