secwatch.observer — SEC 8-K summary
======================================

Issuer:     PEGASYSTEMS INC (PEGA)
CIK:        0001013857
Form:       8-K
Filed at:   2026-07-21T20:08:31+00:00
Accession:  0001013857-26-000049
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pega Q2 revenue up 9% to $420.7M; GAAP EPS $0.08, non-GAAP EPS $0.35; Pega Cloud ACV +22% YoY
--------------------------------------------------------------------------------

- Total ACV $1.62B, up 7% YoY (8% constant currency); Pega Cloud ACV +22% YoY.
- Q2 GAAP net income $13.3M (down 56% YoY); non-GAAP net income $59.5M (up 19% YoY).
- First-half 2026 cash flow from operations and free cash flow each exceeded $285M.
- Subscription revenue $370.5M (88% of total), up 13% YoY; consulting revenue $50.2M, down 13%.
- Company warns ACV growth slowed in H1 due to AI market shifts; may continue to affect rest of year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013857/000101385726000049/0001013857-26-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013857/000101385726000049/pega-20260721.htm
  HTML page:      https://secwatch.observer/filing/0001013857-26-000049

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer