$PTC · PTC INC.
PTC reported Q4 and full-year FY2026 results ended September 30, 2026. Q4 revenue was $673.3M, down 25% YoY (24% constant currency), with GAAP EPS of $1.44 and non-GAAP EPS of $2.03, down 40% YoY. Full-year revenue was $2,733.4M, roughly flat YoY, with non-GAAP EPS of $8.24. ARR excluding divested businesses rose 8% YoY to $2,508M. PTC suspended quarterly earnings calls and guidance in light of the pending Schneider Electric acquisition.
- Q4 revenue fell 25% YoY to $673.3M, driven by ASC 606 and divestitures.
- Non-GAAP EPS fell 40% YoY to $2.03; GAAP EPS was $1.44.
- ARR excluding divested businesses rose 8% YoY to $2,508M.
- Q4 free cash flow fell 63% YoY to $38M on divestiture-related costs and taxes.
- PTC suspended guidance and earnings calls pending the Schneider Electric acquisition.
Extended-hours last trade $195.38, +0.10% vs regular close and +0.17% vs price-at-filing, indicating a muted reaction to results already overshadowed by the announced acquisition.
PTC's final standalone quarter shows steep revenue and EPS declines while the pending Schneider Electric deal removes forward guidance visibility.
PTC's results reflect a divestiture-driven transition (Kepware and ThingWorx sold in Q2'26) as it moves toward an Intelligent Product Lifecycle strategy under Schneider Electric ownership.
Revenue and EPS declines are partly attributable to ASC 606 timing and divestitures; Q4 cash flow absorbed ~$24M divestiture costs and ~$75M divestiture-related cash taxes.