Key Highlights

  • Quarterly Revenue of USD 673.25 million compares with a USD 663.56 million estimate and USD 893.8 million a year ago.
  • Non-GAAP EPS was USD 2.03 against an estimate of USD 1.97, while GAAP EPS was USD 1.44 against USD 2.88.
  • Fiscal 2026 revenue was USD 2,733 million against USD 2,739 million, with non-GAAP EPS of USD 8.24 versus USD 7.94.
  • A definitive agreement to be acquired by Schneider Electric was announced October 5, 2026, and guidance is suspended.

On October 5, 2026, PTC Inc. (NASDAQ:PTC) announced a definitive agreement to be acquired by Schneider Electric, and its fourth fiscal quarter report arrives with that transaction pending. The quarter ended September 30, 2026. Revenue was USD 673.25 million, against an estimate of USD 663.56 million and USD 893.8 million in the same quarter of fiscal 2025. Non-GAAP EPS was USD 2.03, against an estimate of USD 1.97 and USD 3.41 a year earlier.

How the Pending Deal Changes Reporting

Because of the pending transaction, the company said it is suspending quarterly Earnings conference calls and is no longer providing quarterly or annual guidance. The company described its strategic focus as the Intelligent Product Lifecycle vision.

The quarter also followed the divestiture of the Kepware and ThingWorx businesses in the second fiscal quarter of 2026. The company recognized a gain of USD 463.9 million on those sales in fiscal 2026 and received USD 531.48 million from divestitures during the year. Its annual run rate, or ARR, figure excluding divested businesses was USD 2,508 million on an as reported basis, up 8% from USD 2,320 million, and USD 2,545 million at constant currency, up 9.7%. On an as reported basis including the divested businesses, ARR increased 1%.

Results Around the Transaction

Revenue fell 25% from the prior-year quarter, or 24% at constant currency, and the company noted that revenue is affected by ASC 606 accounting. License revenue was USD 267.03 million against USD 484.08 million, while support and cloud services revenue was USD 382.10 million against USD 385.36 million. Recurring Revenue was USD 645.25 million against USD 861.07 million.

GAAP Operating Margin was 32% against 49%, and non-GAAP operating margin was 46% against 59%. GAAP EPS was USD 1.44 against USD 2.88, and Net Income was USD 157.26 million against USD 347.79 million.

For the full fiscal year, revenue was USD 2,733.43 million against USD 2,739.23 million. GAAP EPS was USD 8.93 against USD 6.08, a result that includes the divestiture gain, and non-GAAP EPS was USD 8.24 against USD 7.94. Net income was USD 1,033.28 million against USD 733.997 million.

Cash, Debt and Buybacks Before the Deal

Quarterly Operating Cash Flow was USD 47.3 million against USD 104.0 million, and the company said fourth quarter cash flow carried about USD 24 million of divestiture-related costs and about USD 75 million of divestiture-related cash taxes. Fiscal 2026 operating cash flow was USD 898.6 million against USD 867.7 million.

Cash and cash equivalents were USD 232.85 million at September 30, against USD 184.42 million a year earlier. Debt, net of issuance costs, was USD 1,609.76 million against USD 1,197.43 million. Repurchases of common stock were USD 298.72 million in the quarter and USD 1,624.91 million for the year, against USD 300.0 million in fiscal 2025.

Signposts for the Next Quarter

Fiscal 2026 revenue of USD 2,733 million sits alongside year-end ARR excluding divested businesses of USD 2,508 million, operating cash flow of USD 898.6 million and debt of USD 1,609.76 million.

The dated item management named is October 5, 2026, when the agreement with Schneider Electric was signed. From that point the company stopped hosting quarterly calls and giving guidance. Management also said the divestiture-related costs and cash taxes in the quarter, along with about USD 5 million of capital expenditures tied to moving a major R&D center, were described by the company as one-time items.