Quarterly ResultMay 6, 2026, 04:09 PM
PTC Q2 2026 Revenue $774M, EPS $4.98; New $2B Buyback
AI Summary
PTC Inc. announced strong financial results for its second fiscal quarter ended March 31, 2026, with revenue and non-GAAP EPS exceeding guidance. The company's Board of Directors also authorized a new $2.0 billion share repurchase program for fiscal years 2027-2028, signaling confidence in future performance and commitment to shareholder returns. PTC continues to execute on its capital return program, having repurchased $625 million in Q2 2026 and targeting up to $1.325 billion for the full fiscal year.
Key Highlights
- Board authorized a new $2.0 billion share repurchase program for fiscal years 2027-2028.
- Q2 2026 revenue increased 22% year-over-year to $774 million, or 15% on a constant currency basis.
- Q2 2026 GAAP EPS was $4.98, up 270% year-over-year, including a $463 million gain from divestitures.
- Q2 2026 non-GAAP EPS rose 50% to $2.69, exceeding the company's guidance.
- Constant currency ARR grew 8.5% to $2.388 billion, excluding divested businesses.
- Operating cash flow and free cash flow both increased 14% year-over-year to $321 million and $318 million, respectively.
- PTC repurchased approximately $625 million of common stock in Q2 2026, targeting $1.225 billion to $1.325 billion for FY26.
- Full fiscal year 2026 revenue guidance raised to $2.58 billion-$2.82 billion, and EPS guidance also raised.