PROGRESS SOFTWARE $PRGS Q3โ26 EARNINGS HIGHLIGHTS
๐น Revenue: $246M (Est. $247M) ๐ด; -2% YoY
๐น Adj. EPS: $1.69 (Est. $1.51) ๐ข; +13% YoY
๐น ARR: $873M; +1% YoY constant currency
๐น Adj. Oper Margin: 43% (Est. 38.3%) ๐ข; +300 bps YoY
๐น Adj. Free Cash Flow: $87.2M; +17% YoY
FY26 Guide:
๐น Revenue: $1.0B-$1.1B; from $990M-$1.0B
๐น Adj. EPS: $6.15-$6.23; from $6.09-$6.21
๐น Adj. FCF: $275M-$283M; from $271M-$283M
Q4 Guide:
๐น Revenue: $297M-$305M
๐น Adj. EPS: $1.24-$1.33
Key Updates:
๐น Domo acquisition: Acquisition of Domo's AI and Data Platform Business Closed
๐น Buybacks: $14.3M of common stock repurchased
Comments:
๐ธ โWith the recent close of the Domo AI and Data platform acquisition, we are further strengthening our ability to help customers unlock the value of their data and accelerate AI-powered innovation.โ