BOSTON, MA, Feb 5, 2026 – PTC has announced its Q1 FY26 results, reporting $686M in revenue – a 23.3% decrease from $894M in Q4 FY25 – with a profit of $167M.
First Quarter Financial Highlights
- Total revenue for the quarter rose 21% year over year
- ARR increased 13% to $2.5B
- Operating cash flow grew 13% to $270M; free cash flow also rose 13% to $267M
- GAAP operating margin reached 32%
- Earnings per share reached $1.39, up 104% year over year
- Continued focus on its Intelligent Product Lifecycle strategy following the divestiture of Kepware and ThingWorx businesses
“PTC delivered solid financial results in Q1’26, driven by large deal volume and competitive displacements. The continued progress we’re making with our go-to-market transformation is resulting in strong and strategic demand capture. This gives us greater confidence that we are building a more durable, multi-year growth engine,” said Neil Barua, president and CEO, PTC.
“More broadly, our Intelligent Product Lifecycle vision is gaining momentum. As the product development landscape evolves, our customers and partners understand the importance of product data as an enterprise-wide asset and its role in powering AI-driven transformation. PTC is uniquely positioned to deliver the Intelligent Product Lifecycle with our core products serving as the trusted systems of record for product data and AI across the full lifecycle,” 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 Inc., founded in 1985 and based in Boston, develops software for digital transformation across industries. Its offerings include product lifecycle management, computer-aided design, the industrial internet of things, and augmented reality. These tools support product design, manufacturing and service operations. PTC serves sectors such as aerospace, automotive, electronics and industrial equipment. Its software is used by more than 30,000 customers globally, including 95% of Fortune 500 discrete manufacturers. With approximately 7,500 employees worldwide, the company continues to grow through a subscription-based model, focusing on enabling digital product innovation.