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The software stock posted disappointing results in its second quarter.
First it was IBM and now Pegasystems is also reporting that customers are changing purchasing decisions as the AI market evolves.
Pegasystems NASDAQ: PEGA executives said the company faced a challenging first half of 2026 as customer uncertainty around artificial intelligence, a back-half-weighted renewal portfolio and go-to-market execution issues weighed on annual contract value growth.
U.S. stock futures were lower this morning, with the Nasdaq 100 futures falling more than 200 points on Wednesday.
Although the revenue and EPS for Pegasystems (PEGA) give a sense of how its business performed in the quarter ended June 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Pegasystems (PEGA) came out with quarterly earnings of $0.35 per share, missing the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.28 per share a year ago.
WALTHAM, Mass.--(BUSINESS WIRE)--Pegasystems Inc. (NASDAQ: PEGA), the Enterprise Transformation Company™, released its financial results for the second quarter of 2026. "Pega Infinity™ 26 uniquely deploys the power of AI with predictable outcomes and predicable costs by applying agents at design time to optimize run-time token use,” said Alan Trefler, founder and CEO, Pega. "Letting language models do everything is risky and expensive, and using AI to write mountains of code creates significant.
WALTHAM, Mass.--(BUSINESS WIRE)--Pegasystems Inc. (NASDAQ: PEGA), the enterprise AI software company for mission-critical work, today announced the general availability of Pega Infinity™ 26, Pega's AI suite of products designed to help enterprises scale AI with confidence. By combining advanced agentic AI with built-in governance and a pricing model that eliminates consumption-based AI charges, Pega Infinity 26 enables organizations to achieve both predictable AI outcomes and predictable costs.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.