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Stocks•1 July 2026•

1 min read

Progress Software forecasts FY2026 EPS between $6.09 and $6.21

Key Facts

1Progress forecasts FY2026 EPS between $6.09 and $6.21 while targeting net leverage of approximately 2.8x.

Progress Software issued its FY2026 financial guidance, forecasting earnings per share between $6.09 and $6.21, while targeting a net leverage ratio of approximately 2.8x. The update comes as part of the company’s regular communication with investors regarding its medium-term targets, without providing immediate details on revenue or expenses.

The guidance arrives as the enterprise software sector focuses on balancing growth with financial discipline. The targeted net leverage of 2.8x is within the typical range for mid-cap software firms that use debt to fund acquisitions or share buybacks without excessive risk.

Progress has not yet released detailed quarterly guidance, and investors will watch first-half 2026 performance to gauge progress toward these goals. Recent U.S. bank stress test results (June 24) may also indirectly affect broader market sentiment.