Progress Software beats on Q3 adjusted EPS, misses on sales; raises FY2026 sales and adjusted EPS guidance but cuts GAAP EPS outlook

Progress Software reported Q3 adjusted EPS of $1.69, beating the $1.51 estimate, on sales of $246.005M that missed the $247.325M estimate. It raised FY2026 sales guidance to $1.044B-$1.052B and adjusted EPS to $6.15-$6.23, while cutting FY2026 GAAP EPS guidance to $1.18-$1.28.

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