From Alphastreet - Earnings Decoded. Market Intelligence Delivered · AlphaStreet Newsdesk · · 50s
Progress Software Q3 Earnings Beat
Progress Software beats Wall Street with $1.69 EPS despite revenue dip.
In brief
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 amid modest revenue decline. Originally reported by Alphastreet - Earnings Decoded. Market Intelligence Delivered.
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.
The essence
Progress Software reported Q3 2026 earnings of $1.69 per share, exceeding forecasts amid modest revenue decline.
