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Progress Software Earnings Calls
| Release date | Jun 30, 2026 |
| EPS estimate | $1.49 |
| EPS actual | $1.62 |
| EPS Surprise | 8.72% |
| Revenue estimate | 242.744M |
| Revenue actual | 237.355M |
| Revenue Surprise | -2.22% |
| Release date | Mar 30, 2026 |
| EPS estimate | $1.57 |
| EPS actual | $1.60 |
| EPS Surprise | 1.91% |
| Revenue estimate | 246.41M |
| Revenue actual | 247.799M |
| Revenue Surprise | 0.564% |
| Release date | Jan 20, 2026 |
| EPS estimate | $1.31 |
| EPS actual | $1.51 |
| EPS Surprise | 15.27% |
| Revenue estimate | 252.928M |
| Revenue actual | 252.666M |
| Revenue Surprise | -0.104% |
| Release date | Sep 29, 2025 |
| EPS estimate | $1.30 |
| EPS actual | $1.50 |
| EPS Surprise | 15.38% |
| Revenue estimate | 240.111M |
| Revenue actual | 249.795M |
| Revenue Surprise | 4.03% |
Last 4 Quarters for Progress Software
Below you can see how PRGS performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Sep 29, 2025 |
| Price on release | $42.61 |
| EPS estimate | $1.30 |
| EPS actual | $1.50 |
| EPS surprise | 15.38% |
| Date | Price |
|---|---|
| Sep 23, 2025 | $40.98 |
| Sep 24, 2025 | $41.14 |
| Sep 25, 2025 | $41.20 |
| Sep 26, 2025 | $42.02 |
| Sep 29, 2025 | $42.61 |
| Sep 30, 2025 | $43.93 |
| Oct 01, 2025 | $45.22 |
| Oct 02, 2025 | $46.32 |
| Oct 03, 2025 | $46.17 |
| 4 days before | 3.98% |
| 4 days after | 8.35% |
| On release day | 3.10% |
| Change in period | 12.66% |
| Release date | Jan 20, 2026 |
| Price on release | $38.60 |
| EPS estimate | $1.31 |
| EPS actual | $1.51 |
| EPS surprise | 15.27% |
| Date | Price |
|---|---|
| Jan 13, 2026 | $42.19 |
| Jan 14, 2026 | $41.42 |
| Jan 15, 2026 | $40.92 |
| Jan 16, 2026 | $40.09 |
| Jan 20, 2026 | $38.60 |
| Jan 21, 2026 | $42.70 |
| Jan 22, 2026 | $42.75 |
| Jan 23, 2026 | $42.43 |
| Jan 26, 2026 | $42.89 |
| 4 days before | -8.51% |
| 4 days after | 11.11% |
| On release day | 10.62% |
| Change in period | 1.66% |
| Release date | Mar 30, 2026 |
| Price on release | $28.27 |
| EPS estimate | $1.57 |
| EPS actual | $1.60 |
| EPS surprise | 1.91% |
| Date | Price |
|---|---|
| Mar 24, 2026 | $28.76 |
| Mar 25, 2026 | $27.33 |
| Mar 26, 2026 | $29.17 |
| Mar 27, 2026 | $27.67 |
| Mar 30, 2026 | $28.27 |
| Mar 31, 2026 | $25.65 |
| Apr 01, 2026 | $25.09 |
| Apr 02, 2026 | $25.76 |
| Apr 06, 2026 | $28.40 |
| 4 days before | -1.70% |
| 4 days after | 0.460% |
| On release day | -9.27% |
| Change in period | -1.25% |
| Release date | Jun 30, 2026 |
| Price on release | $33.58 |
| EPS estimate | $1.49 |
| EPS actual | $1.62 |
| EPS surprise | 8.72% |
| Date | Price |
|---|---|
| Jun 24, 2026 | $29.96 |
| Jun 25, 2026 | $29.81 |
| Jun 26, 2026 | $33.15 |
| Jun 29, 2026 | $33.84 |
| Jun 30, 2026 | $33.58 |
| Jul 01, 2026 | $39.16 |
| Jul 02, 2026 | $38.42 |
| Jul 06, 2026 | $38.74 |
| Jul 07, 2026 | $39.21 |
| 4 days before | 12.08% |
| 4 days after | 16.77% |
| On release day | 16.62% |
| Change in period | 30.87% |
Progress Software Earnings Call Transcript Summary of Q2 2026
Progress Software reported a strong Q2 FY26 with revenue of $253M (+7% YoY), ARR of $868M (+2% YoY pro forma), operating margin of 40% and EPS of $1.62, beating guidance across key metrics. Adjusted free cash flow was $79M in the quarter ($178M in H1), DSO improved to 49 days, and net retention was 100%. Management continues aggressive deleveraging (≈$110M repaid in H1, another $220M planned for the year) while maintaining a disciplined share repurchase program (~$75M planned). The company raised full-year guidance to $990M–$1.0B revenue (1%–2.5% growth), ~39% operating margin and EPS $6.09–$6.21. Strategic highlights: continued momentum in the Progress Data Platform (positioned as a key enabler for production AI via governed, AI-ready data and RAG capabilities), new Chef integration for NVIDIA DGX Spark (edge AI infrastructure management), and an M&A posture open to ShareFile-sized deals (10%–25% of revenue) with an AI-relevance filter. Management emphasized focus on strengthening the balance sheet, disciplined M&A, product investment, and driving net retention to 100%. Quarterly variability is influenced by subscription renewal timing and past ShareFile integrations, but the company expects durable recurring revenue, strong margins and continued cash generation.
