PROGRESS SOFTWARE $PRGS Q3’26 EARNINGS HIGHLIGHTS
🔹 Revenue: $246M (Est. $247M) 🔴; -2% YoY
🔹 Adj. EPS: $1.69 (Est. $1.51) 🟢; +13% YoY
🔹 ARR: $873M; +1% YoY constant currency
🔹 Adj. Oper Margin: 43% (Est. 38.3%) 🟢; +300 bps YoY
🔹 Adj. Free Cash Flow: $87.2M; +17% YoY
FY26 Guide:
🔹 Revenue: $1.0B-$1.1B; from $990M-$1.0B
🔹 Adj. EPS: $6.15-$6.23; from $6.09-$6.21
🔹 Adj. FCF: $275M-$283M; from $271M-$283M
Q4 Guide:
🔹 Revenue: $297M-$305M
🔹 Adj. EPS: $1.24-$1.33
Key Updates:
🔹 Domo acquisition: Acquisition of Domo's AI and Data Platform Business Closed
🔹 Buybacks: $14.3M of common stock repurchased
Comments:
🔸 “With 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.”