Progress Software Reports Fiscal Second Quarter 2026 Financial Results
Rhea-AI Summary
Progress Software (Nasdaq: PRGS) reported fiscal second quarter 2026 results for the period ended May 31, 2026. Detailed earnings information and a supplemental slide presentation are available on the Progress investor relations site.
The company will host a results and outlook conference call on June 30, 2026 at 5:00 p.m. Eastern Time, with live webcast, phone access via online registration, and a replay and supporting materials available afterward.
AI-generated analysis. Not financial advice.
Positive
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Negative
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Key Figures
Peers on Argus
PRGS was up pre-announcement, while only one momentum-screened peer (TUYA) showed a modest upward move. Other close peers had mixed, mostly small changes, pointing to stock-specific factors rather than a broad sector swing.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Sep 29 | Quarterly earnings | Positive | +3.1% | Strong Q3 2025 growth, higher ARR, raised FY2025 guidance and buyback boost. |
| Jun 30 | Quarterly earnings | Positive | -13.0% | Q2 2025 beat with robust ARR, guidance raised and debt reduction progress. |
| Mar 31 | Quarterly earnings | Positive | +12.1% | Q1 2025 revenue and ARR growth, solid non-GAAP margins and cash position. |
| Jan 21 | Earnings & guidance | Positive | -9.9% | Strong Q4 and 2024 results, ARR growth and FY2025 guidance despite dividend halt. |
| Nov 26 | Product release | Neutral | -0.4% | Q4 2024 Telerik and Kendo UI release with broad framework and UX updates. |
Earnings-related releases for PRGS have produced mixed reactions, with both strong rallies and sharp selloffs following generally positive fundamentals.
Historical Comparison
In the past year, PRGS earnings releases have averaged a -1.6% move with mixed direction, showing that even strong fundamental updates can trigger volatile and sometimes counterintuitive price reactions.
Recent earnings history shows consistent double-digit revenue and ARR growth, repeated guidance raises, and ongoing integration of acquisitions like ShareFile to support an AI-focused, recurring-revenue model.
Regulatory & Risk Context
Reported short interest reflects relatively low bearish positioning, suggesting constrained short-squeeze potential and generally moderate volatility driven more by fundamentals and news flow than crowded short bets.
Market Pulse Summary
This announcement confirms fiscal Q2 2026 results and a 5:00 p.m. ET call, extending a history of generally strong earnings but mixed stock reactions. Recent insider net selling and prior post-earnings volatility remain key risk factors to monitor.
AI-generated analysis. Not financial advice.
BURLINGTON, Mass., June 30, 2026 (GLOBE NEWSWIRE) -- Progress Software (Nasdaq: PRGS), a member of the Russell 2000 Index and a trusted provider of AI-powered digital experience and infrastructure software, today announced its financial results for the fiscal second quarter ended May 31, 2026.
The company’s earnings release and a supplemental slide presentation can be accessed via the Investor Events & Presentations link on the Progress Investor Relations webpage. Progress will host a conference call today at 5:00 p.m. Eastern Time to discuss its results and outlook.
Conference Call Details
- A live webcast of the call will be available at this link.
- To access the conference call by phone, use this link to retrieve dial-in details. Participants are encouraged to dial in 15 minutes before the scheduled start time.
- A replay of the conference call and supporting materials will be available on the Progress Investor Relations webpage following the live event.
About Progress Software
Progress Software (Nasdaq: PRGS) empowers organizations to achieve transformational success in the face of disruptive change. Our software enables our customers to develop, deploy and manage responsible AI-powered applications and personalized digital experiences with agility and ease. Businesses of all sizes get a trusted provider in Progress, with the products, expertise and vision they need to turn AI disruption into a competitive advantage. Millions of developers and technologists at hundreds of thousands of organizations depend on Progress every day. Learn more at www.progress.com.
Progress is a trademark or registered trademark of Progress Software Corporation and/or its subsidiaries or affiliates in the U.S. and other countries. Any other names contained herein may be trademarks of their respective owners.
| Investor Contact: | Press Contact: | |
| Michael Micciche | Jeff Young | |
| Progress Software | Progress Software | |
| +1 781-850-8450 | +1 781-280-4000 | |
| Investor-Relations@progress.com | PR@progress.com | |
Source: Progress Software Corporation
