Progress Software reported second quarter 2026 revenue of $253 million, a 7% increase year-over-year (6% on a constant currency basis). Annualized Recurring Revenue (ARR) grew 2% year-over-year on a constant currency basis to $868 million. Operating margin was 18% (GAAP) and 40% (non-GAAP). Diluted earnings per share (EPS) increased by 28% to $0.50 (GAAP) and by 16% to $1.62 (non-GAAP) compared to the prior year. Cash from operations (GAAP) was $78.8 million, and Adjusted Free Cash Flow (non-GAAP) was $79.2 million, showing significant year-over-year increases. The company updated its full-year 2026 guidance, raising the revenue range to $990 million $1,002 million and the non-GAAP EPS range to $6.09 $6.21.