PTC Inc. (PTC) Earnings
PTC Inc. is expected to report next earnings on July 29, 2026 (in NaN days), with a consensus EPS estimate of $1.59. PTC has beaten EPS estimates in 10 of its last 12 reported quarters (average surprise +34.9% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 6, 2026 | $2.06 | $2.69 | +30.6% | $774M | +8.7% |
| Feb 4, 2026 | $1.59 | $1.92 | +20.8% | $686M | -0.5% |
| Nov 5, 2025 | $2.27 | $3.47 | +52.9% | $894M | +19.0% |
| Jul 30, 2025 | $1.21 | $1.64 | +35.5% | $644M | +10.4% |
| Apr 30, 2025 | $1.39 | $1.79 | +28.8% | $636M | +4.9% |
| Feb 5, 2025 | $0.89 | $1.10 | +23.7% | $565M | +2.0% |
| Jul 31, 2024 | $0.97 | $0.98 | +1.3% | $519M | -2.1% |
| May 1, 2024 | $1.23 | $1.46 | +18.7% | $603M | +4.4% |
| Jan 31, 2024 | $0.98 | $1.11 | +13.3% | $550M | +2.1% |
| Nov 1, 2023 | $1.14 | $1.20 | +5.3% | $547M | -2.0% |
| Jul 26, 2023 | $1.01 | $0.99 | -2.0% | $542M | -3.1% |
| Feb 1, 2023 | $1.01 | $0.99 | -2.0% | $466M | +0.3% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q2 FY2026 · May 6, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
PTC delivered strong Q2. Grew constant currency ARR 8.5% at high end of guidance and free cash flow 14% YOY. Divestiture completed, focused on intelligent product lifecycle vision. Go-to-market transformation gains traction. AI driving momentum: first, driving product data modernization demands as customers recognize product data foundation strength determines AI ceiling; second, building intelligence layer on systems. For example, Windchill Plus with automotive supplier, Creo and Onshape agents with unique access to product data, scaling AI releases with nearly doubling in 2026 vs 2025 including first AI-native products.
Guidance
Fiscal 26 constant currency ARR (excluding Kepware and ThingWorx) expected to grow ~7.5-9.5%. Midpoint net new ARR $195 million. Q3 constant currency ARR expected to grow ~8-9% corresponding to net new ARR range $40-55 million. Expect $850 million free cash flow in fiscal 26, baseline $950 million for fiscal 27 modeling. Q3 26 free cash flow guidance $240-245 million. Raise fiscal 26 revenue guidance to $2.580-$2.820 billion and non-GAAP EPS guidance range to $6.65-$8.90. Board authorized new $2 billion share repurchase program effective Oct 1, 2026 through end of fiscal year 2028.
Segment performance
PTC delivered strong Q2. Constant currency ARR grew 8.5% at high end of guidance. Free cash flow grew 14% YOY exceeding guidance range. With divestiture completed, focused on intelligent product lifecycle vision. Go-to-market transformation gains traction, rep productivity and renewal rates improve, large high-quality pipeline built for second half well-balanced across geographies, verticals, and products. Also structured deals to increase deferred ARR for fiscal 27 and beyond.