Free tools Windows power users keep installed
One-click scans. No signup required.
Progress Software beat analyst expectations for fiscal Q3 2026 non-GAAP diluted earnings per share by $0.17, but revenue came in about $0.71 million below the cited consensus. The mixed results were for the quarter ended August 31, 2026, and were announced September 30.
Did Progress Software beat earnings estimates?
Yes, on non-GAAP diluted earnings per share. Investing.com reported Progress Software’s adjusted EPS at $1.69, compared with its analyst estimate of $1.52. That is a $0.17 beat. The company reported the $1.69 result; the $1.52 estimate and the beat comparison come from Investing.com, not Progress Software’s filing. Investing.com’s comparison
Revenue missed that same provider’s estimate. Progress reported $246.005 million, while Investing.com listed consensus at $246.72 million—a shortfall of about $0.71 million. Consensus estimates can vary among providers, so this comparison should be read as Investing.com’s estimate rather than a universal market consensus.
What Progress reported for fiscal Q3 2026
The following actual results are from Progress Software’s September 30, 2026 earnings release, filed with the SEC. Progress Software’s SEC-filed earnings release
What’s actually slowing this PC down?
Pick the symptom - the matching free tool is one click away.
#1 Best Overall
| Measure | Fiscal Q3 2026 | Year-earlier quarter |
|---|---|---|
| Revenue | $246.005 million | $249.795 million |
| GAAP diluted EPS | $0.55 | $0.44 |
| Non-GAAP diluted EPS | $1.69 | $1.50 |
| Operating margin | 19% GAAP; 43% non-GAAP | Not stated in the cited release summary |
| Annualized recurring revenue (ARR) | $873 million; up 1% year over year on a constant-currency basis | Not stated in the cited release summary |
Why GAAP and non-GAAP EPS differ
The $1.69 figure behind the headline beat is non-GAAP diluted EPS. Progress also reported GAAP diluted EPS of $0.55, up from $0.44 in the year-earlier quarter. These are different accounting measures, not interchangeable versions of the same reported result: non-GAAP excludes specified items under the company’s stated methodology, while GAAP is the financial reporting basis. Progress provides its non-GAAP explanations and reconciliations in the earnings release, and cautions that non-GAAP measures should be considered alongside GAAP results.
How to read the quarter beyond the estimate comparison
Revenue declined year over year
Revenue fell 2% from $249.795 million a year earlier to $246.005 million. Progress said the decline was 2% on both an actual and constant-currency basis.
Rank #2
- Ideal for Gifting
- Ideal for a bookworm
- Compact for travelling
Recurring revenue grew modestly
ARR was $873 million, up 1% year over year on a constant-currency basis. ARR is a recurring-revenue indicator; it is not the same as revenue recognized during this quarter.
Margins were higher on a non-GAAP basis
Progress reported operating margins of 19% under GAAP and 43% on a non-GAAP basis. The distinction matters for the same reason as the EPS comparison: the adjusted measure excludes items described by the company and does not replace the GAAP result.
Cash and the acquisition update
Cash and cash equivalents totaled $113.7 million at quarter end. The company also said its acquisition of Domo’s AI and Data Platform business had closed; the release does not establish that the acquisition caused this quarter’s results.
What changed in Progress Software’s FY2026 outlook?
After reporting the quarter, Progress raised its full-year 2026 outlook. These are management forecasts, not results already earned.
Rank #4
| FY2026 outlook measure | Updated range |
|---|---|
| Revenue | $1.044 billion–$1.052 billion |
| Non-GAAP diluted EPS | $6.15–$6.23 |
Progress provides separate GAAP and non-GAAP outlook figures; the EPS range shown here is specifically the non-GAAP range. The earnings release also includes the company’s assumptions and reconciliations.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What management said
CFO Anthony Folger characterized execution positively, saying the company achieved year-over-year growth in ARR and adjusted free cash flow and delivered a 43% non-GAAP operating margin. That is management’s assessment of the quarter, rather than an independent evaluation of performance. The announcement and earnings-call information are available through Progress Software Investor Relations.
The Tool Desk
Outbyte Driver Updater FREEScan for outdated or missing drivers - takes under a minuteDriver Scan →Outbyte PC Repair FREERepair Windows errors before they cause bigger problemsFix Now →Best Value
- It can be a gift option
- Comes with secure packaging
- Helpful in various ways
Bottom line on the beat and miss
Progress Software beat Investing.com’s fiscal Q3 2026 non-GAAP EPS estimate by $0.17, while revenue missed that provider’s estimate by about $0.71 million. Revenue also declined 2% year over year, even as non-GAAP EPS rose to $1.69 from $1.50 and constant-currency ARR grew 1%. The results are mixed; the beat applies to the cited non-GAAP EPS comparison, not to every financial measure.
Quick Recap
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
