Quarterly ResultJul 21, 2026, 04:13 PM
Pegasystems Q2 Revenue $420.7M, +9.4%; Net Income $13.3M, -55.7%
AI Summary
Pegasystems reported Q2 2026 revenue of $420.7 million, a 9.4% increase year-over-year, but net income significantly declined by 55.7% to $13.3 million. Diluted EPS also fell by 52.9% to $0.08. For the first six months of 2026, the company's net income decreased by 60.1% to $46.1 million. The company also repurchased $367.7 million of common stock and provided an update on the Appian lawsuit, with a retrial set for January 2027 and the $25 million letter of credit released.
Key Highlights
- Q2 2026 total revenue increased 9.4% year-over-year to $420.7 million.
- Q2 2026 net income decreased 55.7% year-over-year to $13.3 million.
- Q2 2026 diluted earnings per share was $0.08, down 52.9% year-over-year.
- Six-month 2026 net income decreased 60.1% to $46.1 million.
- Six-month 2026 cash provided by operating activities was $298.2 million.
- Repurchased $367.7 million of common stock (8.9 million shares) in H1 2026.
- Appian lawsuit retrial scheduled for January 11, 2027; $25M letter of credit released.
- Incurred $2.7 million in restructuring costs during Q2 2026.
Price Impact
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