Quarterly ResultMay 7, 2026, 06:12 AM
PTC Q2 Net Income $590.7M, EPS $4.98; Divests Kepware & ThingWorx
AI Summary
PTC Inc. reported significantly increased net income and diluted EPS for the second quarter and first six months ended March 31, 2026, primarily driven by the divestiture of its Kepware and ThingWorx businesses for $530.8 million, which generated a $462.6 million gain. Total revenue also saw strong growth across its product segments and geographic regions. The company also executed substantial share repurchases, including a $375 million accelerated share repurchase agreement.
Key Highlights
- Divested Kepware and ThingWorx businesses for $530.8 million, realizing a $462.6 million gain.
- Q2 2026 net income surged to $590.7 million, up 263.2% from $162.6 million year-over-year.
- Q2 2026 diluted EPS increased to $4.98, up 268.8% from $1.35 year-over-year.
- Total revenue for Q2 2026 grew 21.7% to $774.3 million from $636.4 million.
- Repurchased $831.5 million of common stock in the first six months of 2026.
- Product lifecycle management (PLM) revenue rose 24.2% to $492.1 million in Q2.
- Computer-aided design (CAD) revenue increased 17.5% to $282.2 million in Q2.
- Americas revenue grew 28.2% to $375.6 million in Q2.