PTC

EX-99.1

2 ptc-ex99_1.htm

EX-99.1

EX-99.1

Ex 99.1

PTC Announces Second fiscal Quarter 2026 Results

Strategic focus on Intelligent Product Lifecycle vision

• Solid execution in Q2’26

o Constant currency ARR growth of 8.5% excluding divested businesses

o Operating and free cash flow growth of 14%

• ~$625 million of cash used for repurchases in Q2’26; targeting repurchases of ~$1.225 billion to ~$1.325 billion in FY’26; New $2 billion share repurchase authorization effective for FY'27-FY'28.

BOSTON, MA, May 6, 2026 - PTC (NASDAQ: PTC) today reported financial results for its second fiscal quarter ended March 31, 2026.

“PTC delivered solid financial results in Q2’26. Our go-to-market transformation continues to gain traction and our Intelligent Product Lifecycle vision is resonating with customers. The execution and momentum we’ve established over the past several quarters give us confidence that we are building a more durable, multi-year growth engine,” said Neil Barua, President and CEO, PTC.

“Customer interest in AI is growing, and our discussions reinforce how AI is driving momentum in PTC’s business. Customers are modernizing their product data foundations with PTC’s systems of record to apply AI. PTC is also establishing AI as a new intelligence layer over our systems to enable enterprise transformation,” concluded Barua.

Second Fiscal Quarter 2026 Key Operating and Financial Metrics1

$ in millions, except per share amounts

% rounded to the nearest half

Q2’26

Q2'25

YoY Change

Q2’26 Guidance

As reported ARR excluding divested businesses2

$2,365

$2,136

11%

Constant currency ARR excluding divested businesses (FY'26 Plan FX rates3)

$2,388

$2,200

8.5%

8% to 8.5% growth

Operating cash flow

$321

$281

14%

$315 to $320

Free cash flow

$318

$279

14%

$310 to $315

Revenue4

$774

$636

22%5

$685 to $745

Operating margin4

38%

35%

310 bps

Non-GAAP operating margin4

53%

47%

600 bps

Earnings per share4

$4.986

$1.357

270%

$4.09 to $4.74

Non-GAAP earnings per share4

$2.69

$1.79

50%

$1.87 to $2.47

1 The definitions of our operating and non-GAAP financial measures and reconciliations of non-GAAP financial measures to comparable GAAP measures are included below and in the reconciliation tables at the end of this press release.

2 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. ARR grew 3% year over year on an as reported basis in Q2’26, reflecting the divestiture of Kepware and ThingWorx.

3 On a constant currency basis, using our FY’26 Plan foreign exchange rates (rates as of September 30, 2025) for all periods. Constant currency ARR excluding divested businesses excludes Kepware and ThingWorx ARR from Q2’25.

4 Revenue and, as a result, operating margin and earnings per share are impacted under ASC 606.

5 In Q2’26, revenue grew 15% year over year on a constant currency basis.

6 Q2’26 GAAP EPS included a $463 million gain on the sale of our Kepware and ThingWorx business, partially offset by $27 million of divestiture-related expenses and a $102 million tax impact.

7 Q2’25 GAAP EPS included a non-cash tax benefit of $4.2 million or $0.03, due to the release of a tax reserve related to prior years.

1

“We are pleased to report our first quarter as a more focused company, aligned to accelerate our Intelligent Product Lifecycle vision. Our solid financial results in Q2 demonstrate the discipline and consistency we remain committed to, and we are on track to deliver on our full year guidance. In addition, we are executing on our capital return program: using $625 million for share repurchases in Q2, targeting $1.2 billion to $1.3 billion of repurchases in FY’26, and announcing a new $2 billion program, which will extend through September 30, 2028,” said Jen DiRico, CFO.

Full Fiscal Year 2026 and Third Fiscal Quarter Guidance

$ in millions, except per share amounts

% rounded to the nearest half

Previous FY’26 Guidance

FY’26 Guidance3

FY’26 YoY Growth Guidance

Q3’26 Guidance5

Constant currency ARR excluding divested businesses (FY’26 Plan FX rates)1

7.5% to 9.5% growth

7.5% to 9.5% growth

7.5% to 9.5%

8% to 9% growth

Operating cash flow

~$880

~$880

~1%4

$255 to $260

Free cash flow2

~$850

~$850

~(1)%4

$240 to $245

Revenue

$2,540 to $2,805

$2,580 to $2,820

(6)% to 3%4

$580 to $640

Earnings per share

$6.94 to $9.66

$7.21 to $9.70

19% to 60%4

$0.68 to $1.25

Non-GAAP earnings per share2

$6.36 to $8.84

$6.65 to $8.90

(16)% to 12%4

$1.24 to $1.78

1 Excludes Kepware and ThingWorx ARR from Q2’25 given the divestiture of those businesses in Q2’26. On a constant currency basis, using our FY’26 Plan foreign exchange rates (rates as of September 30, 2025) for all periods.

2 Refer to the GAAP to non-GAAP reconciliation tables below.

3 FY’26 cash flow guidance includes approximately $40 million of divestitu

8-K

0000857005false00008570052026-02-042026-02-04

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 04, 2026

PTC Inc. (Exact name of Registrant as Specified in Its Charter)

Massachusetts

0-18059

04-2866152

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

121 Seaport Boulevard

Boston, Massachusetts

02210

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: (781) 370-5000

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $.01 par value per share

PTC

The Nasdaq Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Section 2 - Financial Information Item 2.02 Results of Operations and Financial Condition. On February 4, 2026, PTC Inc. announced results for its first quarter ended December 31, 2025. A copy of the press release is furnished herewith as Exhibit 99.1. Section 9 - Financial Statements and Exhibits Item 9.01 Financial Statements and Exhibits. (d) Exhibits. 99.1 PTC Inc. Press Release dated February 4, 2026. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

PTC Inc.

Date:

4 February 2026

By:

/s/ Jennifer DiRico

Jennifer DiRico Executive Vice President, Chief Financial Officer

8-K

false000085700500008570052025-11-052025-11-05

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 05, 2025

PTC Inc. (Exact name of Registrant as Specified in Its Charter)

Massachusetts

0-18059

04-2866152

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

121 Seaport Boulevard

Boston, Massachusetts

02210

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: (781) 370-5000

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $.01 par value per share

PTC

The Nasdaq Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Section 2 - Financial Information Item 2.02 Results of Operations and Financial Condition. On November 5, 2025, PTC Inc. announced results for its fourth quarter and fiscal year ended September 30, 2025. A copy of the press release is furnished herewith as Exhibit 99.1. Section 9 - Financial Statements and Exhibits Item 9.01 Financial Statements and Exhibits. (d) Exhibits. 99.1 PTC Inc. Press Release dated November 5, 2025. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

PTC Inc.

Date:

5 November 2025

By:

/s/ Kristian Talvitie

Kristian Talvitie Executive Vice President, Chief Financial Officer