Progress Software Corporation Q1 2026 Earnings Highlights
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
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Should l Buy PRGS?
Source: seekingalpha
- Strong Financial Performance: Progress Software reported Q1 2026 revenue of $248 million, a 4% year-over-year increase, with EPS at $1.60, reflecting a 22% rise, showcasing the company's robust growth potential driven by AI innovation.
- Robust Cash Flow: Adjusted free cash flow reached $99 million, significantly up from $73 million in the prior year, indicating strong collection capabilities and enhanced operational efficiency.
- Capital Allocation Strategy: The company paid down $60 million in debt and repurchased $20 million in stock during Q1, demonstrating a firm commitment to maintaining financial health and shareholder returns.
- Optimistic Future Outlook: Management anticipates full-year 2026 revenue between $988 million and $1 billion, with an operating margin of approximately 39%, and plans to continue focusing on debt repayment and share buybacks to further reduce the net leverage ratio.
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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: 27.670
Low
45.00
Averages
45.00
High
45.00
Current: 27.670
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.
PROGRESS SOFTWARE Q1 ADJUSTED EPS REACHES USD 1.6, BEATING IBES ESTIMATE OF USD 1.57
Software Progress: The adjusted software progress for Q1 is reported at USD 1.6 billion.
Comparison with Estimates: This figure exceeds the previous estimate of USD 1.57 billion.
See More
Progress Software Reports Q1 Revenue of $247.799 Million
- Company Overview: Progress Software reported a revenue of USD 247.79 million for the first quarter.
- Financial Performance: The revenue figure indicates a strong performance in the software sector for the company.
See More
Progress Software Set to Announce Q1 Earnings with Strong Estimates
- Earnings Announcement Date: Progress Software is set to announce its Q1 earnings on March 30 after market close, with a consensus EPS estimate of $1.57, reflecting a robust year-over-year growth of 19.8%, indicating sustained profitability.
- Revenue Expectations: The anticipated revenue for Q1 is $246.4 million, representing a 3.5% year-over-year increase, which highlights the company's stable performance in the market, despite a slight deceleration in growth.
- Historical Performance Review: Over the past two years, Progress Software has beaten EPS estimates 100% of the time and has surpassed revenue estimates 75% of the time, demonstrating the company's reliability in financial forecasting.
- Expectation Revision Dynamics: In the last three months, EPS estimates have seen 6 upward revisions and no downward adjustments, while revenue estimates have experienced 5 upward revisions and 1 downward revision, indicating growing analyst confidence in the company's future performance.
See More
Progress Software Corporation Q1 2026 Earnings Highlights
- Strong Financial Performance: Progress Software reported Q1 2026 revenue of $248 million, a 4% year-over-year increase, with EPS at $1.60, reflecting a 22% rise, showcasing the company's robust growth potential driven by AI innovation.
- Robust Cash Flow: Adjusted free cash flow reached $99 million, significantly up from $73 million in the prior year, indicating strong collection capabilities and enhanced operational efficiency.
- Capital Allocation Strategy: The company paid down $60 million in debt and repurchased $20 million in stock during Q1, demonstrating a firm commitment to maintaining financial health and shareholder returns.
- Optimistic Future Outlook: Management anticipates full-year 2026 revenue between $988 million and $1 billion, with an operating margin of approximately 39%, and plans to continue focusing on debt repayment and share buybacks to further reduce the net leverage ratio.
See More
Revised: PROGRESS SOFTWARE Q2 REVENUE FORECAST SET BETWEEN USD 240-246 MILLION (AMOUNT UPDATED)
- Revenue Update: Corrected revenue for Q2 is reported to be between USD 240 million and USD 246 million.
- Correction Notice: The figures provided are corrections to previously reported amounts.
See More
Progress Software Q1 Earnings Beat Expectations
- Earnings Highlights: Progress Software reported a Q1 non-GAAP EPS of $1.60, beating expectations by $0.03, with revenue of $248 million reflecting a 4.2% year-over-year increase, surpassing estimates by $1.6 million, indicating strong market performance.
- FY 2026 Guidance Update: The updated FY 2026 guidance projects revenue between $988 million and $1 billion, with non-GAAP EPS expected to be between $5.91 and $6.03, reflecting the company's confidence in future growth prospects.
- Stable Operating Margins: The operating margin for FY 2026 is anticipated to remain between 16% and 17%, with a non-GAAP margin of 39%, demonstrating the company's ongoing efforts in cost control and efficiency improvements.
- Cash Flow Performance: The expected operating cash flow for FY 2026 is projected to be between $266 million and $278 million, with adjusted free cash flow anticipated at $263 million to $275 million, showcasing the company's robustness in cash management.
See More
PROGRESS SOFTWARE Q1 ADJUSTED EPS REACHES USD 1.6, BEATING IBES ESTIMATE OF USD 1.57
Software Progress: The adjusted software progress for Q1 is reported at USD 1.6 billion.
Comparison with Estimates: This figure exceeds the previous estimate of USD 1.57 billion.
See More
Progress Software Reports Q1 Revenue of $247.799 Million
- Company Overview: Progress Software reported a revenue of USD 247.79 million for the first quarter.
- Financial Performance: The revenue figure indicates a strong performance in the software sector for the company.
See More
Progress Software Set to Announce Q1 Earnings with Strong Estimates
- Earnings Announcement Date: Progress Software is set to announce its Q1 earnings on March 30 after market close, with a consensus EPS estimate of $1.57, reflecting a robust year-over-year growth of 19.8%, indicating sustained profitability.
- Revenue Expectations: The anticipated revenue for Q1 is $246.4 million, representing a 3.5% year-over-year increase, which highlights the company's stable performance in the market, despite a slight deceleration in growth.
- Historical Performance Review: Over the past two years, Progress Software has beaten EPS estimates 100% of the time and has surpassed revenue estimates 75% of the time, demonstrating the company's reliability in financial forecasting.
- Expectation Revision Dynamics: In the last three months, EPS estimates have seen 6 upward revisions and no downward adjustments, while revenue estimates have experienced 5 upward revisions and 1 downward revision, indicating growing analyst confidence in the company's future performance.
See More
Progress Software Corporation Q1 2026 Earnings Highlights
- Strong Financial Performance: Progress Software reported Q1 2026 revenue of $248 million, a 4% year-over-year increase, with EPS at $1.60, reflecting a 22% rise, showcasing the company's robust growth potential driven by AI innovation.
- Robust Cash Flow: Adjusted free cash flow reached $99 million, significantly up from $73 million in the prior year, indicating strong collection capabilities and enhanced operational efficiency.
- Capital Allocation Strategy: The company paid down $60 million in debt and repurchased $20 million in stock during Q1, demonstrating a firm commitment to maintaining financial health and shareholder returns.
- Optimistic Future Outlook: Management anticipates full-year 2026 revenue between $988 million and $1 billion, with an operating margin of approximately 39%, and plans to continue focusing on debt repayment and share buybacks to further reduce the net leverage ratio.
See More
Revised: PROGRESS SOFTWARE Q2 REVENUE FORECAST SET BETWEEN USD 240-246 MILLION (AMOUNT UPDATED)
- Revenue Update: Corrected revenue for Q2 is reported to be between USD 240 million and USD 246 million.
- Correction Notice: The figures provided are corrections to previously reported amounts.
See More
Progress Software Q1 Earnings Beat Expectations
- Earnings Highlights: Progress Software reported a Q1 non-GAAP EPS of $1.60, beating expectations by $0.03, with revenue of $248 million reflecting a 4.2% year-over-year increase, surpassing estimates by $1.6 million, indicating strong market performance.
- FY 2026 Guidance Update: The updated FY 2026 guidance projects revenue between $988 million and $1 billion, with non-GAAP EPS expected to be between $5.91 and $6.03, reflecting the company's confidence in future growth prospects.
- Stable Operating Margins: The operating margin for FY 2026 is anticipated to remain between 16% and 17%, with a non-GAAP margin of 39%, demonstrating the company's ongoing efforts in cost control and efficiency improvements.
- Cash Flow Performance: The expected operating cash flow for FY 2026 is projected to be between $266 million and $278 million, with adjusted free cash flow anticipated at $263 million to $275 million, showcasing the company's robustness in cash management.
See More
