PTC (PTC) reported net income of US$ 1.03 bi in fiscal year 2026, ended September 30, 2026, versus US$ 734 mi in fiscal year 2025. Diluted earnings per share (EPS) were US$ 8.93, up 47%. The result includes gains of US$ 463.9 mi from the sale of the Kepware and ThingWorx businesses.
In fiscal Q4 2026, net income was US$ 157.3 mi, versus US$ 347.8 mi a year earlier. Diluted EPS was US$ 1.44, versus US$ 2.88. Revenue for the quarter totaled US$ 673.3 mi, down 25%, and operating margin was 32%, versus 49%. The company states that revenue is affected by the ASC 606 accounting standard.
For the fiscal year, revenue was US$ 2.7 bi (US$ 2,733.4 mi), practically flat versus US$ 2,739.2 mi. Operating income was US$ 896.1 mi, with a margin of 33%, versus 36%. Operating cash flow was US$ 899 mi and free cash flow was US$ 873 mi. In the quarter, free cash flow was US$ 385 mi according to the highlights table, and US$ 37.7 mi in the reconciliation.
Adjusted earnings per share (non-GAAP, excludes items the company considers non-recurring) were US$ 8.24 for the fiscal year, up 4%, and US$ 2.03 in fiscal Q4, down 40%. ARR (annual recurring revenue from active contracts), excluding the divested businesses, was US$ 2.5 bi (US$ 2,508 mi) in the quarter, up 8%. PTC repurchased US$ 1.6 bi in shares during the fiscal year.
Following the agreement announced on October 5, 2026 to be acquired by Schneider Electric, PTC suspended its quarterly earnings conference calls and stopped providing quarterly or annual guidance.
