# Progress Software Q3 Earnings Beat

> Progress Software beats Wall Street with $1.69 EPS despite revenue dip.
- Title: Progress Software Q3 Earnings Beat | Shortify
- Summary: Progress Software beats Wall Street with $1.69 EPS despite revenue dip. Progress Software reported Q3 2026 earnings of $1.69 per share, exceeding forecasts…
- Keywords: progress software corporation, prgs, q3 2026, earnings, non gaap, revenue, Progress, Software, Beat, Alphastreet - Earnings Decoded. Market Intelligence Delivered
- Source: Alphastreet - Earnings Decoded. Market Intelligence Delivered — https://news.alphastreet.com/progress-software-releases-q3-2026-financial-results
- Author: AlphaStreet Newsdesk
- Published: 2026-10-01T11:13:37+00:00
- Read time: 1 min
- Topics: progress software corporation, prgs, q3 2026, earnings, non gaap, revenue
## Q3 Results Beat
Progress Software Corporation reported third-quarter results that topped Wall Street expectations despite a modest revenue decline.
## EPS Performance
Non-GAAP earnings reached $1.69 per share, beating analysts' forecast of $1.52 by 11.2%.
## Revenue Trend
Revenue fell to $246M, missing consensus of $247.6M and down 2.0% from prior-year quarter.
## Annualized Revenue
Annualized Recurring Revenue stood at $873M, reflecting subscription-based business model.
## Full-Year Guidance
Management projects adjusted EPS between $6.15 and $6.23 with revenue in $1.044B to $1.052B for fiscal 2026.
## Market Reaction
Wall Street maintains constructive view with 4 buy ratings, 2 hold ratings, no sell recommendations.
## Key takeaway

Progress Software reported Q3 2026 earnings of $1.69 per share, exceeding forecasts amid modest revenue decline.