Description

PTC Inc. Raises Guidance As Net New ARR Reaches $60 Million; What Lies Ahead?

PTC reported its third-quarter results for fiscal year 2026, reflecting a combination of strengths and challenges within the industrial software sector. The company generated $60 million in net new Annual Recurring Revenue (ARR) during the quarter, with year-over-year constant currency ARR and free cash flow growth surpassing the high end of its guidance range. Constant currency ARR stood at $2.448 billion, up 9.1% year-over-year excluding the divested Kepware and ThingWorx businesses, leading the company to raise the midpoint of its annual ARR growth guidance to approximately 9.25%. The reported operating cash flow was $261 million, with free cash flow at $249 million, both above prior expectations. The company’s core strategy centers on its Intelligent Product Lifecycle solutions, which demonstrated sustained customer demand across multiple verticals and regions.