PTC Inc. (PTC) SEC Filings & Earnings Calls
EquiReason read 13 PTC Inc. SEC filings in the last 12 months. Latest: 8-K on 2026-10-05 — Schneider Electric to acquire PTC in all-cash deal at $205/share, valuing equity at ~$22.6B, 42.3% premium to last close. Creates industrial software & AI powerhouse..
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 21.0B
- P/E TTM
- 18.9
- Dividend yield
- —
- 52-week
- —
- Next earnings
- 4 Nov, in 11 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
5 Oct 20268-K · 1.01, 7.01Schneider Electric to acquire PTC in all-cash deal at $205/share, valuing equity at ~$22.6B, 42.3% premium to last close. Creates industrial software & AI powerhouse.being acquiredopen
Figures in the filing · each found in the filing text
| Revenue · CY2025 | $2.40B | |
| Adj. EBITA margin · CY2025 | $40.00 | |
| Revenue growth rate · CY2025-2029 | 10.0% | |
| ARR growth rate · CY2025-2029 | 10.0% |
Risks flagged
Transaction completion risk: regulatory approvals required, including for Cognite acquisition.
“The completion of the Cognite transaction remains subject to customary closing conditions, including the receipt of required regulatory approvals” · word for word
31 Jul 202610-QPTC reported Q3'26 results with ARR flat YoY but up 7% ex-divestitures, revenue down 7%, operating margin down 480bps, and free cash flow up 3%.earningsopen
Figures in the filing · each found in the filing text
| ARR · Q3-2026 | $2.41B | 0% y/y |
| Operating margin · Q3-2026 | 27.7% | |
| Non-GAAP operating margin · Q3-2026 | 41.4% | |
| Diluted earnings per share · Q3-2026 | $1.03 | -12% y/y |
| Free cash flow · Q3-2026 | $249M | +3% y/y |
| Cash provided by operating activities · Q3-2026 | $261M | +7% y/y |
Risks flagged
Divestiture impact on revenue and ARR
“Revenue decreased 7% (8% constant currency) in Q3'26 compared to Q3'25, reflecting the divestiture of the Kepware and ThingWorx businesses in Q2'26.” · word for word
Large contract concentration
“lower license revenue due primarily to the shortened duration of a single large contract renewal and expansion.” · word for word
29 Jul 20268-K · 2.02Constant currency ARR excluding divested businesses $2.45B (+9% y/y); Operating cash flow $261M (+7% y/y); Free cash flow $249M (+3% y/y); Guidance: Raising FY'26 guidance for ARR (9% to 9.5% growth), Revenue ($2,690M to $2,750M), and EPS (earningsopen
Figures in the filing · each found in the filing text
| Constant currency ARR excluding divested businesses · Q3-2026 | $2.45B | +9% y/y |
| Operating cash flow · Q3-2026 | $261M | +7% y/y |
| Free cash flow · Q3-2026 | $249M | +3% y/y |
| Revenue · Q3-2026 | $600M | -7% y/y |
| GAAP diluted EPS · Q3-2026 | $1.03 | -12% y/y |
| Non-GAAP diluted EPS · Q3-2026 | $1.58 | -4% y/y |
Guidance
Raising FY'26 guidance for ARR (9% to 9.5% growth), Revenue ($2,690M to $2,750M), and EPS ($8.46 to $9.18)
Guidance raised across key metrics due to strong Q3 execution and pipeline visibility.
Risks flagged
Revenue decline of 7% YoY due to divestitures; GAAP EPS down 12%.
“Revenue $600M, (7%) YoY; GAAP EPS $1.03, (12%) YoY”
7 May 202610-QPTC reported strong Q2 FY2026 results with 22% revenue growth, 310bps operating margin expansion, and a $463M gain from the divestiture of Kepware and ThingWorx.earningsopen
Figures in the filing · each found in the filing text
| ARR · Q2-2026 | $2.36B | +3% y/y |
| Revenue · Q2-2026 | $774M | +22% y/y |
| Operating cash flow · Q2-2026 | $321M | +14% y/y |
| Free cash flow · Q2-2026 | $318M | +14% y/y |
| Non-GAAP diluted EPS · Q2-2026 | $2.69 | +50% y/y |
| GAAP diluted EPS · Q2-2026 | $4.98 | +269% y/y |
| Total debt · Q2-2026 | $1.20B | |
| Share repurchases · H1-2026 | $826M | +450% y/y |
| Net income · Q2-2026 | $591M | +263% y/y |
Risks flagged
Divestiture execution risk
“Divestiture of Kepware and ThingWorx completed, but integration and transition risks remain.”
Foreign exchange exposure
“Approximately 55% of our revenue and 30% of our expenses are transacted in currencies other than the U.S. Dollar.” · word for word
Debt level
“Total debt $1.2 billion as of March 31, 2026, with interest expense of $15.3 million in Q2'26.”
6 May 20268-K · 2.02, 7.01Constant currency ARR excluding divested businesses $2.39B (+8% y/y); Revenue $774M (+22% y/y); Operating cash flow $321M (+14% y/y); Guidance: FY'26 constant currency ARR ex-divested growth 7.5%-9.5%; FCF ~$850Mearningsopen
Figures in the filing · each found in the filing text
| Constant currency ARR excluding divested businesses · Q2-2026 | $2.39B | +9% y/y |
| Revenue · Q2-2026 | $774M | +22% y/y |
| Operating cash flow · Q2-2026 | $321M | +14% y/y |
| Free cash flow · Q2-2026 | $318M | +14% y/y |
| Non-GAAP operating margin · Q2-2026 | 53.0% | |
| Non-GAAP earnings per share · Q2-2026 | $2.69 | +50% y/y |
Guidance
FY'26 constant currency ARR ex-divested growth 7.5%-9.5%; FCF ~$850M
Reaffirmed FY guidance; solid Q2 execution; AI driving momentum; capital return program on track
Risks flagged
Divestiture of Kepware and ThingWorx creates transition risk
“As reported ARR excluding divested businesses excludes Kepware and ThingWorx ARR from Q2’25 to facilitate period-to-period comparisons following the divestiture of those businesses in Q2'26” · word for word
FY'26 cash flow includes ~$40M divestiture-related costs and ~$110M cash taxes
“FY’26 cash flow guidance includes approximately $40 million of divestiture-related costs and approximately $110 million of divestiture-related cash taxes” · word for word
16 Mar 20268-K · 7.01Revenue guidance FY'26 (excl. divested) $2.54B; Operating cash flow guidance FY'26 (excl. divested) $880M; Free cash flow guidance FY'26 (excl. divested) $850M; Guidance: Revenue lowered by ~$135M; operating cash flow lowered by ~$150M; freopen
Figures in the filing · each found in the filing text
| Revenue guidance FY'26 (excl. divested) · FY2026 | $2.54B | |
| Operating cash flow guidance FY'26 (excl. divested) · FY2026 | $880M | |
| Free cash flow guidance FY'26 (excl. divested) · FY2026 | $850M | |
| Divestiture cash proceeds · Q2-2026 | $523M | |
| Net after-tax proceeds · Q2-2026 | $375M | |
| Accelerated share repurchase program · Q2-2026 | $375M |
Guidance
Revenue lowered by ~$135M; operating cash flow lowered by ~$150M; free cash flow lowered by ~$150M
Guidance cut due to divestiture; ARR guidance unchanged; share repurchase program announced
Risks flagged
Divestiture reduces revenue and cash flow base; but proceeds used for share repurchases
“Revenue guidance lowered by ~$135M; operating cash flow lowered by ~$150M; free cash flow lowered by ~$150M”
5 Feb 202610-QPTC reported strong Q1 FY2026 results with revenue up 21%, operating margin up 1180 bps, and ARR up 13%.earningsopen
Figures in the filing · each found in the filing text
| ARR · Q1-2026 | $2.49B | +13% y/y |
| Revenue · Q1-2026 | $686M | +21% y/y |
| Operating margin · Q1-2026 | 32.2% | |
| Non-GAAP operating margin · Q1-2026 | 45.1% | |
| Diluted earnings per share · Q1-2026 | $1.39 | +104% y/y |
| Free cash flow · Q1-2026 | $267M | +13% y/y |
Risks flagged
Divestiture execution risk
“We may receive up to $600 million upon closing of the transaction, subject to adjustments as set forth in the purchase agreement.” · word for word
Foreign exchange risk
“Approximately 55% of our revenue and 30% of our expenses are transacted in currencies other than the U.S. Dollar.” · word for word
4 Feb 20268-K · 2.02ARR as reported $2.49B (+13% y/y); Constant currency ARR $2.50B (+8% y/y); Operating cash flow $270M (+13% y/y); Guidance: FY2026 constant currency ARR growth 7%-9%; operating cash flow ~$1,030Mearningsopen
Figures in the filing · each found in the filing text
| ARR as reported · Q1-2026 | $2.49B | +13% y/y |
| Constant currency ARR · Q1-2026 | $2.50B | +8% y/y |
| Operating cash flow · Q1-2026 | $270M | +13% y/y |
| Free cash flow · Q1-2026 | $267M | +13% y/y |
| Revenue · Q1-2026 | $686M | +21% y/y |
| Non-GAAP earnings per share · Q1-2026 | $1.92 | +75% y/y |
Guidance
FY2026 constant currency ARR growth 7%-9%; operating cash flow ~$1,030M
FY2026 guidance reaffirmed; strong demand capture and margin expansion; significant share repurchases planned.
Risks flagged
Kepware and ThingWorx divestiture-related expenses.
“$10M outflows in Q1'26; ~$160M expected in FY'26.”
23 Dec 2025DEF 14AProxy statement for 2026 Annual Meeting, disclosing executive compensation and governance.open
Figures in the filing · each found in the filing text
| ARR · FY2025 | $2.48B | +10% y/y |
| ARR constant currency · FY2025 | $2.45B | +9% y/y |
| Cash flow from operations · FY2025 | $868M | |
| Free cash flow · FY2025 | $857M | |
| Net income · FY2025 | $734M |
4 Dec 20258-K · 5.02, 7.01Appointment of Jennifer DiRico as CFO effective Jan 1, 2026, replacing Kristian Talvitie. Guidance reaffirmed. No financial impact from change.open
Guidance
Guidance for FY2026 and Q1 FY2026 reaffirmed as provided on Nov 5, 2025.
Risks flagged
CFO transition risk is low given orderly succession and reaffirmed guidance.
“Orderly transition with no disagreement; guidance reaffirmed.”
21 Nov 202510-KARR $2.48B (+10% y/y); Free cash flow $857M (+16% y/y); Diluted earnings per share $6.08 (+95% y/y); Guidance: Expect to repurchase $150-$250M per quarter in FY'26; material positive cash impact from tax law change in FY'26 and FY'27open
Figures in the filing · each found in the filing text
| ARR · FY2025 | $2.48B | +10% y/y |
| Free cash flow · FY2025 | $857M | +16% y/y |
| Diluted earnings per share · FY2025 | $6.08 | +95% y/y |
| Non-GAAP diluted earnings per share · FY2025 | $7.94 | |
| Cash provided by operating activities · FY2025 | $868M | +16% y/y |
| Remaining Performance Obligations (RPO) · FY2025 | $601M | +27% y/y |
| Total debt · FY2025 | $1.20B | |
| Share repurchases · FY2025 | $300M |
Guidance
Expect to repurchase $150-$250M per quarter in FY'26; material positive cash impact from tax law change in FY'26 and FY'27
Management expects to continue share repurchases and sees a material positive cash impact from the new tax law.
Risks flagged
Divestiture execution risk
“On November 5, 2025, we entered into a definitive agreement with an affiliate of TPG, under which we agreed to sell our Kepware and ThingWorx businesses for total consideration of up to $725 million, if certain targets are achieved.” · word for word
Foreign exchange exposure
“Approximately 50% of our revenue and 35% of our expenses are transacted in currencies other than the U.S. Dollar.” · word for word
5 Nov 20258-K · 1.01Entered a material definitive agreement (acquisition, partnership, or major contract); filed financial statements and exhibits with this reportopen
Risks flagged
Divestiture execution risk and potential impact on revenue and ARR from sold businesses.
“Divestiture of Kepware and ThingWorx businesses”
5 Nov 20258-K · 2.02ARR as reported $2.48B (+10% y/y); Constant Currency ARR Growth 8.5; Revenue $2.74B (+19% y/y); Guidance: FY2026 guidance: constant currency ARR growth 7-9%, operating cash flow ~$1.03B, free cash flow ~$1Bearningsopen
Figures in the filing · each found in the filing text
| ARR as reported · total · Q4-2025 | $2.48B | +10% y/y |
| Constant Currency ARR Growth · total · FY2025 | 8.5% | |
| Revenue · total · FY2025 | $2.74B | +19% y/y |
| Operating Cash Flow · total · FY2025 | $868M | +16% y/y |
| Free Cash Flow · total · FY2025 | $857M | +16% y/y |
| Non-GAAP EPS · total · FY2025 | $8.00 | +57% y/y |
| FY2026 Free Cash Flow Guidance · total · FY2026 | $1.00B | +17% y/y |
Guidance
FY2026 guidance: constant currency ARR growth 7-9%, operating cash flow ~$1.03B, free cash flow ~$1B
Strong FY2025 results with record cash flow; FY2026 guidance implies continued double-digit cash flow expansion and solid visibility.
Risks flagged
Divestiture of Kepware/ThingWorx creates execution risk and may impact ARR growth temporarily.
“FY’26 guidance includes Kepware and ThingWorx for the full year; to be updated when the divestiture is closed”
PTC Inc. — questions
- What did PTC Inc. file recently?
- 13 SEC filings in the last 12 months. Latest: 8-K on 2026-10-05 — Schneider Electric to acquire PTC in all-cash deal at $205/share, valuing equity at ~$22.6B, 42.3% premium to last close. Creates industrial software & AI powerhouse.
Every figure on this page comes from PTC Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.