Analyst Consensus ?
ConsensusBuy23 ratings
Bullish1460.9%
Neutral626.1%
Bearish313.0%
Roper Technologies, Inc. · ROP · FY2026 Q1 · Calendar Q2 2026
Roper beats Q1, raises 2026 DEPS guidance to $21.80-$22.05 on AI momentum
Roper's thesis rests on high-margin recurring software revenue compounding through acquisitions, SaaS migration and now software-embedded AI. Q1 delivered an EPS and revenue beat with raised full-year guidance, supporting the view that earnings growth remains intact even as the lower-margin Deltek and DAT businesses stay soft. AI is framed as a core growth driver, but its revenue contribution is still emerging, so durability depends on organic growth reaccelerating in H2.
Reported Before market openNASDAQTechnology
$36.74B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$5.16
Consensus $4.99
EPS surprise
+3.4%
Reported versus consensus
Reported revenue
$2.10B
Consensus $2.06B
Revenue surprise
+1.6%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-0.3%
Event window
SPY move
-0.4%
Same window
Abnormal move
+0.1%
Stock minus SPY
Volume
1.4×
Versus trailing sessions
Subsequent drift
-10.9%
Up to 20 sessions
ROPSPY benchmark
Ask FN2 about ROP FY2026 Q1
Transcript, numbers and history already loaded
Why did ROP fall 0.3% after beating EPS estimates in FY2026 Q1?What changed in ROP's guidance and outlook in FY2026 Q1?Give me the bull and bear case for ROP after FY2026 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
After Q4 2025 guidance that was merely maintained at $21.3-$21.55 DEPS and assumed no near-term relief in Deltek, DAT or Neptune, Q1 2026 delivered a beat (EPS $5.16 vs $4.99; revenue +11% YoY to $2.095B) and management raised full-year DEPS guidance to $21.80-$22.05. The tone shifted from cautious about organic growth to confident on accelerating AI, with 6M shares repurchased and $5B of deployment capacity retained.
Guidance delta
raised
Key takeaways
- Q1 revenue rose 11% YoY and adjusted DEPS of $5.16 beat the $4.99 consensus, while free cash flow rose 11%
- Full-year DEPS guidance was raised to $21.80-$22.05, up from the prior $21.3-$21.55 range
- AI innovation is accelerating across the portfolio, with product launches at CentralReach, Vertafore, Aderant and DAT
- SaaS and cloud migration momentum adds 50-100 bps of organic growth per year
- Capital deployment remains aggressive: 6M shares repurchased and $5B of deployment capacity retained
- Softness persists in Deltek GovCon and DAT freight markets, capping the upside from guidance
Management priorities
- Scale the AI accelerator team and roll out AI-enabled features across more operating companies
- Advance SaaS and cloud migration to convert on-prem products to recurring revenue
- Pursue disciplined acquisitions while maintaining the share-repurchase program
- Invest in cost-efficiency and margin improvement in technology-enabled products and network segments
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$362.12Current
$355Low
$513.54Average
$665High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 25, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| RBC Capital | Sector Perform | Sector Perform | Maintain | Aug 18, 2026 |
| Argus Research | Buy | Hold | Upgrade | Aug 6, 2026 |
| JP Morgan | Underweight | Underweight | Maintain | Jul 29, 2026 |
| Piper Sandler | Overweight | Overweight | Maintain | Jul 24, 2026 |
| Barclays | Underweight | Underweight | Maintain | Apr 24, 2026 |
| Baird | Outperform | Outperform | Maintain | Apr 24, 2026 |
| Goldman Sachs | Neutral | Neutral | Maintain | Jan 29, 2026 |
| Truist Securities | Buy | Buy | Maintain | Jan 28, 2026 |
| Stifel | Hold | Buy | Downgrade | Jan 28, 2026 |
| Oppenheimer | Perform | Outperform | Downgrade | Jan 28, 2026 |
| Mizuho | Underperform | Underperform | Maintain | Jan 28, 2026 |
| Citigroup | Buy | Buy | Maintain | Jan 28, 2026 |
| Jefferies | Buy | Buy | Maintain | Jan 5, 2026 |
| TD Cowen | Buy | Buy | Maintain | Oct 24, 2025 |
| Raymond James | Strong Buy | Strong Buy | Maintain | Oct 24, 2025 |
| Wolfe Research | Peer Perform | Outperform | Downgrade | Jun 13, 2024 |
| Wells Fargo | Overweight | Overweight | Maintain | Jan 22, 2024 |
| Bernstein | Outperform | Market Perform | Upgrade | May 2, 2023 |
| Cowen & Co. | Outperform | Outperform | Maintain | Jul 26, 2022 |
| Stephens & Co. | Overweight | Overweight | Maintain | Apr 30, 2019 |
| Argus | Buy | Buy | Maintain | Aug 2, 2018 |
| Canaccord Genuity | Hold | Hold | Maintain | Feb 5, 2018 |
| Stifel Nicolaus | Buy | Buy | Maintain | Feb 2, 2016 |
Named analyst price targets
Upside is calculated against the persisted current price $362.12. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Argus Research | Analyst unavailable | $450 | $394.53 | +24.3% | Aug 6, 2026 |
| RBC Capital | Deane Dray | $417 | $370.27 | +15.2% | Jul 24, 2026 |
| Robert W. Baird | Analyst unavailable | $480 | $355.12 | +32.6% | Jul 24, 2026 |
| Piper Sandler | Clarke Jeffries | $526 | $355.12 | +45.3% | Jul 24, 2026 |
| Mizuho Securities | Analyst unavailable | $355 | $362.84 | -2.0% | Jul 21, 2026 |
| BMO Capital | Daniel Jester | $393 | $355.94 | +8.5% | Jul 10, 2026 |
| RBC Capital | Analyst unavailable | $407 | $363.76 | +12.4% | Apr 24, 2026 |
| Robert W. Baird | Analyst unavailable | $470 | $363.76 | +29.8% | Apr 24, 2026 |
| Piper Sandler | Analyst unavailable | $540 | $363.76 | +49.1% | Apr 24, 2026 |
| Barclays | Analyst unavailable | $373 | $363.76 | +3.0% | Apr 24, 2026 |
| Goldman Sachs | Analyst unavailable | $440 | $360.37 | +21.5% | Jan 29, 2026 |
| RBC Capital | Analyst unavailable | $398 | $360.66 | +9.9% | Jan 28, 2026 |
| Mizuho Securities | Analyst unavailable | $365 | $360.98 | +0.8% | Jan 28, 2026 |
| Robert W. Baird | Analyst unavailable | $550 | $358.34 | +51.9% | Jan 28, 2026 |
| Jefferies | Analyst unavailable | $500 | $369.27 | +38.1% | Jan 28, 2026 |
| Barclays | Analyst unavailable | $409 | $369.27 | +12.9% | Jan 28, 2026 |
| Stifel Nicolaus | Analyst unavailable | $385 | $369.27 | +6.3% | Jan 27, 2026 |
| Truist Financial | Terry Tillman | $550 | $369.27 | +51.9% | Jan 27, 2026 |
| Melius Research | Scott Davis | $479 | $355.89 | +32.3% | Jan 27, 2026 |
| Oppenheimer | Analyst unavailable | $525 | $407.48 | +45.0% | Jan 23, 2026 |
| Piper Sandler | Clarke Jeffries | $530 | $432.39 | +46.4% | Jan 13, 2026 |
| Jefferies | Analyst unavailable | $600 | $430.77 | +65.7% | Jan 5, 2026 |
| Mizuho Securities | Analyst unavailable | $419 | $434.54 | +15.7% | Jan 5, 2026 |
| Barclays | Analyst unavailable | $475 | $445.89 | +31.2% | Dec 4, 2025 |
| Piper Sandler | Clarke Jeffries | $600 | $444.78 | +65.7% | Nov 19, 2025 |
| Barclays | Analyst unavailable | $506 | $470.18 | +39.7% | Oct 27, 2025 |
| RBC Capital | Analyst unavailable | $539 | $478.8 | +48.8% | Oct 27, 2025 |
| Truist Financial | Analyst unavailable | $650 | $479.85 | +79.5% | Oct 24, 2025 |
| Stifel Nicolaus | Analyst unavailable | $550 | $479.96 | +51.9% | Oct 24, 2025 |
| RBC Capital | Deane Dray | $644 | $479.96 | +77.8% | Oct 24, 2025 |
| Robert W. Baird | Analyst unavailable | $592 | $479.96 | +63.5% | Oct 24, 2025 |
| Raymond James | Brian Gesuale | $575 | $479.51 | +58.8% | Oct 24, 2025 |
| Jefferies | Analyst unavailable | $650 | $479.96 | +79.5% | Oct 23, 2025 |
| Oppenheimer | Ken Wong | $570 | $479.96 | +57.4% | Oct 23, 2025 |
| Mizuho Securities | Brett Linzey | $510 | $500.08 | +40.8% | Oct 17, 2025 |
| Barclays | Julian Mitchell | $550 | $498.69 | +51.9% | Oct 1, 2025 |
| Mizuho Securities | Brett Linzey | $600 | $582.88 | +65.7% | May 16, 2025 |
| Oppenheimer | Christopher Glynn | $640 | $557.7 | +76.7% | Apr 28, 2025 |
| Stifel Nicolaus | Analyst unavailable | $685 | $582.71 | +89.2% | Mar 26, 2025 |
| Robert W. Baird | Joe Vruwink | $665 | $575.65 | +83.6% | Jan 31, 2025 |
| Truist Financial | Terry Tillman | $665 | $542.94 | +83.6% | Oct 24, 2024 |
| Robert W. Baird | Richard Eastman | $652 | $542.94 | +80.1% | Oct 24, 2024 |
| RBC Capital | Deane Dray | $666 | $542.94 | +83.9% | Oct 24, 2024 |
| Robert W. Baird | Joe Vruwink | $635 | $531.97 | +75.4% | Jul 25, 2024 |
| Barclays | Julian Mitchell | $625 | $550.47 | +72.6% | Jul 10, 2024 |
| Argus Research | John Eade | $575 | $511.46 | +58.8% | Apr 30, 2024 |
| Wolfe Research | Brad Hewitt | $625 | $543.01 | +72.6% | Apr 8, 2024 |
| Oppenheimer | Christopher Glynn | $650 | $556.38 | +79.5% | Mar 22, 2024 |
| Goldman Sachs | Analyst unavailable | $468 | $429.25 | +29.2% | Dec 15, 2022 |
| RBC Capital | Analyst unavailable | $565 | $472.01 | +56.0% | Apr 27, 2022 |
| Cowen & Co. | Joseph C Giordano | $520 | $487.88 | +43.6% | Jul 26, 2021 |
| Oppenheimer | Christopher Glynn | $560 | $494.71 | +54.6% | Jul 23, 2021 |
Track every rating change on ROP the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationRoper Technologies, Inc., established in 1981 and based in Sarasota, Florida (formerly known as Roper Industries, Inc. until 2015), operates as a diversified technology company. It specializes in developing and delivering advanced software solutions alongside highly engineered products for a wide range of industries. Its extensive software portfolio includes enterprise and financial management systems, cloud-based analytics for sectors like insurance and healthcare, campus and supply chain management tools, and specialized applications for areas such as foodservice, visual effects, and data collaboration. Complementing this, Roper designs and manufactures a diverse array of engineered products, encompassing precision testing instruments for materials like rubber and plastic, medical devices (such as ultrasound accessories), flow and control components (including valves, pumps, and meters), automated dispensing and monitoring equipment (like leak detection and vibration monitoring systems), and various sensors for industrial and utility applications.
Historical context
All ROP earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| SNX TD Synnex Corp | FY2026 Q3 · Calendar Q3 2026 | +20.9% | -9.9% | TD SYNNEX: AI-led growth accelerates, but mix and cash flow matter |
| ADBE Adobe Inc. | FY2026 Q3 · Calendar Q3 2026 | +0.8% | +1.4% | Adobe raises FY26 outlook as AI strategy broadens |
| ORCL Oracle Corporation | FY2027 Q1 · Calendar Q3 2026 | +10.3% | -1.7% | Oracle raises FY27 outlook as AI demand accelerates cloud growth |
| SAIL SailPoint, Inc. | FY2027 Q2 · Calendar Q3 2026 | +13.8% | -1.2% | SailPoint pairs 25% ARR growth with accelerating AI-driven adoption |
| CIEN Ciena Corporation | FY2026 Q3 · Calendar Q3 2026 | +22.0% | -10.4% | Ciena raises outlook as AI networking demand lifts backlog |
| DOCU DocuSign, Inc. | FY2027 Q2 · Calendar Q3 2026 | +6.4% | +3.7% | DocuSign Q2 FY27: IAM momentum supports a raised outlook |
Latest beats and misses
Who reports nextBeat on EPS
- SNXFY2026 Q3 · September 24, 2026+20.9% EPS-9.9% move
- DRIFY2027 Q1 · September 24, 20260.0% EPS-3.0% move
- CTASFY2027 Q1 · September 23, 2026+3.0% EPS-3.4% move
- PAYXFY2027 Q1 · September 23, 2026+1.5% EPS-8.8% move
- GISFY2027 Q1 · September 23, 2026+4.6% EPS+1.0% move
- AZOFY2026 Q4 · September 22, 2026+3.6% EPS+3.3% move
Get the ROP recap when the next report posts
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-09-25T12:41:01.895127+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-25T12:41:01.892214+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-09-25. For educational purposes only; not investment advice.