Short answer
PROGRESS SOFTWARE CORP /MA (PRGS) filed an 8-K current report with the SEC on June 30, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item 7.01 (Regulation FD Disclosure), Item EX-99.1 (Exhibit EX-99.1). Fiscal Q2 2026 results for quarter ended May 31, 2026.
PROGRESS SOFTWARE CORP /MA 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.02 · Results of Operations and Financial Condition
- Fiscal Q2 2026 results for quarter ended May 31, 2026
- Press release issued June 30, 2026 and attached as Exhibit 99.1
- Investors should review Exhibit 99.1 for financial results and management commentary
Item 7.01 · Regulation FD Disclosure
- Supplemental investor data tied to Exhibit 99.1, available before the live conference call
- Investors should review Exhibit 99.2 for additional operating and financial context
- Disclosure furnished under Regulation FD, supporting equal market access to the information
Item EX-99.1 · Exhibit EX-99.1
- Q2 FY2026 revenue $253.5M, up 7%, with software licenses up 36% while maintenance, SaaS, and services declined 1%
- GAAP diluted EPS $0.50, up 28%, and non-GAAP EPS $1.62, up 16%; GAAP operating margin improved to 18% from 16%
- ARR $868M, up 2%, and net retention 100%, signaling stable recurring revenue but limited customer expansion
- Operating cash flow $78.8M, up 163%; share repurchases reached $35M during the quarter
- FY2026 revenue guidance raised to $990M–$1,002M, while non-GAAP EPS guidance increased to $6.09–$6.21
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