
Progress Software expects fiscal year 2026 non-GAAP revenue between $988M and $1B, with diluted earnings per share in the range of $5.91 to $6.03 and unlevered free cash flow between $315M and $326M.
Bullish
Progress Software achieved strong Q1 revenue growth and non-GAAP EPS, generated robust cash flow, strengthened its balance sheet, and continues to deliver value through its AI-powered software offerings.
Bearish
Progress Software faces ongoing cyber vulnerability response expenses, an increase in days sales outstanding to 52 days, and risks from unanticipated costs or integration issues with future acquisitions.