Progress Software Q3 EPS Beats, Raises FY26 Revenue Guidance to $1.044B-$1.052B
PRGS sits 62% above its 52-week low of $23.82 on elevated volume (2.0× avg).
Summary
Progress Software beat Q3 EPS expectations, raised FY26 revenue guidance to $1.044B-$1.052B, confirmed the Domo acquisition closed with ~3.8x net leverage at close, and guided Q4 revenue to $297M-$305M with a GAAP loss per share of 32c-41c.
Updated with a Dow Jones Newswires report · What changed
Updates
· Dow Jones Newswires — Progress Software sees Q4 revenue of $297M-$305M and a Q4 GAAP loss per share of 32c-41c.
Key Events · Earnings and Guidance · PRGS
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Updated · · Dow Jones Newswires
Q4 GAAP EPS Guided to Loss and Revenue Guided
Q4 FY26 GAAP diluted EPS guided to a loss of $(0.41)-$(0.32), reflecting acquisition-related amortization and restructuring costs; non-GAAP EPS guided to $1.24-$1.33. Q4 revenue is guided to $297M-$305M.
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Q3 EPS Beats Guidance
Non-GAAP diluted EPS of $1.69 exceeded the high end of prior guidance of $1.53-$1.59; GAAP diluted EPS of $0.55 rose 25% YoY.
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FY26 Revenue Guidance Raised
Full-year revenue guidance raised to $1,044M-$1,052M from $990M-$1,002M, a ~$50M midpoint increase; non-GAAP EPS guidance raised to $6.15-$6.23.
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Domo Acquisition Closed
The $400M all-cash acquisition of Domo's AI and data platform business closed September 22, 2026, with $390M drawn on the revolver and net leverage of ~3.8x at close (~2.9x pro forma).
Analysis · PRGS · Technology
Progress Software delivered a strong Q3 with non-GAAP EPS of $1.69, well above the $1.53-$1.59 guidance range, and raised full-year revenue guidance by roughly $50M at the midpoint to $1.044B-$1.052B. The Domo acquisition closed on September 22, adding $390M in revolver debt and pushing net leverage to ~3.8x at close, though pro forma leverage drops to ~2.9x. The company also lowered GAAP EPS guidance for FY26 to $1.18-$1.28 from $1.60-$1.74, reflecting acquisition-related amortization and restructuring costs, while Q4 GAAP EPS is guided to a loss of $(0.41)-$(0.32). Q4 revenue is guided to $297M-$305M. The market-moving elements are the revenue guidance raise and the confirmation that the Domo integration is underway with manageable leverage.
How filings like this one have moved
In the 30 days to Oct 4, 2026, 29.1% of the 1575 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.60%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PRGS was trading at $38.50 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.6B. The 52-week trading range was $23.82 to $47.37. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.