BOSTON, MA, May 7, 2026 – PTC has announced its Q2 FY26 results, reporting $774M in revenue – a 12.9% increase from $686M in Q1 FY26 – with a profit of $591M.
Second Quarter Financial Highlights
- Total revenue for the quarter rose 22% year over year
- ARR excluding divested businesses increased 8.5% in constant currency to $2.39B
- Operating cash flow grew 14% to $321M; free cash flow also rose 14% to $318M
- GAAP operating margin reached 38%
- Earnings per share reached $4.98, up 270% year over year
- PTC completed the Kepware and ThingWorx divestiture in Q2, sharpening its focus on the Intelligent Product Lifecycle strategy
- Share repurchases totaled about $625M in Q2, with PTC targeting $1.23B to $1.33B in FY26 repurchases
“PTC delivered solid financial results in Q2’26. Our go-to-market transformation continues to gain traction and our Intelligent Product Lifecycle vision is resonating with customers. The execution and momentum we’ve established over the past several quarters give us confidence that we are building a more durable, multi-year growth engine,” said Neil Barua, president and CEO, PTC.
“Customer interest in AI is growing, and our discussions reinforce how AI is driving momentum in PTC’s business. Customers are modernizing their product data foundations with PTC’s systems of record to apply AI. PTC is also establishing AI as a new intelligence layer over our systems to enable enterprise transformation,” concluded Barua.
A detailed chart outlining the financial results is available here, providing a comprehensive breakdown of key metrics and performance indicators for better insight into the company’s financial standing.
Source: PTC
About PTC
PTC was founded in 1985 and headquartered in Boston, MA, develops software for engineering and product development teams worldwide. Its portfolio includes CAD, PLM, IIoT, application lifecycle management, and augmented reality tools. The software supports product design, manufacturing, data management, and service operations. PTC serves manufacturers in aerospace, automotive, electronics, industrial equipment and energy sectors. The company reports more than 30,000 customers globally, including 95% of Fortune 500 manufacturers. PTC employs about 7,500 people worldwide. It operates primarily on a subscription-based business model focused on digital product development and connected operations.