Pega Cloud ACV Grows 20% in Q3 2026
Business Wire•20/10/2026•16:05 ET
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Key Highlights
- ➤Pega Cloud ACV grows 20% in Q3 2026
- ➤Total ACV reaches $1.653 billion, up 6% year over year
- ➤Pega Cloud reaches 59% of total ACV
- ➤Q3 revenue rises 3% to $393.4 million
- ➤GAAP diluted EPS falls 67% to $0.08
Expert Statements
Alan Trefler, Founder and CEO of Pega
“The AI market is still sorting itself out, but we’re confident in our long-term winning strategy to harness models like Claude, OpenAI GPT, and Gemini to help enterprises achieve predictable business outcomes at predictable costs while maintaining the governance, security, and control required for mission-critical operations.”
Alan Trefler, Founder and CEO of Pega
“Our edge is decades of expertise in workflow automation and decisioning, enabling enterprises to scale AI with confidence, control, and economic efficiency.”
Ken Stillwell, COO and CFO of Pega
“While our ACV growth through the first three quarters of 2026 did not reflect the opportunity we see in the market, largely due to go-to-market execution challenges, our Q3 ACV add was the strongest of the year and reinforces our confidence in the demand for our solutions.”
Ken Stillwell, COO and CFO of Pega
“We are taking decisive actions to improve execution, accelerate growth, and keep us on track to deliver $700M or more of free cash flow in 2028.”
* Cloud adoption continues to expand as Pega Cloud reaches 59% of total ACV in Q3
Total ACV grows 6% as reported and 7% in constant currency year over year
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