# Progress Software Beats Q3 Earnings

> Progress Software crushes Q3 2026 profit estimates by 11.2%.
- Title: Progress Software Beats Q3 Earnings | Shortify
- Summary: Progress Software crushes Q3 2026 profit estimates by 11.2%. Progress Software reported Q3 2026 non-GAAP earnings of $1.69 per share, exceeding analyst…
- Keywords: progress software corporation, prgs, q3 2026, earnings, revenue, non-gaap, Progress, Software, Beats, Alphastreet - Earnings Decoded. Market Intelligence Delivered
- Source: Alphastreet - Earnings Decoded. Market Intelligence Delivered — https://news.alphastreet.com/progress-software-crushes-q3-2026-profit-estimates-by-11-2
- Author: AlphaStreet Newsdesk
- Published: 2026-10-01T11:20:55+00:00
- Read time: 1 min
- Topics: progress software corporation, prgs, q3 2026, earnings, revenue, non-gaap
## Solid Beat Delivered
Progress Software Corporation reported Q3 2026 non-GAAP earnings of $1.69 per share, surpassing the $1.52 analyst consensus by 11.2%.
## Revenue Missed Estimate
Revenue of $246 million narrowly missed the $247.6 million Street estimate, with a 2.0% year-over-year decline from $249.8 million in Q3 2025.
## Profitability Stands Out
The company generated adjusted net income of $70.2 million, demonstrating operational strength despite revenue contraction.
## Recurring Revenue Foundation
Annualized Recurring Revenue reached $873 million, providing stability in a challenging market environment.
## Full-Year Guidance
Management issued full-year 2026 guidance for adjusted EPS of $6.15 to $6.23 and revenue of $1.044 billion to $1.052 billion.
## Street Remains Constructive
Wall Street consensus shows 4 buy ratings and 1 hold rating with no sell recommendations for Progress Software.
## Key takeaway

Progress Software reported Q3 2026 non-GAAP earnings of $1.69 per share, exceeding analyst estimates by 11.2% despite a 2.0% year-over-year revenue decline.