BOSTON, MA, July 30, 2026 – PTC has announced its Q3 FY26 results, reporting $600M in revenue – a 22.5% decrease from $774M in Q2 FY26 – with a profit of $119M.
Third Quarter Financial Highlights
- ARR excluding divested businesses increased 9.1% in constant currency to $2.45B.
- Operating cash flow grew 7% to $261M; free cash flow rose 3% to $249M.
- GAAP operating margin reached 28%.
- Share repurchases totaled about $525M in Q3, with PTC targeting about $1.63B in FY26 repurchases.
- PTC raised FY26 constant-currency ARR growth guidance to 9%–9.5%.
“PTC delivered strong financial execution in Q3’26. Customers increasingly recognize the importance of our Intelligent Product Lifecycle vision. This coincides with the go-to-market and product strategy emphasis the company has undertaken over the past several quarters and results in a more durable business model that positions PTC for long-term success,” said Neil Barua, president and CEO, PTC.
“AI has become a key discussion point in customer conversations, and PTC is uniquely positioned to take advantage of this growing customer interest in AI. The need to modernize product data foundations in order to appropriately leverage AI is becoming clear to organizations, all while PTC establishes an intelligence layer to enable AI capabilities over our trusted solutions across CAD, PLM, ALM and SLM,” 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.