PTC Exceeds Q3 Guidance with Strong ARR Growth and Raised Fiscal 2026 Outlook
PTC Inc. (NASDAQ: PTC) reported third-quarter fiscal 2026 results that exceeded its guidance, driven by strong demand capture, improved retention, and progress in go-to-market transformation. The engineering software company generated $60 million in net new annual recurring revenue (ARR), with constant-currency ARR rising 9.1% year-over-year to $2.448 billion—excluding Kepware and ThingWorx. PTC also reported robust cash flow, including $261 million in operating cash flow and $249 million in free cash flow for the quarter. The company raised its fiscal 2026 outlook across key metrics: it now expects ARR growth of approximately 9%–9.5%, revenue between $2.69 billion to $2.75 billion, non-GAAP EPS of $7.87–$8.42, and maintained a free-cash-flow forecast of around $850 million for the year. PTC also increased its stock repurchase plan by nearly 30% following Q3 buybacks totaling $525 million. PTC highlighted growing AI demand among customers seeking to modernize product-data foundations as part of its Intelligent Product Lifecycle strategy, which includes CAD and lifecycle management systems.
Tickers: $PTC
Topics: AI demand ARR growth free cash flow PTC stock buybacks