Progress Software beats Q2 estimates as revenue rises to $253.5M

Progress Software reported Q2 revenue of $253.5 million, beating consensus by $5.9 million, while earnings per share of $1.62 topped estimates by $0.10.

The company did not provide a CEO or CFO quote in its earnings release.

Revenue of $253.5 million exceeded the $247.6 million analyst consensus, a beat of 2.4 percent. EPS of $1.62 came in above the $1.52 estimate, representing a 6.6 percent upside. The company reported results for its fiscal second quarter ended June 30, 2026.

Progress Software develops application development and data management software for enterprise customers. The beat comes as the company continues to execute against its product roadmap in a competitive enterprise software market. The company did not disclose guidance for the current quarter or full fiscal year.

The earnings beat signals that Progress Software's core business remains stable despite broader enterprise software spending headwinds. Investors will watch for any forward guidance or product announcements in the coming weeks.