---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-107315"
form_type: "8-K"
ticker: "PTC"
cik: "0000857005"
company_name: "PTC INC."
filed_at: "2026-03-16T23:59:59+00:00"
generated_at: "2026-05-15T12:14:00.894971+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# PTC completes Kepware/ThingWorx sale to TPG for $523M, updates guidance, announces $375M ASR

## Summary
- Closed divestiture of Kepware and ThingWorx to TPG; received $523M cash, net after-tax proceeds ~$375M.
- FY'26 updated guidance: operating cash flow ~$880M, free cash flow ~$850M, revenue $2.54B–$2.805B.
- Plans $375M accelerated share repurchase in Q2'26; total FY'26 buyback expected $1.125B–$1.325B.
- Q2'26 GAAP EPS guidance $4.09–$4.74, Non-GAAP EPS $1.87–$2.47; revenue $685M–$745M.
- Constant currency ARR growth (ex-Kepware/ThingWorx) unchanged at 7.5%–9.5%.

## SEC filing metadata
- accession: 0001193125-26-107315
- form_type: 8-K
- ticker: PTC
- cik: 0000857005
- company_name: PTC INC.
- filed_at: 2026-03-16T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/857005/000119312526107315/0001193125-26-107315-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/857005/000119312526107315/ptc-20260316.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-107315
- JSON: https://secwatch.observer/filing/0001193125-26-107315.json
- Plain text: https://secwatch.observer/filing/0001193125-26-107315.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.