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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Pegasystems
Pegasystems (PEGA) investor relations material
Pegasystems Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary21 Oct, 2026
Executive summary
Total ACV reached $1,653M, up 6% reported and 7% in constant currency; Pega Cloud ACV grew 20% to $976M, or 59% of total ACV.
Q3 ACV additions were the strongest of 2026 so far, but execution challenges and client spending scrutiny held growth below plan.
Strategy focuses on governed AI for workflow automation and decisioning, with predictable outcomes, cost control, security, and execution improvements to accelerate adoption.
Financial highlights
Q3 revenue rose 3% YoY to $393.359M; gross profit was $289.513M and operating income was $14.861M.
Q3 GAAP net income fell to $14.092M from $43.364M; adjusted non-GAAP net income rose 8% to $59.8M. Diluted EPS was $0.08 GAAP and $0.35 non-GAAP.
Nine-month revenue was $1,244.048M versus $1,241M; GAAP net income was $60.190M versus $158.863M, including a $16M litigation settlement expense.
Nine-month operating cash flow was $304.299M and free cash flow was $289.825M, versus $346.796M and $338.311M, respectively, in 2025.
Outlook and guidance
FY2026 ACV growth is expected between the current rate and 10%; Q4 should accelerate, but not enough to meet the full H2 plan.
Growth is expected to build from Q3 and Q4 levels into 2027, with 2027 ACV growth currently expected to be less back-end-loaded than in 2026.
Adjusted free cash flow is expected to exceed $600M in 2027 and reach $700M or more in 2028; stronger ACV growth and cost discipline are required.
Headcount is expected to be ~5,000 in Q1 2027, down a few hundred; execution-model improvements are expected in early to mid-2027.
Available liquidity and borrowing capacity are expected to fund operations, buybacks, and dividends for at least 12 months.
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Latest events from Pegasystems
- AI-driven product innovation and a new sales approach aim to boost growth despite near-term cash flow pressures.PEGA
Citi’s 2026 Global TMT Conference - AI-driven process re-engineering and federated architectures are accelerating enterprise transformation.PEGARosenblatt's 6th Annual Technology Summit: The Age of AI (Part II)
- AI-driven workflow innovation and a strong H2 pipeline position the business for long-term growth.PEGACanaccord Genuity's 46th Annual Growth Conference
- AI-driven workflow innovation, disciplined growth, and renewed sales focus set the stage for ACV rebound.PEGAOppenheimer 29th Annual Technology, Internet & Communications Conference
- Pega Cloud ACV rose 22% and free cash flow hit $288.3M, despite AI-driven market headwinds.PEGAQ2 2026
- GenAI Blueprint accelerates growth, cloud migration, and client engagement, targeting $2B ACV.PEGAInvestor Update
- AI-powered Blueprint has halved sales cycles and accelerated enterprise modernization.PEGA46th Annual William Blair Growth Stock Conference
- AI-driven workflow innovation and cloud transition fuel growth, margin expansion, and new client wins.PEGAPegaWorld 2026
- Q1 2025 saw 44% revenue growth, record free cash flow, and double-digit ACV gains.PEGAQ1 2025
Next Pegasystems earnings date
RBC Global Technology, Internet, Media and Telecommunications Conference18 Nov, 2026
Pegasystems
Next Pegasystems earnings date
RBC Global Technology, Internet, Media and Telecommunications Conference18 Nov, 2026
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Frequently asked questions
Pegasystems Inc develops software for customer engagement and business process automation. Its low-code application development platform helps businesses manage workflows, customer service, decisioning, and marketing. The company serves financial services, healthcare, insurance, and government sectors with cloud-based and on-premises solutions. It is headquartered in Cambridge, Massachusetts, and its shares are listed on the NASDAQ.