Progress Software Reports Q4 Earnings Beat and Strong 2026 Guidance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 20 2026
0mins
Should l Buy PRGS?
Source: Benzinga
- Earnings Beat: Progress Software's Q4 earnings per share reached $1.51, surpassing the market expectation of $1.31, reflecting the company's ongoing improvement in profitability and boosting investor confidence.
- Revenue Miss: Quarterly revenue stood at $252.67 million, slightly below the consensus estimate of $252.86 million, yet demonstrating the company's resilience in maintaining stable revenue streams.
- ARR Growth: Annualized Recurring Revenue (ARR) hit $852 million, marking a 2% year-over-year increase, indicating the company's success in customer relationship management and product innovation, further solidifying its market position.
- Positive Outlook: The company anticipates fiscal 2026 adjusted EPS between $5.82 and $5.96, exceeding the analyst estimate of $5.53, showcasing strong growth potential and market confidence.
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Analyst Views on PRGS
Wall Street analysts forecast PRGS stock price to rise
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 38.850
Low
45.00
Averages
45.00
High
45.00
Current: 38.850
Low
45.00
Averages
45.00
High
45.00
About PRGS
Progress Software Corporation is a provider of artificial intelligence (AI)-powered digital experience and infrastructure software. The Company provides software products that enable its customers to develop, deploy and manage responsible AI-powered applications and digital experiences. It also offers retrieval-augmented generation (RAG) -as-a-service products, enabling organizations to automatically leverage their own proprietary business information to retrieve verifiable, accurate answers using GenAI. Its products include Sitefinity, Corticon, MOVEit, ShareFile, Podio, Kendo UI, Telerik, Kemp LoadMaster, Flowmon, WhatsUp Gold, Chef Infrastructure Management, Chef Desktop, Chef App Delivery, MarkLogic, Semaphore, OpenEdge, DataDirect Connectors, Hybrid Data Pipeline, OpenAccess, and MOVEit Cloud. Corticon is a decision automation platform that transforms user experiences by streamlining and automating complex business rules without having to code.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Cash Flow Growth: Operating cash flow skyrocketed 220% to $62.8 million, reflecting the company's success in financial management and operational efficiency, which is expected to provide strong support for future investments and expansions.
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- Active Call Options Trading: The $47.50 strike call option expiring on February 20, 2026, recorded a trading volume of 2,192 contracts today, representing approximately 219,200 underlying shares, indicating optimistic sentiment among investors regarding PRGS's future performance.
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