Pegasystems Inc. (PEGA) Earnings
Pegasystems Inc. is expected to report next earnings on July 28, 2026 (in NaN days), with a consensus EPS estimate of $0.43. PEGA has beaten EPS estimates in 9 of its last 12 reported quarters (average surprise +66.5% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 22, 2026 | $0.65 | $0.46 | -29.1% | $430M | -5.6% |
| Oct 21, 2025 | $0.18 | $0.30 | +66.7% | $381M | -22.9% |
| Jul 22, 2025 | $0.24 | $0.28 | +14.7% | $385M | +6.3% |
| Apr 22, 2025 | $0.24 | $0.76 | +213.8% | $476M | +33.2% |
| Feb 12, 2025 | $1.47 | $1.61 | +9.5% | $491M | +4.1% |
| Oct 23, 2024 | $0.35 | $0.39 | +11.4% | $325M | -31.4% |
| Jul 24, 2024 | $0.23 | $0.52 | +126.1% | $351M | +3.2% |
| Feb 14, 2024 | $1.00 | $1.77 | +77.0% | $474M | +14.7% |
| Oct 25, 2023 | $0.01 | $0.44 | +8700.0% | $335M | +12.8% |
| Jul 26, 2023 | $0.05 | $0.01 | -80.0% | $298M | -4.4% |
| Feb 15, 2023 | $0.09 | $0.82 | +811.1% | $396M | +18.2% |
| Oct 26, 2022 | $-0.25 | $-0.34 | -36.0% | $271M | -4.2% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 22, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Alan Treffler discusses the importance of using AI correctly in enterprise workflows, highlighting Blueprint's role in reimagining work, designing with AI augmented tooling, and enabling collaboration. Pega has received industry recognition, with customers like Proximus using Pega to modernize applications. Plans for PegaWorld in June and a strong product agenda with AI-driven guidance across development and support are mentioned.
Guidance
Pega expects a more typical seasonal business rhythm. Pega Cloud ACV growth is displacing term and maintenance ACV. Capital is allocated with a focus on long-term growth and returning cash to shareholders. AI usage is shifting to the ROI stage, aligning with Pega's outcome-based pricing model.
Segment performance
Pega Cloud revenue in Q1 2026 increased from $151 million to $205 million year over year, and grew 30% on a trailing 12-month basis. PegaCloud ACV grew 29% year over year and 27% in constant currency to just over $900 million, representing about 56% of total ACV.
Risks & headwinds
Risks include geopolitical disruptions like government shutdowns and wars affecting spending, potential delays in term license revenue timing due to accounting, and the changing cost dynamics of AI with reduced subsidized token usage.
Analyst Q&A
Q: Ken, would you mind providing a bit more color on acceleration of ACV growth through the year?
A: Renewal cycles tipped toward the back end of 2026 and new logo focus with Blueprint contribute to back-end growth.
Q: Alan, can you talk a bit more about AI adoption disconnect?
A: Some over-rely on LLMs inappropriately, while Pega focuses on proper use of AI in workflows.
Q: Ken, how has geopolitical disruptions impacted business?
A: Government shutdowns caused term license revenue timing issues, and wars in EMEA may affect spending.