$PTC (PTC) — Q3 FY26

PTC reported Q3 non-GAAP EPS of $1.58, beating consensus of $1.51 by $0.07 or 4.6%. Revenue of $600M was within guidance but down 7% YoY. The company raised FY'26 guidance for ARR, revenue, and EPS, signaling confidence. The key driver was constant currency ARR growth of 9.1% (ex-divestitures), exceeding the 8-9% guidance high end, driven by strong execution on the Intelligent Product Lifecycle strategy and growing AI-related customer demand.

PTC reported Q3 non-GAAP EPS of $1.58, beating consensus of $1.51 by $0.07 or 4.6%. Revenue of $600M was within guidance but down 7% YoY. The company raised FY'26 guidance for ARR, revenue, and EPS, signaling confidence. The key driver was constant currency ARR growth of 9.1% (ex-divestitures), exceeding the 8-9% guidance high end, driven by strong execution on the Intelligent Product Lifecycle strategy and growing AI-related customer demand.