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aol.comOCT 13 min read$PRGS

Progress (PRGS) Q3 2026 Earnings Call Transcript

Progress Software (PRGS) reported Q3 2026 revenue of $246M, down 2% YoY, but EPS rose 13% to $1.69. ARR grew 1% to $873M, and margins improved to 43%. The company acquired Domo for $400M, expecting $280M-$290M in revenue and $100M+ in EBITDA post-integration. Q4 guidance: $297M-$305M revenue, $1.24-$1.33 EPS. Full-year revenue guidance raised to $1.044B-$1.052B. Debt stands at $1.24B, with $60M repaid Q3.

Original reporting
aol.com
Published Oct 1, 2026, 11:43 AM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Oct 1, 2026, 12:51 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
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Progress (PRGS) Q3 2026 Earnings Call Transcript — source image
Source · aol.com
Decision brief

The 30-second read

$PRGSBullishHigh
01

Why it matters

Earnings beat and guidance raise are likely to drive short‑term price appreciation, while integration risks may moderate long‑term outlook.

02

Market read

Primary earnings disclosure with material financial metrics and strategic acquisition details, offering actionable trading insight.

03

What to watch

Potential churn in Domo's seat‑based business and higher debt leverage may limit upside.

Relevance 8/10Novelty 8/10Timing: post‑earnings release today

Background

Progress Software (NASDAQ:PRGS) reported Q3 2026 results, completed the Domo acquisition, and provided full‑year guidance.

Company-level read

Ticker impact

$PRGSBullishHigh confidence
Context

Q3 2026 earnings released with revenue $246M, non‑GAAP EPS $1.69 and full‑year guidance raised, plus Domo acquisition details.

Expected impact

likely upward pressure as market prices in higher revenue and EPS guidance

Evidence & confidence

Strong earnings beat and guidance raise provide a clear, time‑sensitive catalyst for traders.

Market effects

Sector

Signals continued strength in enterprise software and AI‑enabled data platforms, may boost peer valuations.

Regional

U.S. tech sector may see modest lift in the near term.

Global

Limited to software sector; no broad macro impact.

Counterpoint

What could challenge this read

Margin compression from Domo integration could weigh on earnings, suggesting caution despite top‑line beat.

Key entities

  • company
    Progress Software

    Software provider reporting Q3 earnings and Domo acquisition.

  • company
    Domo

    Acquired data platform integrated into Progress Software.

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