PTC INC. 3Q 2026: Revenue $600M, EPS $1.03— 10-Q Summary

PTC Inc. reported Q3 2026 revenue of $600M, down 7% YoY, with diluted EPS of $1.03. Net income fell to $118.8M. Despite the decline driven by divestiture and license timing, recurring revenue remained strong at $2.41B ARR. Improved operating cash flow supported share repurchases and continued business investments.

PTC INC. reported third-quarter 2026 results with revenue of $600M and diluted EPS of $1.03, with net income of $118.8M. Revenue declined versus the year-ago quarter, while recurring revenue and cash flow showed strength that supported share repurchases and ongoing investments.

Financial Highlights

Revenue: $600.0M for 3Q 2026, down from $643.9M in the year‑ago quarter (−7% YoY, −8% constant currency).
Net income: $118.8M for 3Q 2026, versus $141.3M in the year‑ago quarter (−16% YoY).
Diluted earnings per share: $1.03 for 3Q 2026, down from $1.17 in the year‑ago quarter (−12% YoY).

Business Highlights

ARR and recurring revenue: Annual recurring revenue was flat year over year at $2.41B, with roughly 95% of revenue recurring; ARR excluding a divestiture grew 7% (9% constant currency).
Revenue mix: Q3 revenue decline was driven by the divestiture and lower license timing; support and cloud businesses were stable or growing.
Product momentum: PLM and CAD products—particularly Windchill and Creo—drove ARR and software growth across regions when excluding divested units.
Operational efficiency and cash flow: Operating cash flow and free cash flow improved, enabling large share repurchases while the company continued investing in the business.
Go-to-market and services: A shift toward partner-led services reduced professional services revenue but supported scalability.

Original SEC Filing: PTC INC. [ PTC ] - 10-Q - Jul. 31, 2026

Disclaimer

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

Financial Highlights

Revenue: $600.0M for 3Q 2026, down from $643.9M in the year‑ago quarter (−7% YoY, −8% constant currency).
Net income: $118.8M for 3Q 2026, versus $141.3M in the year‑ago quarter (−16% YoY).
Diluted earnings per share: $1.03 for 3Q 2026, down from $1.17 in the year‑ago quarter (−12% YoY).

Business Highlights

ARR and recurring revenue: Annual recurring revenue was flat year over year at $2.41B, with roughly 95% of revenue recurring; ARR excluding a divestiture grew 7% (9% constant currency).
Revenue mix: Q3 revenue decline was driven by the divestiture and lower license timing; support and cloud businesses were stable or growing.
Product momentum: PLM and CAD products—particularly Windchill and Creo—drove ARR and software growth across regions when excluding divested units.
Operational efficiency and cash flow: Operating cash flow and free cash flow improved, enabling large share repurchases while the company continued investing in the business.
Go-to-market and services: A shift toward partner-led services reduced professional services revenue but supported scalability.

Original SEC Filing: PTC INC. [ PTC ] - 10-Q - Jul. 31, 2026

Disclaimer

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.