Roper Technologies raises 2026 profit forecast as AI demand boosts software sales

Roper Technologies

23/04/2026 13:05

April 23 (Reuters) - Roper Technologies ROP.O raised full-year profit forecast on Thursday, pointing to steady demand for its software products as artificial intelligence adoption gains momentum across its customer base, sending its shares up about 6% before the bell.

The Sarasota, Florida-based company expects 2026 adjusted profit to be between $21.80 and $22.05 per share, compared with $21.30 to $21.55 per share forecast earlier.

Roper, which caters to sectors such as healthcare, transportation and education, has benefited as businesses turned to AI to automate routine and administrative tasks.

"During the quarter, our businesses continued shipping AI products, fueled by Roper's expanded AI capacity and accelerated speed of execution," CEO Neil Hunn said.

For the first quarter, the company posted revenue of $2.10 billion, above analysts' average estimate of $2.07 billion, according to data compiled by LSEG.

On an adjusted basis, it earned $5.16 per share compared with the estimate of $4.98 per share.

Roper has leaned heavily on acquisitions to power growth, snapping up firms like Procare Solutions, Transact Campus and healthcare software firm CentralReach — moves that widened its reach but also pushed up expenses.

The company said its board has authorized an additional $3 billion of share repurchases, taking its remaining capacity to $3.8 billion.

 (Reporting by Kritika Lamba in Bengaluru; Editing by Shilpi Majumdar)

 ((Kritika.Lamba@thomsonreuters.com;))