Citable filing context
PTC's research view summarizes recent SEC filing context, starting with earnings from Jul 29, 2026.
| Filed | Item | Context |
|---|---|---|
| Jul 29, 2026 | earnings | PTC reported financial results for its third fiscal quarter ended June 30, 2026. |
| May 6, 2026 | earnings | PTC announced second quarter 2026 financial results for the period ended March 31, 2026. |
| Mar 16, 2026 | divestiture | PTC completed the divestiture of its Kepware and ThingWorx businesses to TPG for $523 million in cash. |
| Jul 29, 2026 | Guidance: constant_currency_arr_growth | 9.00 to 9.50 |
| Jul 29, 2026 | Guidance: earnings_per_share | 8.46 to 9.18 |
| Jul 29, 2026 | Guidance: earnings_per_share | 0.94 to 1.70 |
| Jul 31, 2026 | mda_quarterly | PTC’s financial performance in the third quarter of 2026 was significantly shaped by the divestiture of its Kepware and ThingWorx businesses in the second quarter. Total revenue for the quarter declined 7% year-over-year to $600 million, reflecting both the absence of revenue from the divested units and a decrease in license revenue due to the shortened duration of a large contract renewal. Despite this, the company’s Annual Run Rate (ARR) for the continuing business grew 7% (9% constant currency), underscoring the resilience of its core subscription model. Operating margins contracted by approximately 480 basis points to 27.7%, and diluted earnings per share fell 12% to $1.03, primarily due to the revenue decline. However, the company maintained strong cash generation, with free cash flow rising 3% to $249 million. PTC aggressively returned capital to shareholders, repurchasing $525 million in common stock during the quarter, partially funded by $225 million in net debt borrowings. The company continues to focus on its "Intelligent Product Lifecycle" strategy, emphasizing AI-driven transformation within its core Product Lifecycle Management (PLM) and Computer-Aided Design (CAD) segments. Key risks include geopolitical tensions, volatile foreign exchange rates, and potential customer delays in adopting AI-integrated software or building necessary product data foundations. |
| May 7, 2026 | mda_quarterly | PTC operates a subscription-based model with 95% recurring revenue, focusing on the Intelligent Product Lifecycle and AI-driven transformation. In the second quarter of 2026, the company completed the divestiture of its Kepware and ThingWorx businesses for $523 million in cash, recognizing a $463 million gain. Q2'26 revenue rose 22% to $774 million, while Annual Run Rate (ARR) grew to $2.36 billion; excluding divested assets, ARR growth was 11%. Growth was primarily driven by Windchill and Codebeamer within the Product Lifecycle Management (PLM) segment and Creo within the Computer-Aided Design (CAD) segment. Professional services revenue declined as PTC shifted toward a partner-led delivery strategy. The company utilized $626 million for share repurchases in Q2'26, including a $375 million accelerated share repurchase funded by the divestiture. Operating margins improved by 310 basis points to 38.2%, and free cash flow increased 14% to $318 million. Key financial risks include macroeconomic volatility, import tariffs, geopolitical tensions—specifically military conflict in Iran—and the pace of customer adoption of AI capabilities. Additionally, the company remains exposed to foreign exchange volatility, with approximately 55% of revenue transacted in non-U.S. Dollar currencies. |
Source: SEC EDGAR filing text and events; period Jul 29, 2026; filed Jul 29, 2026.
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