Filing Flows › PTC (PTC) › Q3 FY26 › vs Q2 FY26
PTC (PTC) Q3 FY26 vs Q2 FY26 (quarter over quarter)
PTC's revenue fell $174M (-23%) from $774M in Q2 FY26 to $600M in Q3 FY26. Gross margin 81.7% against 85.3% (-3.6 pts).
PTC, Q3 FY26: revenue $600M (-7% year over year), operating margin 27.7%, net earnings $119M, operating cash flow $261M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q3 FY26 | Q2 FY26 | Change | |
|---|---|---|---|
| Gross margin | 81.7% | 85.3% | -3.6 pts |
| Operating margin | 27.7% | 38.2% | -10.5 pts |
| Net margin | 19.8% | 76.3% | -56.5 pts |
Every line
| Line | Q3 FY26 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $600M | $774M | −$174M | -23% |
| Gross profit | $490M | $661M | −$170M | -26% |
| Cost of revenue | $110M | $114M | −$4.0M | -4% |
| Operating profit | $167M | $296M | −$129M | -44% |
| Operating expenses | $324M | $365M | −$40.9M | -11% |
| Pre-tax earnings | $152M | $747M | −$594M | -80% |
| Other expense, net | $14.1M | −$451M | $465M | — |
| Research & development | $116M | $124M | −$8.4M | -7% |
| Sales & marketing | $136M | $140M | −$3.8M | -3% |
| General & admin | $60.0M | $88.6M | −$28.7M | -32% |
| Other operating costs | $12.0M | $12.0M | −$21K | -0.2% |
| Net earnings | $119M | $591M | −$472M | -80% |
| Income tax | $33.7M | $156M | −$122M | -78% |
| Depreciation & amortization | $24.2M | $24.7M | −$502K | -2% |
| Share-based compensation | $59.4M | $68.6M | −$9.2M | -13% |
| Working capital & other | $58.3M | −$363M | $421M | — |
| Operating cash flow | $261M | $321M | −$60.3M | -19% |
Questions
How much did PTC's revenue grow quarter over quarter in Q3 FY26?
PTC's revenue fell $174M (-23%) from $774M in Q2 FY26 to $600M in Q3 FY26. Gross margin 81.7% against 85.3% (-3.6 pts).