From Alphastreet - Earnings Decoded. Market Intelligence Delivered · AlphaStreet Newsdesk · · 1m
Progress Software Beats Q3 Earnings
Progress Software crushes Q3 2026 profit estimates by 11.2%.
In brief
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 estimates by 11.2% despite a 2.0% year-over-year revenue decline. Originally reported by Alphastreet - Earnings Decoded. Market Intelligence Delivered.
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.
Here's the gist
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.
