EarningsQ3 2026 Earnings Report
MX:PTC Q3 2026 EPS Results
Actual EPS$28.59
Consensus EPS$28.34
Beat/MissBeat by +$0.25
One Year Ago EPS$29.68
MX:PTC Q3 2026 Revenue Results
Actual Revenue$10.86B
Expected Revenue$11.07B
Beat/MissMissed by -$209.38M
YoY Revenue Growth-6.82%
Earnings Announcement Details
QuarterQ3 2026
Date07/29/2026
TimeAfter Close
Conference CallWednesday, July 29, 2026
MX:PTC Upcoming Earnings
PTC's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q3 2026 Earnings Call Audio
MX:PTC Q3 2026 Earnings Call
0:00 / 0:00
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operating performance: Q3 beat key metrics (net new ARR, ARR growth, operating and free cash flow), aggressive share repurchases, raised guidance, and clear momentum in AI product adoption and go-to-market transformation. Key positives include $60M net new ARR in Q3, ARR up 9.1% YoY (ex. divestitures), outsized share buybacks, and a growing deferred ARR balance (roughly 2x year-ago). Lowlights are manageable and execution-linked: Q3 revenue missed the midpoint ($600M) due to timing of one large contract, Q4 free cash flow is pressured by divestiture-related capital gains outflows (~$15M), AI monetization is expected to scale over the medium-to-long term (pilots then scale), and comparative reporting is complicated by the Kepware/ThingWorx divestiture. Overall, the positives and raised guidance outweigh the noted risks, but outcomes remain execution-dependent heading into Q4 and FY '27.Company Guidance
Net New ARR and ARR Growth
Generated $60 million of net new ARR in Q3; constant-currency ARR (ex. Kepware & ThingWorx) of $2.448 billion, up 9.1% year-over-year and above the high end of guidance.
Strong Cash Generation
Q3 operating cash flow of $261 million and free cash flow of $249 million, both exceeding guidance; FY '26 free cash flow expected to be approximately $850 million.
Improved Guidance and Tightening
Raised midpoint of annual ARR growth guidance to 9.25% (range ~9%–9.5% ex. Kepware & ThingWorx); raised and tightened fiscal '26 revenue guidance to $2.69B–$2.75B and non-GAAP EPS to $7.87–$8.42; fiscal '26 net new ARR midpoint guided to $214 million.
Capital Return Acceleration
Repurchased $525 million of common stock in Q3 (more than double the previously provided target for the quarter); increased full-year repurchase expectation to ~$1.625 billion (up from prior $1.225–1.325B guidance); diluted share count down to 115M in Q3 (expected ~116M FY '26 vs 121M in FY '25).
AI Product Momentum and Largest AI Deal
Launched Creo AI, AI-native PTC Orbit, Onshape Labs; won largest AI deal to date — a near 7-figure ServiceMax AI deal — pilot showed 50% reduction in technician preparation time and a 4% net productivity improvement across the service workforce.
Go-to-Market Transformation and Displacements
Management reports the go-to-market transformation has 'turned the corner' with improved rep productivity, renewal rates, pipeline quality, and executive-level engagement; aggregate value of displacements has doubled year-over-year and notable competitive PLM wins (e.g., major defense contractor).
Deferred ARR and Pipeline Visibility
Deferred ARR balance materially increased — management stated approximately 2x the deferred ARR at this point last year — and expects a step-up in net new ARR in Q4 driven by conversion of deferred ARR; Q4 net new ARR range guided to $79M–$92M.
Onshape and Platform Usage Acceleration
Onshape showing strong momentum for AI workflows — API calls to Onshape by AI-related startups reportedly tripling over a few months — supporting platform monetization and ecosystem engagement.
MX:PTC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed