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AI brief of an SEC Form 8-K · Pegasystems (PEGA)

Pegasystems Q3 revenue rises 3% to $393.4 million; GAAP net income falls 68%

Mixed Impact 3 of 5 earnings

Pegasystems reported third-quarter 2026 revenue of $393.4 million, up 3% from a year earlier, while GAAP net income fell 68% to $14.1 million after a $16.0 million litigation settlement. Non-GAAP diluted EPS rose 17% to $0.35, but the company said ACV growth slowed sharply in the first nine months and may continue to weigh on growth and cash flow for the rest of 2026.

Key points

  • Q3 2026 total revenue was $393.4 million, up 3% from $381.4 million; GAAP diluted EPS was $0.08, down from $0.24.
  • Non-GAAP diluted EPS was $0.35, up 17% from $0.30; non-GAAP net income was $59.8 million, up 8%.
  • Total ACV was $1.65 billion, up 6% as reported; Pega Cloud ACV grew 20% and reached 59% of total ACV.
  • Nine-month free cash flow was $289.8 million, down 14%, and the company reiterated a target of $700 million or more in 2028.

The filing

CompanyPegasystems (PEGA)
Form8-K, current report
Filed with the SECOct 20, 2026, 4:12 PM ET
Accession number0001013857-26-000057

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 7, 2026, 11:18 PM ET, from this filing only.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.