Pegasystems

Q2 FY2026 EarningsQ2 FY26 revenue of $420.7M slightly missed the $428.4M consensus, while non-GAAP EPS of $0.35 significantly beat the $0.28 year-over-year comparable and expectations. Pega Cloud ACV surged 22% YoY, now representing 57% of total ACV ($1.62B), although management noted a temporary slowdown in decision-making due to AI market volatility. Cash from operations of $298.2M for H1 FY26 massively outperformed consensus expectations, driven by improved collection and subscription mix transition.