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PTC · Q3 FY2026
Archived report (Q3 FY2026). Latest deep dive →
The quarter in brief
Revenue fell 6.8% y/y to $600M, operating margin 27.7% vs 32.6%, net income $119M (−16.0% y/y).
Net income
$119M
down 16.0% y/y
Total revenue
$600M
down 6.8% y/y
Operating income
$167M
down 20.6% y/y
Gross margin
$490M
down 8.1% y/y
All figures in $M.
| Line item | Amount and change |
|---|---|
| Support and cloud services | $371 · +0.3% |
| License | $206 · −18.2% |
| Professional services | $23.3 · +3.3% |
| Total revenue | $600 · −6.8% |
| Total cost of revenue | $110 · −0.4% |
| Gross margin | $490 · −8.1% · 81.7% margin |
| Sales and marketing | $136 · −3.9% |
| Research and development | $116 · −0.8% |
| General and administrative | $60 · +10.8% |
| Amortization of acquired intangible assets | $12 · +3.9% |
| Operating income | $167 · −20.6% · 27.7% margin |
| Other income, net | $1.7 · −24.3% |
| Interest expense | $15.8 · −14.3% |
| Income before income taxes | $152 · −21.3% |
| Provision for income taxes | $33.7 · −35.7% · 22.1% effective rate |
| Net income | $119 · −16.0% · $1.03/sh · 19.8% margin |
Verdict: revenue fell 6.8% y/y to $600M, operating margin 27.7% vs 32.6%, net income $119M (−16.0% y/y).
Diluted EPS $1.03 vs $1.17 a year earlier; non-GAAP EPS $1.58; ARR excluding divested businesses $2,412 million, up 7% (9.1% in constant currency); about $525 million of shares repurchased in the quarter.
Source and notation
Source: PTC earnings release, 8-K EX-99 of 07/29/2026, and Form 10-Q filed 07/31/2026 (SEC EDGAR). The income statement lines were taken from the release by hand; the program found every figure in the release or 10-Q text and checked the accounting identities and the chart balance; revenue and net income match SEC XBRL.
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Chart: “PTC Q3 FY2026: where the revenue went” by Who Reports Today, https://whoreportstoday.com/t/ptc/q3-fy2026. Licensed under CC BY 4.0.
<figure> <a href="https://whoreportstoday.com/t/ptc/q3-fy2026"><img src="https://whoreportstoday.com/t/ptc/q3-fy2026/sankey.png" alt="PTC Q3 FY2026: where the revenue went" loading="lazy" style="max-width:100%;height:auto"></a> <figcaption>Source: <a href="https://whoreportstoday.com/t/ptc/q3-fy2026">Who Reports Today</a>, licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a></figcaption> </figure>
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<a href="https://whoreportstoday.com/t/ptc/q3-fy2026">PTC Q3 FY2026 earnings chart (Who Reports Today)</a>
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- Revenue fell 7% to $600.0M; license revenue dropped to $205.8M from $251.5M; support and cloud services were flat at $370.9M.
- Operating cash flow rose 7% to $261 million and free cash flow to $249 million.
- Gross margin was 81.7% vs 82.9% a year earlier.
- Operating income was $167M, a 27.7% margin vs 32.6% a year earlier.
- The effective tax rate was 22.1% vs 27.0% a year earlier.
- Diluted EPS was $1.03 vs $1.17 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
PTC — PTC develops industrial software: computer-aided design (Creo, Onshape), product lifecycle management (Windchill, Codebeamer) and service lifecycle management, sold mostly by subscription.
Headquarters: Boston, Massachusetts.
Heads-up
- net income fell 16% y/y in Q3 FY2026
- revenue fell 7% y/y in Q3 FY2026
Net income for Q3 FY2026: $119M, −16% y/y. In the report's figures: revenue −7% y/y; costs grew faster than revenue: general and administrative +11% y/y. Based on the Q3 FY2026 report.
The company's report ↗Revenue for Q3 FY2026: $600M, −7% y/y. In the report's figures: segments down: License −18% y/y. Based on the Q3 FY2026 report.
The company's report ↗More reports: Q · Q3 2026 · QCOM · Q3 FY2026 · ROP · Q3 2026 · SMCI · Q1 FY2027 · SNDK · Q1 FY2027 · SNPS · Q3 FY26 · STX · Q1 FY2027 · SWKS · Q4 FY2026 · TDY · Q3 2026 · TEL · Q4 FY2026 · all reports