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PTC 8-K Report, Financial Results (Jul 29, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed July 29, 2026
Period End
July 29, 2026
Security
PTC
In the record · 2016–202610-K1010-Q338-K130

PTC filed 10 annual reports (10-K), 33 quarterly reports (10-Q) and 130 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Feb ’18Feb ’18
  2. Material agreement8-K · Feb ’20Feb ’20
  3. Deal closed8-K · May ’22May ’22
  4. Leadership change8-K · Oct ’25Oct ’25

01—Abstract

Summary

Summary of the 8-K filed July 29, 2026. Cited figures are marked; the original filing is the authoritative source.

PTC Inc. filed an 8-K on July 29, 2026 furnishing a press release announcing results for its third fiscal quarter ended June 30, 2026.

Q3'26 total revenue was $600.0 milliona, down from $643.9 million a year earlier, and GAAP diluted EPS was $1.03 versus $1.17. Constant currency ARR excluding divested businesses reached $2,448 million, up 9.1% year over year and above the 8% to 9% guidance range, while as-reported ARR was flat year over year. Operating cash flow was $261 million and free cash flow was $249 million, up 7% and 3% respectively, both above the high end of guidance ranges.

Management raised FY'26 guidance for constant currency ARR growth (now 9% to 9.5%), revenue ($2,690 million to $2,750 millionb), and GAAP and non-GAAP EPS ($8.46 to $9.18 and $7.87 to $8.42), while reaffirming cash flow guidance of about $880 million in operating cash flow and about $850 million in free cash flow. The company repurchased about $525 million of shares in Q3'26 and expects total FY'26 repurchases of about $1.625 billion, with fully diluted shares falling to about 116 million from 121 million in FY'25. The FY'26 GAAP results include a $463 million gain on the sale of the Kepware and ThingWorx businesses, which closed March 13, 2026.

The quarter's revenue and margin declines reflect the divestitures and ASC 606 revenue timing, with GAAP operating margin of 28%c versus 33% a year earlier. Investors will be watching whether ARR growth can be sustained and whether the Intelligent Product Lifecycle strategy and AI initiatives translate into durable subscription growth.

02—Key points

Key Highlights

  1. Q3'26 total revenue of $600.0 million versus $643.9 million in Q3'25; revenue declined 8% year over year on a constant currency basis.
  2. Constant currency ARR excluding divested businesses of $2,448 million, up 9.1%, exceeding the 8% to 9% guidance range; as-reported ARR was flat year over year.
  3. Operating cash flow of $261 million (up 7%) and free cash flow of $249 million (up 3%), both above the high end of guidance ranges.
  4. FY'26 guidance raised for constant currency ARR growth (9% to 9.5%), revenue ($2,690 million to $2,750 million), and EPS; cash flow guidance reaffirmed at about $880 million operating and $850 million free cash flow.
  5. Repurchased about $525 million of shares in Q3'26; expects about $1.625 billion of total FY'26 repurchases and about 116 million fully diluted shares versus 121 million in FY'25.
  6. GAAP diluted EPS of $1.03 versus $1.17 and non-GAAP diluted EPS of $1.58 versus $1.64 in Q3'25; FY'26 GAAP EPS guidance includes a $463 million gain on the Kepware and ThingWorx sale.
  7. Q4'26 guidance calls for revenue of $630 million to $690 million and non-GAAP EPS of $1.63 to $2.21.

03—Questions

Frequently Asked Questions

  1. How did PTC perform in its third fiscal quarter of 2026?

    Constant currency ARR excluding divested businesses grew 9.1% to $2,448 million, above guidance, and operating and free cash flow rose 7% and 3% to $261 million and $249 million. Revenue fell to $600.0 million from $643.9 million, and GAAP diluted EPS was $1.03 versus $1.17.

  2. What changed in PTC's full-year 2026 guidance?

    Guidance for constant currency ARR growth was narrowed to 9% to 9.5%, revenue was raised to $2,690 million to $2,750 million, and GAAP EPS was raised to $8.46 to $9.18. Cash flow guidance of about $880 million operating and $850 million free cash flow was reaffirmed.

  3. Why is reported ARR flat when constant currency ARR grew 9.1%?

    The filing states that as-reported ARR was flat year over year because the comparison excludes Kepware and ThingWorx ARR for the divested businesses in the constant currency figure, and the constant currency figure also uses FY'26 Plan foreign exchange rates.

  4. How much is PTC returning to shareholders?

    PTC repurchased about $525 million of stock in Q3'26, including an accelerated share repurchase agreement entered March 17, 2026, and expects total FY'26 repurchases of about $1.625 billion. The company expects fully diluted shares to fall to about 116 million for FY'26 from 121 million in FY'25.

  5. What drove the large GAAP gain in the year?

    The filing states that FY'26 GAAP results include a $463 million gain on the sale of the Kepware and ThingWorx businesses, which were divested on March 13, 2026, partially offset by about $140 million of divestiture-related expenses and taxes.

04—Continue

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