PRGS Progress Software Corp.

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Progress Software Beat Expectations, Provides Mixed Guidance

Wednesday, September 30, 2026 · 4:05 PM ET

Progress Software (PRGS) reported earnings of $1.69 per share on revenue of $246.01 million for the fiscal third quarter ended August 2026. The consensus earnings estimate was $1.49 per share on revenue of $247.16 million. The Earnings Whisper number was $1.60 per share. The company beat expectations by 5.63% while revenue fell 1.52% compared to the same quarter a year ago.

The company said it expects fourth quarter non-GAAP earnings of $1.24 to $1.33 per share on revenue of $297.0 million to $305.0 million. The current consensus earnings estimate is $1.41 per share on revenue of $251.36 million for the quarter ending November 30, 2026.

Progress provides software that enables organizations to develop and deploy their mission-critical applications and experiences, as well as effectively manage their data platforms, cloud and IT infrastructure.

Earnings Whisper Grade
Power Rating
Reported Earnings
$1.69
Earnings Whisper®
$1.60
Consensus Estimate (non-GAAP)
$1.49
Earnings Surprise
Earnings Growth15.0 %
Reported Revenue
$246.01M
Revenue Estimate
$247.16M
Revenue Surprise
Revenue Growth-1.5 %

*Reported earnings and revenue figures shown above, and any guidance given, are preliminary and may be updated upon further review.*

Progress Software Reports Fiscal Third Quarter 2026 Financial Results

BURLINGTON, Mass., Sept. 30, 2026 (GLOBE NEWSWIRE) -- Progress Software (Nasdaq: PRGS), a member of the Russell 2000 Index and an AI infrastructure software leader, today announced its financial results for the fiscal third quarter ended on August 31, 2026.

The company’s earnings release and a supplemental slide presentation can be accessed via the Investor Events & Presentations link on the Progress Investor Relations webpage. Progress will host a conference call today at 5:00 p.m. ET to discuss its results and outlook.

Conference Call Details

  • A live webcast of the call will be available at this link.
  • To access the conference call by phone, use this link to retrieve dial-in details. Participants are encouraged to dial in 15 minutes before the scheduled start time.
  • A replay of the conference call and supporting materials will be available on the Progress Investor Relations webpage following the live event.

About Progress Software
Progress Software (Nasdaq: PRGS) provides the context and control organizations need to reliably extract value from AI—context drawn from an organization's data, content and workflows, and control over the security, governance and cost of their AI initiatives. Learn how hundreds of thousands of businesses, powering the work of tens of millions of professionals worldwide, realize value from trusted, enterprise-ready AI at www.progress.com.

Progress is a trademark or registered trademark of Progress Software Corporation and/or its subsidiaries or affiliates in the U.S. and other countries. Any other names contained herein may be trademarks of their respective owners.  

Investor Contact:Press Contact:
Michael MiccicheJeff Young
Progress SoftwareProgress Software
+1 781-850-8450+1 781-280-4000
Investor-Relations@progress.comPR@progress.com


Source: Progress Software Corporation


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Source: Progress Software Corporation