earnings
confidence high
sentiment positive
materiality 0.80
PTC Q3 FY2026: constant currency ARR growth 9.1%, raises FY guidance, $525M buyback
PTC INC.
- Constant currency ARR growth of 9.1% (ex-divested) exceeded high end of 8-9% guidance range.
- Revenue $600M, down 7% YoY; GAAP EPS $1.03, non-GAAP EPS $1.58.
- Operating cash flow $261M, free cash flow $249M, both above guidance ranges.
- Raised FY'26 guidance for ARR, revenue, and EPS; reaffirmed cash flow guidance.
- Repurchased ~$525M of shares in Q3, bringing FY'26 repurchases above target.